How Does it work?
Right now you're just a few steps away from owning your dream home. A Home In Time will help you find the home you want to buy based on the information you provide us. Once you decide on a home, we'll create your Rent To Own agreement and you can move right in. At the same time we will create a relationship between you and one of our Lender Partners. The lenders we work with are committed to helping people just like you become home owners. They'll review your credit, tell you what you need to do to qualify and work with you until you do. As soon as you qualify for the mortgage on your Rent to Own Home, we close on the sale and you own it. It's that simple. The wonderful thing about renting to own is that you have the opportunity to live in the home of your dreams now  while you work toward getting your mortgage. To get the ball rolling simply fill out the Buyer Profile and Application on this web site and hit submit.

Do I qualify?
Most often the answer is yes! You'll need to have a good source of income and a burning desire to own a home. Although we need to see your credit we won't be qualifying you based on it. We expect that you may have a few things to work on and that's something we are here to help you with. There are many reasons why people don’t yet qualify for a mortgage. Poor credit scores, too much debt, not enough down payment, not enough time on the job…. The list goes on. In most cases these kinds of problems can be overcome within six months to two years. We’ll introduce you to lenders that specialize in credit analysis and repair. They'll tell you what you need to do to qualify for the mortgage you need to buy the home and they'll work with you until they get it done. You can do it… And we can help!

How much will the house cost?
The purchase price of your Rent to Own home is based on current market values.  And your purchase price is guaranteed in writing on your contract!

Will I need a down payment?
Yes, as a Rent to Own buyer you will be required to provide a down payment on your property the same day you sign your contract. This down payment is typically  2.5% of the homes purchase price. The down payment is credited back to you when you close on your loan. The great thing about  your down payment is that you’ll have additional equity in your home which will help your lender get you approved.

Here's what to expect:
2.5% on a $100,000 home is $2,500
2.5% on a $200,000 home is $5,000
2.5% on a $300,000 home is $7,500
2.5% on a $400,000 home is $10,000
2.5% on a $500,000 home is $12,500
(All figures are approximate)

What will my monthly rent be?
Rents vary from house to house and from city to city. Your rent is based on the property’s total current monthly expenses. The monthly rent is predetermined and outlined in your contract.

Here's what to expect:
Rent on a $100,000 home will be approximately $1,250
Rent on a $200,000 home will be approximately $2,200
Rent on a $300,000 home will be approximately $3,250
Rent on a $400,000 home will be approximately $4,250
Rent on a $500,000 home will be approximately $5,250
(All figures are approximate)

Does any of my rent go toward the purchase?
Approximately .05% of your monthly rent will go toward your down payment. This is typically several hundred dollars per month. Although this is a relatively small amount of money, it does add up and it will help you qualify for your loan.

Who maintains the house?
There’s no better time than the present to begin getting used to being a home owner. As a Rent to Own buyer, you will be required to take care of all general maintenance of the property. The property is provided to you in “as is” condition and you will be asked to do a thorough inspection prior to entering into the contract. As the buyer you will be responsible for any small or major issues that may arise during the life of your contract.

Can I make improvements and changes to my house?
Yes! Treat the property as your own. You are welcome to make improvements if you care to. This is going to be your home and anything you can do to improve its value will come back to you in the end. If new paint, carpet, and other updates will make you more comfortable in your home, we welcome you to make these changes. Of course we will need to approve any of these updates and we will require that all work to be done by licensed professionals.

What if I fail to make rent payments?
It is expected that you honor the contract and that you make your payments in full and on time. Failure to do so will constitute a breach of the contract resulting in an eviction and the loss of your down payment. Only enter into this contract if you are absolutely sure you can afford the payments. We don’t want to see you fail. Your integrity and accountability are presumed and expected.

What if I can’t get a loan in the predetermined time?
If you are working with a lender and you are following the recommendations they have outlined for you, we assume that you will qualify within the stated terms. We may extend your agreement however to give you more time as long as you have been meeting the terms of the Rent To Own agreement.