Rent to Own | Fort Collins Lease with a Right to Purchase | Rent to Own Colorado

Rent to Own Homes in Fort Collins

Lease with a Right to Purchase in Fort Collins, Colorado

Rent to Own Homes Denver Co Find a Rent to Own Home in Fort Collins with a Kenna Real Estate Agent. Many factors go into the decision of whether to rent or buy a home. For example, the upfront costs of buying a Fort Collins home, including the down payment and closing costs (taxes and fees) can be quite high, so it usually makes more sense to rent in Fort Collins if you plan to remain in a home for less than five years. Other considerations include property insurance, maintenance and repairs. A homeowner is responsible for these costs while a renter typically does not make any of these payments directly. Nevertheless, the monthly cost of owning a home may be meaningfully lower than the monthly cost of renting.  

How the Fort Collins Rent to Own Program works: 1- Prospective Household applies for approval. 2-Household finds a Home Partners qualified home. 3-Home Partners buys the qualified home, household leases from Home Partners. 4- Household has the right to purchase the home. 

Rent to Own in Fort Collins Co

All Listings $200,000 - $300,000 $300,000 - $400,000
$400,000 - $500,000
207 Properties Found. Page 1 of 12.
Rent to Own in Fort Collins Co
207
Listings
23
Average DOW
$289,750
Min. Price
$500,000
Max. Price
$412,490
Average List Price
$401,385
Average Sold Price
$184
Price per SqFt.
0.21
Average Acres
Photo of Listing #892283
New Listing

