Search iRentToOwn.com for potential homes that you and your loved ones would be interested in.
Submit your contact information so that we (iRentToOwn.com) and our credit specialist partner (Lexington Law) can get you started with a free consultation and offer an explanation of our program.
By working with our partner, you will develop an achievable credit improvement and/or savings plan to reach homeownership in your desired timeframe.
iRentToOwn works with credit improvement specialists and mortgage providers to develop a customized strategy for you.
Once you are comfortable with our Home Owner Program, it‘s time to begin your home search!
Consider factors most important to you and your family, and the characteristics of your dream home (neighborhood, number of bedrooms, size, etc.)
Our site will assist you in the search and filtering process, so that you can identify a selection of homes that fit your preferences and where you would be able to enter into a Rent-To-Own agreement.
When you have located a home that is right for you, you will need to prepare your offer and negotiate contract terms.
We work with
a trusted partner that specializes in creating Rent-To-Own agreements to protect you and the Landlord-Seller.
Depending on your unique personal and financial needs, you will generally enter into a Rent-To-Own agreement for a period from 12 to 36 months.
Once you and the Landlord-Seller have signed the Rent-To-Own agreement and you have submitted any necessary down payment, iRentToOwn recommends getting a property inspection, a market valuation study, and a title search. These three items will help protect you and your investment.
Assuming the results of the inspection are satisfactory, you move into the home and your down payment becomes non-refundable.
During your 12-36 month rental period, you submit monthly payments to the Landlord-Seller and any monthly rental credit portion will remain in an escrow account until you purchase the home.
Throughout the term of your lease, your credit repair specialist and mortgage provider will work with you to achieve your mortgage qualification objectives.
As your rental period draws to a close and you decide that you would like to purchase the home, you will work with your mortgage provider to pre-qualify for a mortgage.
Once you have been pre-qualified, you will prepare a Purchase Agreement consistent with the terms in the Rent-To-Own Agreement, which will be signed by you and the Landlord-Seller.
With the Purchase Agreement signed, you have approximately 30 days to conduct a property inspection, appraisal and title search as well as finalize mortgage documentation.
Assuming the results of the inspections are satisfactory and your mortgage documentation has been finalized, the transaction closes and you become a homeowner!