Rent-to-Own your Home program

Can't qualify for a mortgage? Our Rent-to-Own Program allows you to purchase a home today without having to meet the typical qualifications required by conventional lending institutions. It is specifically designed to help people who are having difficulty obtaining conventional financing. If you can afford a reasonable monthly payment, this program might be for you!

Renting to own is not as difficult as you may think. A rent-to-own program is simply a lease with an option to buy. You pick the home, rent it for a fixed period of time (typically 2-3 years), then have the right to buy the home for an agreed upon price if you choose to do so.

Basically, an investor will purchase the home of your choice. You would then rent the home back from them, and purchase it at a later date. This gives you time to save up for a larger down payment, time to clean up past credit problems, or time to sell another home. A portion of your monthly rent payment goes towards rent and the other portion goes towards the down payment of the property.

1. Monthly Credits: Monthly credits will go towards your down payment. Each month you will be saving money towards the purchase of your home. This helps you to build equity in your home while waiting to qualify for a traditional mortgage. No more wasting your money on rent!
2. Credit Rating: You will work to improve your credit score during the rental period. This will make it easier for you to obtain financing when you are ready to purchase.
3. Move in Now: Instead of waiting to qualify for a traditional mortgage, you can move into your home now and then qualify with a bank later.
4. Test Drive: Since you don’t officially own the home during the rental period, you get to see if the home is right for you. You are not obligated to purchase if you change your mind.
5. Home Appreciation: Improvements you make on your home during the rental period will increase the value of the home above the final price. This increase is yours to keep because you’ve locked in your purchase price.

This program is best suited to people with the following criteria:

• Lack of funds for down payment
• Self-employed
• Good income, but lack of established credit history
• Good income, but poor credit rating
• Credit challenges due to past circumstances such as job loss, divorce, bankruptcy, or health issues
• Consumer proposals
• Bankruptcy

The Atalick Team wants to help you become a homeowner! The rent-to-own program is a tremendous opportunity for people who are looking to buy, but just need a little extra help to get things going. We truly understand that life’s circumstances should not prevent you from realizing your dream of home ownership.

For those do have good credit but just don't have the funds for a downpayment, you might want to consider a no money down home financing arrangement. YES it's true we can still arrange a no down payment home purchase financing arrangement through our St. Catharines Mortgage Broker.

Stop being a tenant and invest in your own future! Contact us today for more information on our Rent to Own Home Ownership Program and other exciting financing options!