Rent To Own Homes Houston
Rent to own homes Houston listings. Find hundreds of homes near you available for rent to own in the Greater Houston area. When lenders and banks say no, we say yes.
AFFORDABLE 4 Bedroom Homes Available
RENT TO OWN HOMES FREQUENTLY ASKED QUESTIONS
A New Way to Become A Homeowner
Our rent to own home program was designed to help families become home-owners that have been denied through traditional methods. We believe that someone’s ability to afford a home is much greater than their credit scores and debt to income ratios. Rent to own offers a unique way for families to achieve their goal of home-ownership.
Rent to Own Homes Houston, How Does It Work?
HomebuyerCreator.com has partnered with a large group of private investors that are willing to purchase a home and lease it back to you for a period of 1-3 years. At any point during this agreement you can utilize your right to purchase. You can pick any home available on the open market if it is in a good school district. Some eligibility requirements and restrictions may apply. Call us today at (713) 268-0895 or visit our contact us page to request a call.
Do I Need Credit to Get Approved?
Our program is designed for anyone with less than perfect credit. Bad credit? No credit? No worries. We have approved thousands for rent to own homes through this unique new program. To find out if you qualify please visit our contact us page or call us at (713) 268-0895.
How Much Does the Program Cost?
Everyone’s cost will be different based on several factors such as the amount of house you’re approved for, location, program length, and other factors. Our best recommendation is to get your 100% risk-free home-buyer consultation. Our team members are available to guide you through the application process and answer all your questions.
Is Rent to Own a Legitimate Program?
Yes, rent to own homes are a legitimate program that has helped thousands of families achieve their dream of becoming homeowners. HomebuyerCreator.com does not charge you any fees to apply for this program and there are no ongoing fees whatsoever. We are compensated by our investment group for finding new clients and marketing this program on their behalf. Our commitment is towards helping individuals get into their own homes.
Is Rent to Own A Good Fit for Me?
Rent to own homes works for some families and sometimes it isn’t a good fit. If you’re having trouble securing a down payment for a home or getting approved for a traditional mortgage, then rent to own may be a good fit for you. Our home-buyer consultant team is available to help you determine if this program is a good fit for you.
Is This Rent To Own By Owner?
No, our program is strictly direct to you the consumer. Our program is designed to allow you to pick virtually any home on the open market in your area. Some restrictions may apply, please request your free home-buyer consultation to learn more.
What is The Process?
The first step is requesting a call with one of our home-buyer consultants and determining your eligibility for this program. Rest assured, these are easy guidelines to meet and most of our applicants are approved. After meeting simple eligibility requirements and completing the necessary documents and other needed items, then you will be connected with one of our senior representatives to get you in touch with a local real estate professional familiar with our program to help you find your home. At this point, our team will close on the home for you and set your move in date.
How Long Does This Process Take?
The entire process typically takes between 30-90 days. Closing on homes is not an exact science and many variables can arise that can have an affect on how quickly the process completes. Based on our observations, we see clients get into their homes around the 60-day mark.
Rent to own Homes Houston: You Can Say Yes to Owning a Home
You may not be familiar with them, but rent to own homes can be a great option for a number of circumstances. They give you the option to “lock in” the house you plan on buying while being able to rent it for a few years first. A standard rental agreement doesn’t give you the option to buy the home. Plus, if it’s put on the market, anyone can come and buy it.
Rent to own homes Houston give you the option to buy a home, and only you. Rent to own homes also give you more time to save for a down payment. You can postpone a mortgage but still save the house for yourself. And it also gives you a couple of years to work on your credit.
What are rent to own homes
So rent to own homes Houston are what, exactly? Well, it’s a way to own a home later on by renting it now. Compared to just renting, there are a few extra steps to take. But compared to buying a home, the process is quicker and has fewer requirements.
In a nutshell, a Houston rent to own home agreement gives you the ability to rent a home for a lease term (usually 1-3 years) and choose to buy the home during that time. This kind of agreement is unique because the home is taken off the market at the beginning, but it isn’t yours until you move ahead with the buying process later on.
