Are you tired of renting without building equity? Do you dream of owning your own home, but struggle to save for a down payment? DreamAmerica is here to help with our unique rent-to-own program in Tampa, FL.
Our program allows you to rent a home while also building equity towards the eventual purchase of that home. With DreamAmerica, you can turn your dream of homeownership into a reality.
How does it work?
First, you choose one of our available homes in the Tampa area that meets your needs and budget. Then, you sign a lease agreement for a set term, typically 3-5 years. During this time, a portion of your monthly rent payment is set aside as a credit towards the eventual purchase of the home.
For example, if your monthly rent payment is $1,500 and 25% is set aside towards the purchase of the home, you would accumulate $4,500 in credits towards the purchase each year. After three years, you would have $13,500 towards the purchase of the home.
At any point during the lease term, you have the option to exercise your right to purchase the home. If you choose to do so, your accumulated credits would be applied towards the down payment of the home, making it easier to obtain financing.
Why choose DreamAmerica?
At DreamAmerica, we understand that the traditional path to homeownership can be difficult for many people. Saving for a down payment can take years, and qualifying for a mortgage can be challenging, especially if you have less-than-perfect credit.
Our rent-to-own program offers a solution to these problems. By allowing you to build equity over time, our program makes it easier to qualify for a mortgage when you’re ready to buy. Additionally, our program is open to people with all credit types, so even if you’ve had credit issues in the past, you may still be able to qualify for our program.
Furthermore, our program offers flexibility. You have the option to purchase the home at any point during the lease term, giving you control over the timing of your home purchase. Additionally, if you decide not to purchase the home at the end of the lease term, you’re under no obligation to do so. You can simply walk away, having built equity over the term of the lease.
Why Tampa, FL?
Tampa is a vibrant and growing city with a strong job market and affordable cost of living. It’s a great place to raise a family, with excellent schools, beautiful parks, and world-class attractions like Busch Gardens and the Florida Aquarium.
DreamAmerica has a variety of homes available for rent-to-own in Tampa, from cozy bungalows to spacious single-family homes. No matter what your needs are, we have a home that will meet them.
In addition to our great selection of homes, we offer exceptional customer service. Our team is dedicated to helping you achieve your dream of homeownership. We’ll work with you every step of the way, from selecting the right home to exercising your right to purchase.
Are you ready to make your dream of homeownership a reality? Contact DreamAmerica today to learn more about our rent-to-own program in Tampa, FL. We’re here to help you achieve your dreams.
Rent-to-Own Program: A Path to Homeownership
For many people, the path to homeownership can be a difficult one. Saving for a down payment, qualifying for a mortgage, and finding the right home can all be daunting tasks. However, a rent-to-own program can provide a solution.
A rent-to-own program allows you to rent a home while also building equity towards the eventual purchase of that home. A portion of your monthly rent payment is set aside as a credit towards the down payment of the home. This credit accumulates over time, making it easier to qualify for a mortgage when you’re ready to buy.
Conclusion
Additionally, rent-to-own programs are often more flexible than traditional home purchases. You have the option to purchase the home at any point during the lease term, giving you control over the timing of your home purchase. Additionally, if you decide not to purchase the home at the end of the lease term, you’re under no obligation to do so.
Rent-to-own programs are a great option for people who may have difficulty qualifying for a traditional mortgage due to credit issues or lack of savings for a down payment. By allowing you to build equity over time, these programs make it easier to qualify for a mortgage when you’re ready to buy.
Furthermore, rent-to-own programs can be a great way to “test drive” a home before committing to a purchase. By renting the home first, you can get a feel for the neighborhood and the property before making a long-term commitment.
DreamAmerica has a variety of homes available for rent-to-own in Tampa, from cozy bungalows to spacious single-family homes. No matter what your needs are, we have a home that will meet them.