Week 6: Rent-to-Own – The Path to Homeownership for Those Stuck Renting

Homeownership is out of reach for millions of people due to:

• High down payment requirements.

• Strict credit score qualifications.

• Rising home prices.

Our rent-to-own program provides an alternative.

How Rent-to-Own Works

1. You rent a home while a portion of your payment goes toward eventual ownership.

2. You build equity without needing a huge down payment upfront.

3. After a set period, you buy the home with a reduced mortgage balance.

Case Study: From Renter to Owner

Maria wanted to buy a home but only had a 580 credit score and no down payment. Through rent-to-own, she:

• Built her credit to 680 in 2 years.

• Accumulated $15,000 toward home equity.

• Qualified for a mortgage at a lower interest rate.

Now, she’s a homeowner, building wealth instead of paying her landlord’s mortgage.

Your Turn

Would you consider rent-to-own? Why or why not? Let’s discuss!