RENTERS TO OWNERS PROGRAM
What is the Renters to Owners Program?
The Renters to Owners Program is an outlet for creating future first-time homeowners. It focuses on making single-family homes available for purchase for potential buyers in the near future, who may not qualify to buy a home at this current time. The Renters to Owners Program provides the option to turn tenants into homebuyers.
What is the Process of Renters to Owners Program?
Fill out an Application
Provide all required valid forms of identification as part of a formal rental leasing process
Verify employment, income, credit, CORI and background check
Work with a representative to help identify the home of your choice once all required documentation has been approved to complete the process
Benefits of the Renters to Owners Program:
Homeownership Opportunities for Renters
Many renters aspire to become homeowners but may face obstacles such as saving for a down payment or qualifying for a mortgage. The Renters to Owners program can provide them with resources and support to overcome these barriers, making homeownership more accessible.
Financial Stability
Homeownership can provide greater financial stability compared to renting. With fixed mortgage payments, homeowners can better plan their long-term finances and build equity in their homes, which can serve as a valuable asset.
Potential Tax Benefits
Homeownership comes with potential tax benefits, such as deducting mortgage interest and property taxes from taxable income. These tax incentives can help homeowners save money in the long run.
Frequently Asked Questions
How Do I Qualify?
1. Solid employment history
2. No past evictions
3. Pass all necessary background checks
4. Fulfill all proper documentation requirements
5. Provide Option-To-Purchase payment which will count towards your total purchase price when you buy
6. No 1st month's or last month's rent is required
What Makes This A Good Option?
1. This program gives tenants a chance at being able to own their own home, without having to pay a landlord anymore
2. Tenants may now put their money into a property they can call their own
3. Becoming a homeowner means you are no longer restricted from making upgrades and changes to your living space. Make your new home as comfortable as you like, even during your lease term
What If I Change My Mind?
There is no obligation to purchase the home after your rental lease has expired
Contact Us
RentersToOnwers@MarkedRentalsLLC.com
+1 978-641-3652
RealEstate@MarkedRentalsLLC.com
Phone
+1978-641-3652
Address
57 Wingate St. Haverhill, MA 01832
United States
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