At Collova Builders, we understand the difficulty in being able to afford or qualify for a new home, especially in today's economic climate. That's why Collova Builders has introduced the rent-to-own home option.
An ideal candidate for a rent-to-own home is able to make regular monthly mortgage payments based on the amount of the home, typically ranging from $1,000-$1,500 per month. Although not necessary, candidates should include a down payment of 3% of the home.
The main difference between a rent-to-own home and financing through a bank is the qualification process. Mortgage types and terms are generally similar, however, you do not have to qualify through a bank.
If you are unsure if you may be a candidate for a rent-to-own home from Collova Builders, please contact us.
