Before a tenant signs a lease for a home the landlord does not want to sell as a “lease to own”, prospective tenants/clients do have options to the path for home ownership. There are several companies they can work with who specialize in “lease to own” programs. Clients can reach out to the following companies for more information.
Divvy Homes partners with renters/buyers who want to become homeowners but are unable to get financing. They allow renters to choose a home they would like to one day own, make a small down payment, move in and make monthly payments. All of this is done so that the renter/buyer can earn equity in the home over a few years. Within that period of time, the renter/buyer ideally will have bolstered their credit scores, earned equity in the home and can become eligible for financing. For more information they can reach out to Divvy Homes:
Divvy - https://www.divvyhomes.com/
There are other options as well for other companies who provide this service to a renter/buyer for a “rent to own” program. Here is more information:
Home Partners of America - https://www.homepartners.com/
Ribbon Homes - https://www.ribbonhome.com/
Lease to Own - http://www.floridaown.com/lease-to-own/
Clients can work with their agent who can assist them with the paperwork and process.