Our Rent to Own Program
Offering a Flexible and Accessible Pathway that allows you to Rent a home with the option to buy it in the future.
We offer a solution to individuals and families that want to become homeowners but are unable to obtain traditional bank financing.
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We use the rent-to-own model to allow you move into your home TODAY while working towards homeownership with plan made just for you and your unique situation.
Is Our Program right for you?
Have you been denied financing due to one of the following reasons?
Our Program can help.
Credit Issues
A poor credit score doesn't have to mean you are stuck renting forever. As part of our program, we put together a customized plan made for you that may include steps to take to repair your credit so that you are mortgage ready when the time is needed.
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Down Payment
As housing prices and rent continue to increase, combined with changing bank regulations, it continues to be a challenge to save up the necessary down payment. As part of your plan, we help you save the required down payment so that you are mortgage ready when the time is needed.
New to Canada
Moving to a new country comes with many challenges (and opportunities). Navigating the mortgage system and finding a home shouldn't be one of them. We are happy to help new immigrants become mortgageable while living in a house they can call home.
Self-Employed
Self-employment provides flexibility in many ways, but often it makes it difficult to obtain a mortgage. We are informed about the complexities and requirements for self-employed individuals to obtain a mortgage and are happy to work with you on your journey to homeownership!
The Process
A simple 4 step process is all it takes to succeed in the rent to own program. Go to Our Program page to read more or Apply now to get started!
STEP 1
Apply to the program
Complete our short application form to get started.
We require 5% down payment on the purchase price and at least $75,000 annual household income*.
STEP 2
Choose and move into your home
Once approved, you will go house hunting with a realtor. You will choose a home** and we will purchase the home on your behalf. On closing day, you will move in!
STEP 3
Follow your customized plan
We put together a custom plan to prepare you to be mortgage ready at the end of your rent to own term.
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It's your job (with our help & guidance), to execute the plan.
STEP 4
Take ownership!
At the end of your term, we will connect you with a mortgage broker who will set you up with a mortgage so you can formally take ownership!
*annual household income requirements vary by market and purchase price.
**All homes must be approved by Hello Homeowner and will require a property inspection paid for by the tenant buyer.
Why choose Hello Homeowner?
Customized Plan
No one's personal situation is alike. We look at each client's unique situation and create a customized plan for you to ensure success to homeownership.
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Continued Support
Throughout the program we are always available to support you. Simple question? Ask! Big life event occur? Let's talk and make sure to adjust the plan to ensure you stay on track toward homeownership.
Client (Tenant) First
We understand that loving your home is a key factor to success. That's why we always put you (the client/tenant) first! And that's why you get to choose the home you wish to own.
No Fees! No Pressure!
Unlike many other rent-to-own programs we don't charge any fees. If we aren't the right program for you, that's okay. There will never be hard sales tactics or pressure. We want you to want to work with us!
