Frequently Asked Questions

1) How does your Rent-to-Own Program work?
  • Our Rent-to-own Program provides you with the opportunity to lease a home while having the exclusive right to purchase it in the future. This option is highly beneficial as it gives you the time you may need 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. 100% of your option fee/down payment is credited toward the purchase price of the home. Additionally, paying your lease on time may make you eligible for a monthly credit towards the purchase price.
  • 2) Do I have to pay an additional/hidden fee to buy a house from the Path to Home Ownership program?
  • No, there are no extra fees involved. You pay the market rent and house price without any hidden fees. Furthermore, a portion of your on-time rent payments is credited towards your down payment pool, allowing you to build equity towards home ownership without any extra costs. The accumulated amount in your down payment pool will be 100% used towards your down payment whenever you're ready to purchase the house.
  • 3) Can I buy a home if I have bad credit?
  • You can’t through conventional lenders, but you can with our help. We can setup owner financing or by creating Rent-to-Own situations to help improve your credit over time. We also work with mortgage brokers who may be able to arrange a loan for you.
  • 4) The home I wanted has been sold, can you find me another one?
  • Absolutely! We recognize the strong demand for our homes. To ensure you stay informed about our available properties, we encourage you to join our program and receive regular updates. Additionally, as a program member, you can receive exclusive assistance in locating your desired home from the broader market. Our commitment is to help each program member find their perfect home, regardless of the timeline.
  • 5) What is the interest rate on your Seller Finance/Bond for Deed program?
  • As we are not bankers or a financial institution, we offer flexibility in our terms to accommodate your specific needs. Our interest rates typically range from 7.5% to 10.5% depending on your down payment and application. All credit is accepted and applications are necessary to verify income and employment.
  • 6) What other methods of down payment/option fee are accepted?
  • Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment, you can use that with our programs. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties. We also accept trades.
  • 7) I have other questions, where I can get the answers?
  • Please feel free to email/text/call us. Our email is info@ownership.com, phone number is (985)272-1328.