WHO IS THE RENT-TO-OWN PROGRAM FOR?

The Rent-To-Own program is ideal for people who have good incomes and have saved up at least $10,000. But if they tried to get a mortgage from the bank today, they would get rejected because of low down payment or credit scores. Our clients have included divorcees, newcomers to Canada waiting for their PR status, people that just completed a consumer proposal, and multi-generational families with 3+ wage earners.

 MINIMUM REQUIREMENTS:

  • Income: At least $90K combined income (for homes starting at $300K)

  • Debt: Less than $10K 

  • Savings for a Down Payment: At least $10K

 HOW DOES IT WORK:

  • Qualify for Home:  Applicant is qualified and assigned a budget

  • Find Home: Applicant works with their realtor to find a home they like within the budget

  • Purchase Home: The Rent-To-Grow team will purchase the home

  • Earn Home: Applicant lives in that home for 3 years and improve their savings and credit score

  • Own Home: Applicant buys the home and take ownership

During these 3 years, the applicant will not have to worry about rent going up or the landlord selling the house. And they get to live in the home they’ll eventually buy!

Interested? Fill out the form on the right to find out if you qualify!