After you have visited your future new home and decided to move forward, you will sign a simple form showing your intent to rent to own, and we will begin the process that moves us towards a "closing". We will ask for information about your employment, past rental history and ability to make the monthly payments, and in most cases your job and rental history will be all the credit you need, to qualify to move into your new home.
You will require a small earnest money deposit in advance to "lock you in" to the the home you have chosen, (which also keeps us from showing your special home to other parties) and if approved, our attorneys and closing department will take care of the rest! You'll attend a "closing" where all of the papers will be signed, and all that is left is to get the keys and MOVE IN to your new home!
After moving into your new home, we will immediately put you in touch with our preferred specialists who can help you plan for and begin learning the steps required to qualify for a mortgage of your own. This will eventually allow you to buy the property and put it into your own name, giving you even more benefits and the full pride of ownership. We won't "abandon you" after you move in... our goal is to watch you go from house renter to home owner in as short of a time as possible! |