Fort Collins Rent-to-Own Homes

Included below are Rent to Own Homes in Fort Collins, CO. If you would like more information on any of these Fort Collins listings, click the "Request More Information" button when viewing the property details. We can provide you with disclosures, past sales history, dates and prices of homes recently sold nearby, and more.

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Search Rent-to-Own Homes in Fort Collins, CO

Fort Collins Rent to Own Homes June 20, 2024
120
Listed
37
Avg. DOM
$341.91
Avg. $ / Sq.Ft.
$550,000
Med. List Price
120 Properties
Page 1 of 10
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Ready to find your dream home in Fort Collins?
Let us help you. Call or Text Kenna Real Estate at 303-955-4220 to get personalized assistance from our expert real estate agents.

rent to own

Fort Collins, CO Rent-to-Own Homes | Rent to Own Lease Option

Are you dreaming of becoming a homeowner in Fort Collins, Colorado, but struggling to secure traditional financing? The rising costs associated with buying a home, including hefty down payments and closing fees, can often be barriers to entry for many prospective buyers. That's where the Rent to Own (RTO) and Lease with Right to Purchase programs come into play, offering a transparent pathway to homeownership. In this comprehensive guide, we'll delve into the details of these programs, how they work, and how you can qualify for them in Fort Collins, CO.

Understanding Rent to Own and Lease with Right to Purchase, Your Path to Homeownership

The Rent to Own and Lease with Right to Purchase programs provide a lifeline for responsible households facing obstacles in obtaining a traditional mortgage. These programs offer a clear and transparent path to homeownership, even if you can't secure a mortgage right away. Here's how they work:

  1. Application Process: Prospective households begin by applying for approval.

  2. Home Selection: Once approved, households work with a Kenna Real Estate Agent to identify a qualified home provided by Home Partners of America.

  3. Home Purchase: Home Partners of America buys the chosen home in cash, leasing it to the household.

  4. Right to Purchase: The household can purchase the home at any point during the lease period, typically up to five years.

This straightforward process opens up homeownership opportunities for individuals and families who cannot secure a mortgage immediately for various reasons.

Qualifying for the Rent-to-Own Program

To qualify for the Rent to Own or Lease with Right to Purchase program in Fort Collins, CO, you need to meet certain criteria, including:

  1. Household Income: Your household income should be $95,000 or more.

  2. Credit Score: You need a credit score of 620 or above.

  3. Eviction History: You should have no evictions within the last three years.

  4. Deposit: The deposit required is equivalent to two months' rent, and it becomes refundable after one year of renting.

  5. Home Price: The maximum home price that qualifies for the program is $650,000.

  6. Home Condition: You can choose any home for sale if it's in good condition.

These criteria ensure the program is accessible to households with financial stability and responsibility.

Ready to find your dream home in Fort Collins?
Let us help you. Call or Text Kenna Real Estate at 303-955-4220 to get personalized assistance from our expert real estate agents.

Call, fill out the form, or text 303-955-4220


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