What Is Pathway?

Rent-to-own has emerged as a popular alternative pathway to homeownership and many of my clients that are interested in pursuing it typically have questions. I wanted to answer some of the most common questions for you quickly. 

What is rent-to-own, and how is it different from a traditional lease? 

Unlike a traditional lease, rent-to-own gives you the ability to buy the home when you’re ready. Plus, all the homes are brand new, and you’ll have support along the way, giving you a clear path to ownership. It’s a great option if traditional financing doesn’t fit with your current needs. 

What are the requirements for the rent-to-own program you partner with?

•  The household average (not minimum) of all applicant TransUnion Resident Scores must be 600 or higher.
• Household gross income must be 3x rent.
• A satisfactory background check must be completed for all applicants.
• Exclusive perks and benefits are available for essential workers.