Are-Lease-to-Own Homes Real?

Yes, Lease-to-Own is a legitimate path towards Home Ownership. In fact, this path is becoming more popular each year with hundreds of thousands of individuals/families seeking alternative paths to Home Ownership due to financial position, credit, work history or legal status. Lease2OwnAmerica™ has a proven, transparent and easy-to-follow program; we operate in multiple U.S. states serving thousands of individuals/families who are enjoying a path to Home Ownership.

How do I find Lease-to-Own properties?

You can search and find Lease-to-Own properties through several avenues and a growing number of organizations offer this unique, affordable and friendly path to Home Ownership. Lease2OwnAmerica™ patrons visit us as ‘walk ins’ at our Oklahoma City Headquarters, reach us through Social Media and call us via friends and referrals. But the easiest and quickest way to look for your Dream Home is to use our custom website. Our property inventory showcases homes typically ranging in price from $50,000 to $550,000 and represents cities in many U.S. states.  

To see a list of available homes, click here.

Do I need a realtor to Lease-to-Own?

No, you do not need a Realtor to Lease-to-Own. Lease2OwnAmerica™ employs trained, dedicated Leasing Specialists who are waiting to work with you! To connect with a trained and seasoned Leasing Specialist, click here. Can Realtors help me find Lease-to-Own homes? Yes, you have the option of using a licensed Realtor to help you find a Lease-to-Own home. Lease2OwnAmerica™ has a valued, long standing relationship with the Realtor community. In fact, we will compensate your Realtor when they refer you to our program!  Click here for more information.

How do you Lease-to-Own a home?

To Lease-to-Own a property, first, browse the Lease2OwnAmerica™ website and social media platforms for a desired home in your area. To initiate the Lease-to-Own purchase within the Lease2OwnAmerica™ program, connect with us and/or fill out the simple application and get approved. Then, upon finding your Dream Home, pay at least 5% of the agreed upon Purchase Price (which never increases or escalates – unlike our competitors), make the monthly Lease Payments and annual Option Payments per the Agreement schedule. That’s it! You
just entered our most popular Home Ownership program.

See helpful Explainer Video.  

What are the steps to Lease-to-Owning a home?

The Lease2OwnAmerica™ team is committed to our customers’ success in Home Ownership. We strive to deliver more value, better service, and constant innovation through our popular program. See the 6 Easy Steps for entering the Lease2OwnAmerica™ Lease-to-Own program.

Step 1. Connect

Click here for your 10-Second Pre-Approval. It’s simple and fast.

Step 2. Apply A Lease2OwnAmerica™ Specialist will contact you and get to know you, your family and your goals of Home Ownership. Prepare to meet your new best friend.

Step 3. Find Find your Dream Home anywhere in the U.S. We will help you determine how much home you can afford.

Step 4. Sign Sign a short term Lease Agreement (typically four years) as well as the Option to Purchase Agreement.

Step 5. Make Payments Make the monthly Lease Payments and the  annual Lease Option Payments.

Step 6. Become a Homeowner! By following steps 1 through 5, the Tenant/Buyer will be in a position to enter a Contract for Deed or apply for a mortgage

Click on ‘How it Works’ for a comprehensive explanation.

What does it cost to Lease-to-Own a home?

Good News! The Lease2OwnAmerica™ team wishes to set you on an affordable path to Home Ownership! The cost of Lease-to-Own is directly correlated with the Purchase
Price of the Property. In our popular program, the property’s Purchase Price,
monthly Lease Payment and annual Option Payment  never increases or escalates during the Agreement.
What makes our program unique is the Purchase Price actually decreases as we
apply the annual Option Payment!

Click on ‘The Math Matters’ for a comprehensive explanation.

What are the benefits to a Lease Option (Lease-to-Own) program?

The popular and proven Lease2OwnAmerica™ program allows individuals to move into their home through a Lease Agreement. While you make your monthly Lease Payments and annual Option Payments, you are building credit and positioning yourself for a traditional mortgage. Our clients enjoy credit repair assistance, do not worry about taxes and insurance, and enjoy centralized collections with online payments and a working relationship with knowledgeable helpful professionals. Or use the BENEFITS  bullet point arrangement below?

