Q. How do your Rent-to-Own & Lease/Option program work?
A. You start by renting the home you would like to buy and also pay an “option deposit” for the right to buy it before or at the end of your lease.
Q. What is an Option deposit?
A. The option deposit gives you the right to buy the home, and sets the sale price. When you buy the home, the option deposit is returned to you for the down payment, closing costs or anything else you need.
Q. What if I don’t have enough money for the Option Deposit?
A. You can start as a renter, and convert to rent-to-own later. You can make extra payments each month to get the Option Deposit.
Q. What if my credit isn’t good enough for a mortgage?
A. Our finance & credit specialist will work with you to improve your credit and develop a plan to complete your home purchase.
Q. What if I can’t buy the home in time?
A. You can request an extension that is reviewed on a case-by-case basis. Typically, if you’ve been on time, and making good progress, we will work with you on the extension.
Q. What if I don’t buy the home?
A. The lease terms apply through the end of lease.
Q. Can I get my Option Deposit back?
A. No, the option deposit is non-refundable if you do not buy the home.
Q. What if something in the home breaks?
A. The majority of our homes are fully rehabbed and all are warranted against defects. If something breaks within 60 days, we fix it. After 60 days, you pay the first $250 and we’ll pay the rest.
Q. Where are your homes?
A. Our homes are all in Dayton, Ohio and the surrounding area.
Q. What if you don’t have a home I want?
A. Get on our waiting list, and we will find you a home that meets your needs.