Rent To Own
Rent-to-own (or lease option) is a great way to get into a home when bank financing just won’t work.
Bad or NO Credit? We Have Rent-to-Own Homes in South Mississippi Available For You!
We acquire houses every month from homeowners who need to sell for one reason or another. Often times we remodel the homes to bring them up to date and up to insanely great shape for a new rent to own tenant/buyer like yourself to move into.
The types of houses we tend to offer on our South Mississippi Rent To Own Home Program include…
Each rent to own house is different, so there’s definitely the perfect rent to own house out there for you.
If you’re tired of renting, and you want to own a home in South Mississippi but your credit, lack of down payment, or income hold you back from qualifying for a normal bank loan… a “rent to own”, often called “lease option” or “lease purchase” may be a great fit for you.
We specialize in helping South Mississippi residents earn the satisfaction of being a homeowner through our South Mississippi Rent To Own Home Program.
Salt and Light Property Solutions LLC offers great rent-to-own houses and apartments in and around South Mississippi… in conjunction with our help to get your credit up so you can purchase the home in as short of a timeline as possible.
Want to know when the best properties hit the market?
“There are many benefits to a rent to own agreement when it’s done with a reputable company like Salt and Light Property Solutions LLC. We’re with you all along the way during the process. Read below to see how the process works!” – Salt and Light Property Solutions LLC
Our local rent to own homes are move-in ready, in good neighborhoods, and often freshly updated. Inquire with us on this site for available properties.
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Complete the following form and we will email you our property list!
How Does A Lease With Purchase Home Agreement Work?
The rent to own process is actually pretty simple.
- Join our property list and tell us what type of home you’re looking for, your budget, etc (START with the form to the right)
- We’ll send you local South Mississippi rent to own / lease option homes that fit your criteria.
- If you like a home and want to apply, we’ll give you an application to fill out. Don’t worry – we help people with all kinds of credit and financial situations, and if you can afford the property, we can probably help you to own it.
- After you’re approved to rent the property, we’ll agree on a monthly rent amount and the future purchase terms. Then just sign the documents and move on in!
- Move in and pay your rent payments on-time… then at the end of the rental agreement, you can decide if you want to purchase the home or not.
THERE IS NO OBLIGATION to purchase the home after the rental agreement expires.
How Long Are Rent To Own / Lease Option Terms?
Your lease/option agreement (also known as the rent to own contract) will spell out the length of time that you have to complete the purchase of the property – typically 3 years, but in certain circumstances we may extend your option if you need more time to get your credit or downpayment up to the point where you can qualify for a bank loan.
The purchase of your home usually takes place through a traditional mortgage loan, but there are other ways to complete the purchase, depending on your finances.
That’s the process!
Once you’ve completed your mortgage, you’re done – now you own your home!
How Does A Rent To Own / Lease Option Work Anyway?
A rent-to-own (also known as a lease/option) agreement might be right for you!
It’s easier than you think – and we can help.
The rent to own process is really pretty straightforward.
Step 1: Submit your info on this website to create a FREE account and let us know the type of house you’re looking for.
Step 2: We’ll look at your situation, the type of property you’re looking for, and show you your rent-to-own options here in .
Step 3: View the local homes that fit what you’re looking for.
Plus, as we acquire new properties each month, as long as you’re on our Rent To Own / Lease Option List, you’ll get email alerts with the latest properties available.
FAQs
In most cases, a rent to own agreement is a contract on a property that works like a lease and leads to a purchase. It’s often called a lease with an option – or a lease/option agreement for short.
The lease portion is a standard rental agreement that includes monthly rent, security deposit, and other typical terms.
The option in the contract gives you the right to purchase the property after a set time period – usually around 3 years. This gives you the ability to save money towards a down payment, repair credit, increase your income, or otherwise improve your ability to qualify for a mortgage.
Most of the time people use a traditional mortgage loan to purchase the property prior to the expiration of the option period, but there are other options if your financial situation has unique needs.
We help lots of folks like you to purchase the home of their dreams.
Fill out the form below to get started on your way to home ownership!
The rent to own process is actually pretty simple.
Once you’ve seen one of our fantastic properties, we’ll give you an application to fill out. Don’t worry – we help people with all kinds of credit and financial situations, and if you can afford the property, we can probably help you to own it.
