Saving for a Down Payment with Rent-to-Own
You’ve been working hard to save for a down payment for your next home, but you can’t seem to save enough to meet that minimum 5% threshold if not more depending on your situation, especially in uncertain economic times. You might be wondering, “can you save for a house while renting?” The answer is yes! At JAAG Properties, we’ve worked with countless clients just like you—hard-working people who dream of homeownership but have trouble qualifying for a traditional mortgage.
Our Rent to Home Solution is designed to allow you to live in your new home while saving for your down payment.
The Benefits of Rent to Home Solutions
In our Rent to Home Solution, you can live in your new home while saving enough money to qualify for a traditional mortgage. This arrangement offers flexibility, allowing you to test out living in your potential future home while you build your down payment and improve your credit. Rent to Home is especially beneficial in today’s market, where traditional home buying can be challenging for first-time buyers.
Over a term of 36 months, you’ll be on a customized payment plan that will encompass your rent payment, property taxes, property insurance, and a savings credit that will help you build your down payment.
With only a 3% down payment required, our program is the ideal option for families who have been saving for a down payment but need assistance qualifying for a traditional mortgage.
How We Can Help You Become a Homeowner Today
Our Rent to Home Solution offers you professional support and expert guidance every step of the way, ensuring that your journey to homeownership is seamless and stress-free. With our team of experts by your side, you can confidently navigate the path to becoming a homeowner.
Step-by-Step Guide to Our Rent To Own Program
We connect you with real estate agents, if you don’t have one, who can help you shop for a dream home in your budget, and once you’ve chosen your home, you can move in right away. You’ll then be paired with a certified financial planner, who will offer you expert advice and guidance on budgeting, saving, and improving your credit score.
When it comes time to purchase your home, we’ll match you with a trusted mortgage broker to help you through the process. At the end of your 3-year term, you’ll have improved your credit score and saved enough to qualify for a mortgage, all while living in your new home. Congratulations!
Client Testimonials
*I have only good things to say about JAAG! The people are kind and friendly and compassionate. I feel very grateful and blessed to have been able to have the opportunity to buy my first home. They work with you every step of the way. Thank-You JAAG! – Christy
Achieve Your Dream of Homeownership with JAAG Properties
If you’re struggling to meet the 5% down payment threshold, don’t put your dreams of homeownership on hold. Our Rent to Home Solution is an innovative solution that allows you to live in your new home while you save for a mortgage. Apply online or contact us today for more information!