One of the advantages of rent to own homes is that the requirements for credit are very low. In fact, people with bad credit and even no credit can be approved for rent to own homes in Houston. A rent to own agreement is not a mortgage. There are some qualifications to pass, but these are much less stringent than what’s required to get a mortgage.
Even though renting-to-own is more popular today, rent to own agreements aren’t standardized the way mortgages are. You’ll see different terms when working with different owners or companies. One option that may or may not apply in each case is the ability to have some of your rent go towards the down payment.
Putting money aside this way for the down payment can be helpful, but rents can also be just a little higher to make up for this. When starting a rent to own home Houston agreement, it’s a good idea to review all the terms carefully and make sure you understand them.
BAD CREDIT/NO CREDIT OK
Are rent to own homes Houston legit?
Rent to own homes are fully legitimate. Before the housing crisis of 2007/2008, rent to own homes were mostly offered by single homeowners. But the increase in foreclosures led to investment firms implementing the model on a larger scale. Today, there are hundreds of rent to own homes in Houston.
Generally, there are two types of agreements: lease-option and lease-purchase. Lease-option agreements are just what they sound like. They give you the option to buy the house or let the agreement expire and move out. Now, if you paid any money towards your down payment during this time, you may not get those payments back.
In a lease-purchase agreement, you’re promising to buy the home at the end of the lease period. You may be legally obligated to purchase the home, even if you’re unable to secure funding. But this type of agreement may have better terms going in.
The purchase price of the home is another area where agreements can differ. For rent to own Houston homes, the price can be calculated at the time of the lease or later at the time of the sale. Sometimes it can be hard to predict where the price of a home will be later on, so it’s hard to say if one of these agreements is better. The main thing is making sure that the rent to own Houston home agreement can work with your financial situation.
Qualifying for rent to own homes Houston
There are a few things that you’d need to qualify for a rent to own Houston home, but these are simple qualifications that most people can meet, like having a source of income.
You’ll want to shop around and make sure you can afford the rent for the new home you want to move into. Rent to own homes Houston are supposed to give you a chance to improve your credit while renting. If the rental payments for the home could make you late on other payments, it might be a good idea to keep looking around. Once you meet basic requirements you’ll be partnered up with a local real estate agent who can help you find the best rent to own homes Houston has available.
Agreements for rent to own homes in Houston can also have what’s called an option fee. This fee is what gives you the option to buy the home later on down the road. The fee is often negotiable and is based on many factors such as how many years you plan to rent, location of the home, and more. But good rent to own Houston home companies won’t require any sort of payment for signing up and applying to see what your options are.
Neil and Cara’s story
Neil and Cara’s story may be similar to yours. They met in college and both graduated, but they were pretty far in debt. They had wanted to pay off some of their student debt before owning a home. Unfortunately, a few years of underemployment went by and they hadn’t made much progress. Their credit scores weren’t so bad, but they knew they could get a better mortgage rate if they waited.
The problem was, they didn’t want to wait any longer to be in a home of their own. Moving every year was a hassle, and they wanted to put roots down. That’s when they decided to go with a rent to own home in Houston.
“The rent to own option let us keep working on our credit scores and qualify for a better mortgage when it came time to buy,” says Neil. “It gave us the right amount of breathing room to get where we wanted to be.”
After the three years of renting, they were able to purchase the home they had chosen with a better rate than they would have if they hadn’t done a rent to own. And that’s the home they still enjoy now.
Rent to own homes are available for people with low scores, but you don’t have to have a bad score to take advantage of rent to own homes in Houston. It can be a great option for people who just want to delay having a mortgage for a little while, but who do want to choose their home now.
Save your dream home for yourself
Another great thing about rent to own homes Houston is that the agreement takes the home off the market. HomebuyerCreator actually lets people choose any home that’s on the market—as long as it’s in a good school district. Once they agree to rent the home, a team of investors purchases the home to take it off the market. The lease begins once the home has closed. This can be between 30 and 90 days after the agreement is put into action.
