Rent to Own Homes for Sale By Owner - Lease Option Houses

FAQ

How Does Your Rent to Own, Lease Purchase, and Lease Option Programs Work?

We give you the ability to search through the nation's largest database of homes for rent by owner that give you the exclusive right to purchase it at a later date. Our buyers love the programs because it gives them time to save up for a larger down payment; time to clean up past credit problems, time to sell another home, and also time to try out the neighborhood before buying. With rent to own houses, the owners are obligated to sell to you; however you are not obligated to buy. 100% of your option fee is credited towards the purchase price of the home, plus you may be eligible to receive a credit of the monthly payment towards the purchase price every month you pay your lease on time.

How Does the Financing Work?

We connect you with sellers of rent to own homes for sale by owner nationwide with owner financing where you can buy a home without having to qualify at a bank. Instead of getting a traditional loan, you make payments to the seller who acts as the bank.

What Is The Interest Rate On Owner Financed Homes?

While every seller is different in what they offer, the typical interest rates range from 6.5% to 9.5% depending on down payment and application strength. All credit is accepted and most of the time applications are necessary to verify income and employment.

How Much Down Payment is Required for a Rent to Own, Lease Option, or Owner Financed Home?

While ever seller is different in what they require, a good baseline for a house for Rent with the option to buy is 1-3% of the purchase price, with the down payment increasing up to 10% as you get into an Owner financed home. Some sellers will even start you out in a house for rent, then move to a rent to own, or lease option, and then on to owner financing at a later date when you have the additional money and a proven track record with the owner.

What Other Methods Of Down Payment Are Accepted?

Unlike most lending institutions, sellers may accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment you can typically use that. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties. Some sellers may also accept trades.

What Is The Difference Between USLeaseOption.com and Other Homes For Sale By Owner Sites?

Here at USLeaseOption.com, we focus on finding you the right home for you and your family. We specialize in rent to own homes, lease option homes, and homes for sale by owner with owner financing. Additionally, we offer foreclosures and other great house deals that can be bought at great discounts. With lenders making obtaining a home loan more difficult, buying with a rent to own program is becoming more popular.

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Where can I learn more about Rent to Own homes?

Builders Commend White House Focus on Helping Homeowners

The National Association of Home Builders (NAHB) commends President Obama for offering proposals in the recent State of the Union address to help families stay in their homes and stanch foreclosures, and is urging policymakers to take additional actions to …

Look for Continued Housing Market Recovery in 2012

The end of 2011 brought good news on the nation’s economic front, with unemployment in December falling to its lowest level in three years and the economy adding 200,000 jobs during the same month.

Dave Liniger, chairman and co-founder of …

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1970 E. Osceola Pkwy, Suite 372

Kissimmee FL 34743

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