Rent to own houses in Grand Rapids and Kalamazoo are a wonderful way to get on the road to home ownership.  While there aren’t tons of these available (they tend to move quickly!), there are many advantages to this type of property.

First, you can move into a great house right away, and have a clear path to ownership.  Rather than renting one place, while you look to buy another, you get a very convenient two-for-one deal.  Secondly, if you don’t currently qualify for a mortgage, you can still live in a great house while building up your credit and down payment.

There are several other perks.  You can try out a neighborhood before you fully commit to it, and make sure the schools are right for you and your family.  You can take care of a home as if it’s your own, and really make it feel personal.  The list of benefits goes on and on.

So how do you qualify for rent to own houses in Grand Rapids?  While the conditions will vary based on the seller, here are a few basic guidelines to get you started.

 1.  Solid Income

Rent to own properties are rentals, but you also have the option to purchase it at some point in the future.  Therefore, the seller will want to see that you can consistently make payments.  If you have proof of reliable income and solid payment history, that is a great start. Continue reading “How to Qualify for Rent to Own Houses in Grand Rapids” →