You may already have a home in mind that you really love. But you may also know it’s too early to buy it right now. It’s possible that there’s a rent to own program that can get you into that house while giving you the chance to get ready to purchase it.
Choosing a rent to own home in Houston is like taking the house for an extended test drive. You’ll live in it. You’ll get to know it and the neighborhood around it. You can make sure that the commute to work is doable day after day. And you’ll also get to know the faults of the house.
In many rent to own homes Houston agreements, you won’t be responsible to make repairs on the home. But you will see what’s needed to be done. Depending on the contract, you may also be required to do light maintenance of the home: mowing the lawn, cleaning gutters, raking leaves, etc.
But if you plan on owning the home, you can already think of it as your own home once you rent it. That’s not the case in a conventional rental agreement. In normal rental agreements, you don’t have a right to buy the property at all. The owner can also sell the property at any time and ask you to leave. With rent to own agreements, that can’t happen. The owner of the home has agreed to let you be the only one with the right to buy the home.
Affordable 3 Bedroom Homes Available
Rent to own homes let you postpone a mortgage
Not every time is the right time to start a mortgage, but maybe you want one in a couple of years. Rent to own homes in Houston allow you to take a few years to prepare yourself before starting a mortgage.
Another big advantage of this is that you can take some time to save for a down payment. Think of the kind of down payment you’d be able to give now and compare that to what it would be a few years down the road. Chances are, you’d be able to have more money saved up in a few years time. And since you don’t own the home right away, you don’t have to pay property taxes up front. You can take some time to prepare for them later on.
The whole time you’re saving up for a down payment, you’re also living in the home and enjoying it. You don’t have to be waiting and wishing to live somewhere else when you’re already in the home that you want.
Raise your credit with rent to own homes Houston
A rent to own home agreement gives you some time to raise your credit before getting a mortgage. And you can raise your credit a significant amount in just two or three years. The prospect of owning your own home can certainly help create good financial habits and encourage you to tie up loose ends with your credit history.
Things that you can do to boost your score include maintaining a good debt to income ratio, making payments on time, and seeking credit repair.
Also, it’s a good idea to take some time and go through your whole credit report—not just look at your credit score. That way you can see if there are any errors or if you’ve been a victim of identity theft. Thieves can open new accounts in your name and the only way you’d know is by checking your credit report.
Before you sign a contract
It’s always a good idea to sit down with a real estate attorney if you are unsure about anything in a rent to own home contract. It would be better for everyone involved to re-work details now than find out there’s an issue later on down the road.
Rent to own homes Houston provide a great chance for people with less-than-stellar credit to secure the home they’ve been wanting. You can get into a new home without paying a down payment and take a few years to save up for one. And when you make the decision to go ahead with the sale, you’ll already be confident that you’re in the home you want.
The process for applying is much easier than getting a mortgage, but it can vary by location and company. Many people with bad or zero credit are able to qualify. With the advantages that rent to own homes give to prospective home buyers, we can expect that they’ll continue to be an option into the future.
Are These Craigslist Rent To Own Homes?
No, our lease to own homes program is not affiliated with other companies advertising their rent to own programs via Craigslist.
How Do I Apply?
To apply for our rent to own home program simply visit our contact us page to requests a call or call us at (713) 268-0895. Our friendly home-buyer consultants are on standby to assist you with the application process and help answer your questions. Our staff is available Monday – Friday from 9 AM CST – 6 PM CST.
Where Are Rent to Own Homes Listings Located?
We have rent to own homes available throughout the Greater Houston Area.
We have homes available in the following areas:
Sugar Land, TX
League City, TX
The Woodlands, TX
Deer Park, TX
Lake Jackson, TX
La Porte, TX
Missouri City, TX
Texas City, TX
Where Else Is Rent to Own Available?
Our program is available throughout Texas. We have homes available in Dallas, Fort Worth, Austin, San Antonio, Corpus Christi and surrounding cities for each metropolitan area.