The Challenge: Many individuals living in the U.S. cannot receive a traditional mortgage loan (own their own home) for one reason or another. Traditional lenders turn down applicants daily due citizenship challenges, poor credit or no credit, self-employment, debt-to-income ratios and a variety of other reasons.

to individuals within the Lease2OwnAmerica™ program:

► Lease2OwnAmerica™ monthly Lease Payments include tax and

► Lease2OwnAmerica™ monthly Lease Payments often match ‘rent
prices’ in the same area

► Final purchase price of Tenant/Buyer’s home is comparable to
property comps in the same neighborhood

► Lease2OwnAmerica™ ‘Purchase Option’ payments never escalate (increase) and are offered at zero interest

► Lease2OwnAmerica™ has adopted a user-friendly Credit Check much less stringent than traditional banks

► Lease2OwnAmerica™ Tenant/Buyers qualify to own their own home in three to four years (average)

► Lease2OwnAmerica™ Tenant/Buyers earn a $500 bonus when referring a successful Friend or Family Member to the program

Check out ‘Key Considerations’ for more information.

Is there value in my annual Option Payment?

Yes, while not technically ‘equity’, Option Payments made under the
Lease2OwnAmerica™ Agreement have value. These payments apply towards the
Purchase Price of your home and ensure that our Tenant/Buyers do not owe MORE
for a home than what the home is WORTH.

Check out How It Works.

How important is my credit score?

Lease2OwnAmerica™ qualifies applicants on simple terms with the intent of helping thousands of individuals living in the U.S. own their own homes. Because our organization is not FDIC regulated or under the same restrictions as banks, credit unions and mortgage  lenders, we have a 98% client approval rate. While we do check credit scores, they are not the primary factor in our underwriting process. In short, we aim to match individuals with their Dream Home by becoming a Lease-to-Own Tenant/Buyer…and provide a transparent, easy and straightforward path to Home Ownership.

How much is rent in a Lease-to-Own home?

The rent (monthly Lease Payment) is largely determined by the Purchase Price of the home. You can assume the rent (monthly Lease Payment) to be within 8% and 12% of the property’s Purchase Price [sample: monthly rent on a $100,000 Purchase Price may reflect $1,000 per month]. Importantly, we find Lease2OwnAmerica™ program’s Lease Payments (also known as ‘rent’) near or below rent rates managed by landlords in any given area. The path of Home Ownership is not burdensome or difficult through our proven, transparent and affordable Lease-to-Own program.

Experience the Difference.

Is Lease-to-Own safe?

Real estate transactions of all types can have risks and it is the
consumers responsibility to educate themselves before entering into any
contract. Lease2OwnAmerica™ takes the position that
it is our duty to fully inform and make clear our Agreements, the benefits of
the Program AND the consequences that can come from not adhering to the terms
of the Program. Furthermore, Lease2OwnAmerica™provides consumer education geared
toward the Lease-to-Own industry as a whole. We want you to be informed and
comfortable with any Lease-to-Own Agreement!

For a more detailed explanation, download free e-book.

How do I qualify for a Lease-to-Own home?

Every applicant has different circumstances; however, there are usually set underwriting qualifications that must be met to enter into a Lease-to-Own program. At Lease2OwnAmerica™, an applicant’s qualification is measured by underwriting criteria and we have a 98% approval rating. Qualifying factors are weighted more on income, rent history and work history than credit score and criminal record. In most cases, the household income must total 3X or more than the financial obligation of the monthly Lease Payment  plus have the ability to make the annual Option Payment.

What does it mean to Lease-to-Own a home?

Leasing-to-Own a home means that you are currently leasing a home with the intent of buying it (ultimately converting to a Contract for Deed or traditional mortgage). At Lease2OwnAmerica™, you enter an Agreement to pay the monthly Lease Payment (rent) and the annual Option Payment. By making these payments, you are leasing your way into a favorable position (20% paid toward agreed upon Purchase Price) versus renting.

Bonus: By paying on time, you are often building or restoring your credit score.

Check out How It Works.

What is a Lease-to-Own option for a home?

A Lease-to-Own option is a Lease-to-Own contract, through which
you lease the home for a certain period of time from the seller (often a
Lease-to-Own organization) with the option to purchase the home at the end of
the agreed upon schedule. However, you are not required to purchase the home. The
Lease-to-Own option for a home is a form of Lease-to-Own, which means, in
addition to monthly Lease Payments (rent), you pay an annual Option Payment that
is applied to the original and agreed upon Purchase Price.

The Lease Option is what ensures the unilateral contract between
the buyer and  the seller, in which the
seller must sell to the buyer at the agreed upon terms and cannot sell to
anyone else; however, the buyer merely has the option, not the requirement, to
buy at the end of the Agreement schedule.

For a more detailed explanation, download free e-book.