If you are searching for rent to own properties in Colorado Springs, Pueblo, or Denver then please give us a call or text right now at (719) 286-0053 to see what inventory we currently have available. Typically we can get you in a home with a small down payment and a slightly higher than average monthly rent payment. Our program is great for people who have bad credit and cannot qualify for a traditional mortgage from a financial lending institution. If you are sick of getting denied and want a fresh start, then rent to own is an excellent option. You can get started for as little as 2 – 3% down, and flexible monthly terms with a decent interest rate. We have helped many families purchase their first home with our Colorado rent to own program, and you could be next, so get in touch with us today.
You can reach us at any time via call or text at (719) 286-0053 or simply fill out the form at the bottom of this page and select “looking for a house to live in” as your criteria and someone from our team will contact you and get back to you within a few days to let you know what types of properties we currently have available. Our inventory is constantly changing and rotating as we find new properties, so your best bet is to get your name on the list so that as soon as something new becomes available we will contact you so you can come take a look and see if it might be a good fit for your current situation.
Main Benefits Of Rent To Own Programs
- Purchase a home without a lot of cash or credit. When you buy a house using a rent to own style setup, you don’t need much cash or credit at all. The down payment is usually only 2 – 3% of the total purchase price, there’s no minimum credit score required, and you have the option of buying the home at any point throughout the lease agreement without the price going up.
- Low down payments. As previously mentioned, you can purchase a rent to own home without a large down payment, usually anywhere from 2 – 3% of the purchase price, so please keep that in mind when you are analyzing your financial situation and trying to determine if you will be able to obtain one of these properties.
- Flexible terms. Rent to own contracts are extremely flexible, and give the buyer many different options to exit the contract, whether you want to continue leasing the property for several years and extend your original terms, or if you simply want to buy the house at any time throughout the agreement.
- Exercise your buy option at any time. The great thing about rent to own programs with built in lease options is that you can exercise your buy option at any time, so if you happen to get some extra cash or are suddenly able to qualify for a traditional loan, you can buy the house and begin making your regular payments through your chosen financial institution.
Who Are Rent To Own Programs A Good Fit For?
Rent to own programs are ideal for anyone who is having difficulties qualifying for a traditional mortgage, and with the recent increase in foreclosures and bankruptcies around the nation, these numbers are rapidly increasing on a day to day basis. The main benefit of rent to own is that it allows families with bad credit to own a home by making a small down payment, and then monthly payments on a 2 – 3 year time schedule, where at the end of the window the idea is that they apply for traditional financing and use their recent payment history as leverage to qualify for the loan. It’s always a good idea to continue working on your credit while you are occupying the rent to own home so that once the 2 – 3 year window is up, you are able to get the financing, otherwise you may end up having to either extend the lease or lose the home. Rent to own properties are extremely attractive in today’s real estate marketplace, especially after the recent financial crisis and recession of 2008 which left a lot of people jobless, hopeless, and without enough financial credit to obtain real lender financing.
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