Homes Rent to Own Program is an easy way for Rent to Buy Option and move in a property when you cannot
immediately qualify for a mortgage and also if you don't want or cannot procure a property through renting.
It's sort of a worst case scenario i.e. you cannot get a mortgage for now, not wanting to rent and you are having trouble
procuring a place to rent because of your circumstances, Rent-To-Own Real Estate is then one of your best options.
Our Mortgage brokers will first review your upto date credit score, present income levels and current debt to figure out in how many number of years you will qualify for a mortgage and for what amount in order to buy with Lease Option to Purchase.
Presently there are NO Rent to Buy Homes Listings with no down payment.
Minimum down payment is $10,000 for properties upto $250,000.
Minimum down payment above $250,000 properties are 4% of purchase price.
Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
Information is deemed reliable but is not guaranteed accurate by TREB.
Toronto Real Estate Board - IDX Last Updated: 8/25/2019 8:30:53 AM