After you’re approved to rent the property, just sign the lease, pay your security deposit and rent – then move on in!
Your lease/option agreement (also known as the rent to own contract) will spell out the length of time that you have to complete the purchase of the property – typically 3 years, but in certain circumstances, we may extend your option if you need more time.
The purchase of your home usually takes place through a traditional mortgage loan, but there are other ways to complete the purchase, depending on your finances.
That’s the process!
Once you’ve completed your mortgage, you’re done – now you own your home!
First step – sign up to find great properties around South Mississippi just by filling out the form.
You’ll get immediate access to great rent-to-own homes, plus a whole lot more.
Sign up and get started now!
Most of the time, furniture isn’t included with a lease/option purchase.
Generally, the basic appliances are there – like a refrigerator, stove, oven, and sometimes extras, like a dishwasher, a washer, and a dryer. Parts of a property that are installed or attached – like the heating system and air conditioning – are definitely included.
Sometimes, we’ll offer a property that includes some furnishings. Most buyers want to bring their own stuff with them from their previous home, and that’s why furniture is sold separately.
There are many companies out there that provide a rent-to-own service for furniture or extra appliances, and you’ll get lots of choices on styles and types.
But be careful!
Even though rent-to-own real estate can be a great deal, some (not-so-honest) furniture companies will charge you huge amounts for a rent-to-own agreement. You might end up paying 2-3x more for these products than if you bought them outright.
Plus, those appliances will probably go down in value – unlike real estate, which usually goes up in value.
Of course, you want your money to be going to an asset (like your home) that will rise in value, not expensive interest payments on new furniture.
So don’t wait! Fill out the form at the bottom of this page to get started now.
Yes, you can! Many people with bad credit can still get a rent-to-own home.
Every situation is different, but we specialize in helping people who have been through tough circumstances (or just made mistakes in the past) to repair their credit and get started on the path to a great financial future.
Even if your credit is bad, you can still own a property!
One of the major benefits of a rent-to-own scenario is that it gives you time to repair your credit before you purchase your home. You’ll enjoy many of the benefits of home ownership while you’re rebuilding your credit and saving money towards a down payment.
So fill out the form at the bottom of this page now and get your piece of the American dream!
There are a lot of benefits of a rent to own agreement!
In the South Mississippi area, lots of smart people are using rent-to-own agreements as a way to get the home of their dreams without having to qualify for a bank loan right away.
In the past few years, banks have been very tight on their lending criteria. Most people who use a rent to own agreement want a few years to get ready to qualify.
Here are a few more reasons to use a rent-to-own agreement:
- Try before you buy! You get to live in your rented home before you actually purchase it, allowing you to make sure it’s actually your dream home. If you don’t like the house, you don’t have to complete the purchase.
- Own without great credit or a big down payment. You can start feeling like a homeowner right away while saving up and improving your credit.
- Privacy. You’re not listed as the purchaser on any public records until the closing takes place, giving you years of privacy.
- Move in fast. Since you don’t have to wait for a mortgage, you can often move in right away – and get started living a new life in the home of your dreams!
So don’t wait! Get started now by filling out the form at the bottom of this page.
Not right away!
You don’t have to have a down payment until your purchase is complete (typically 3 years). However, there is usually an amount due upon move-in and execution of the option to purchase agreement.
Just like any other lease agreement in South Mississippi, there may be a security deposit and a small application fee in addition to the fee upon move-in. Of course, you’ll have to pay rent each month.
We can help you to structure the perfect scenario to meet your needs. We’ll show you the rent-to-own calculators and formulas that we use when we prepare your agreement, and help you figure out what’s best for you.
So don’t wait! Get started now by filling out the form at the bottom of this page.
We know that every person, family, and situation is different.
We do our best to help you uncover creative solutions to help you own the home of your dreams.
Once you’ve had a chance to check out the house, you’ll fill out a rental application that will include detailed information on everyone living in the home.
We’ll conduct a credit check and verify the income(s) for everyone over 18 who is living in your household to confirm that you’ll be able to make your monthly payment.
People with bad credit, no credit, limited cash available, and other financial situations have all been able to lease then purchase their perfect piece of real estate.
We’ll speak with your references and previous landlords because relationships matter to us more than just scores assigned by a computer.
We love helping great folks to reach their dreams, so don’t be afraid – fill out the form below to get started!