1103 Elgin Court, Fort Collins

$359,900 - 3 Beds, 2 Baths, 1,731 Sf

MLS® # 892283

Home Savings Realty
Photo of Listing #892303
New Listing

718 Great Plains Court, Fort Collins

$379,900 - 4 Beds, 2 Baths, 1,680 Sf

MLS® # 892303

8z Real Estate
Photo of Listing #892304
New Listing

432 Hudson Court, Fort Collins

$465,000 - 5 Beds, 4 Baths, 2,570 Sf

MLS® # 892304

Coldwell Banker Res-Ft Collins
Photo of Listing #892117
New Listing

2045 Falcon Ridge Drive, Fort Collins

$415,000 - 3 Beds, 3 Baths, 3,074 Sf

MLS® # 892117

Kentwood RE Northern Prop Llc
Photo of Listing #892119
New Listing

1832 Prairie Ridge Drive, Fort Collins

$469,900 - 2 Beds, 2 Baths, 2,901 Sf

MLS® # 892119

Coldwell Banker Res-Ft Collins
Photo of Listing #892130
New Listing

5213 Trappers Creek Court, Fort Collins

$481,500 - 5 Beds, 3 Baths, 2,850 Sf

MLS® # 892130

David Lund
Photo of Listing #892160
New Listing

2518 Ridge Creek Road, Fort Collins

$488,000 - 4 Beds, 4 Baths, 3,367 Sf

MLS® # 892160

Group Horsetooth
Photo of Listing #892168
New Listing

5337 Wheaton Drive, Fort Collins

$485,000 - 4 Beds, 4 Baths, 2,855 Sf

MLS® # 892168

RE/MAX Alliance-FTC South
Photo of Listing #892190
New Listing

1313 Fairway 5 Drive, Fort Collins

$472,800 - 4 Beds, 4 Baths, 3,013 Sf

MLS® # 892190

Berkshire Hathaway-FTC
Photo of Listing #892201
New Listing

1001 Camelot Circle, Fort Collins

$449,000 - 3 Beds, 2 Baths, 2,062 Sf

MLS® # 892201

Group Mulberry
Photo of Listing #892205
New Listing

2103 Falcon Hill Road, Fort Collins

$450,000 - 4 Beds, 3 Baths, 3,214 Sf

MLS® # 892205

Coldwell Banker Res-Ft Collins
Photo of Listing #892210
New Listing

1212 Stoney Hill Drive 45, Fort Collins

$358,853 - 3 Beds, 3 Baths, 2,276 Sf

MLS® # 892210

McNulty Real Estate
Photo of Listing #892229
New Listing

205 Allen Street, Fort Collins

$485,000 - 5 Beds, 3 Baths, 2,798 Sf

MLS® # 892229

Group Harmony
Photo of Listing #892233
New Listing

1707 Constitution Court, Fort Collins

$450,000 - 3 Beds, 3 Baths, 2,405 Sf

MLS® # 892233

Ambassador Colorado
Photo of Listing #892236
New Listing

2457 Clarion Lane, Fort Collins

$367,500 - 3 Beds, 3 Baths, 2,237 Sf

MLS® # 892236

Agi Realty, LLC
Photo of Listing #892249
New Listing

5416 S Timberline Road, Fort Collins

$499,900 - 3 Beds, 2 Baths, 2,195 Sf

MLS® # 892249

Coldwell Banker Res-Ft Collins
Photo of Listing #892257
New Listing

6126 Polaris Drive, Fort Collins

$335,000 - 4 Beds, 2 Baths, 1,510 Sf

MLS® # 892257

C3 Real Estate Solutions, LLC
Photo of Listing #891951
New Listing

2237 Water Blossom Lane, Fort Collins

$425,000 - 4 Beds, 3 Baths, 3,102 Sf

MLS® # 891951

RE/MAX Alliance-FTC South

Once a home is identified and approved by Home Partners, Home Partners will attempt to purchase the home- the outcome of which will depend on certain conditions being met such as agreeing on a purchase price with the seller, a satisfactory inspection, attorney review of the purchase contract, and other closing conditions being satisfied.

More Facts on Rent to Own Homes:

The Lease with a Right to Purchase program provides responsible households who cannot obtain a mortgage a clear and transparent path to home ownership. A qualified applicant  will get approved; select a home for sale with an agent, Home Partners will buy the home in cash, lease it to the resident & provide a right to acquire it anytime during the lease period.

The resident's financial obligation is limited to 1 year of rent.
Approved Rent to Own residents can:
Elect to rent for up to 5 years 
Move out after each one year lease term without penalty
Purchase the home ANYTIME during tenancy

Fort Collins Rent To Own Community List

Prospective residents will work with a REALTOR® to find a home in an approved community.

(Click here More for Communities)

Home Partners of America uses consistent and objective investment criteria- including median home prices and high school rankings- to identify communities that have a high quality of life and long-term opportunities for residents.  The following is a list of Home Partners of America and Kenna Real Estate's approved communities and high schools in Colorado:   (Click here to Apply) RENT to Own Any Home you Want!   Contact us Now 303-955-4220

Rent to Own Fort Collins Fast and Easy | *NEW to Laimer County and fort Collins Area Lease Option Program*

Here is a useful link to evaluate your options:  http://portal.hud.gov/HudCalculators/

To see if a home not listed on the website is approved, please visit our address checker at: addresscheck.homepartners.com 

 Total Cost to Rent to Own in Fort Collins

Total Cost is the price Home Partners pays for the home, closing costs, make ready and repairs/maintenance costs. Total Cost is used to determine the resident's Right to Purchase prices.

A Rent to Own sample is highlighted below:

Purchase Price $200,000
Closing Costs * $3,000
Make Ready and Repairs/Maintenance Costs $7,000
Total Cost $210,000

* Includes all costs such as transfer taxes, attorneys' fees, title insurance, other acquisition costs, etc.

 

The Monthly  Rent Slightly Increases

Each year, a resident's Monthly Rent increases by no more than 3.75% over the previous year’s Monthly Rent.

For example, if the Monthly Rent for Year 1 is $1,400 per month, the increase for the next year is $50/month (i.e., $1,400 x 1.0375)*.

 

Example of Monthly Rent

Year 1 $1,400
Year 2 $1,450
Year 3 $1,500
Year 4 $1,560 
Year 5 $1,620 

 

Right to Purchase Price Increases

Each year, the Right to Purchase Price increases by 3.5%-5% (depending on the region).

In the example, if the Total Cost of the home is $210,000 and if the Right to Purchase increases by 5% (i.e., Prior Year Purchase Right Price x 1.05)* then the Purchase Right Price for Years 1-5 is as follows:

Year 1 $220,500
Year 2 $231,500
Year 3 $243,100
Year 4 $255,300 
Year 5 $268,000 )

There are additional costs that the resident will incur if they exercise the Right to Purchase such as closing costs to purchase the home, including transfer taxes, attorneys' fees, title insurance, and the cost of a mortgage loan. As a result, actual total costs to exercise the Right to Purchase will vary.

* Rent will round to the nearest $10. Right to Purchase Price will round to the nearest $100.

 

Kenna Real Estate is in no way , Home Partners of America.  Hyperion Homes, Home Partners of America act as your landlord if you proceed with the Lease with the right to Purchase Program, Kenna Real Estate is not a mortgage company, does not see your credit, have any imput, or can guarantee you will be approved by Hyperion Homes, Home Partners of America. Kenna Real Estate and irs Agents have no obligation  to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

Listing information last updated on August 24th, 2019 at 5:05pm MDT.

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