Rent/Lease to Own Program GTA
Our Rent / Lease To Own Program, Works With The Following Client Profiles
- 1. Clients who have Bruised Credit and need time to build their Credit Score and Profile to Bank Standards. In these instances, we require 5% as the starting Down Payment.
- 2. Clients who have Good Credit and just need time to accumulate the proper Down Payment. In these instances we can start with the greater of 3% or $ 10,000 as the starting Down Payment.
- 3. Minimum income requirement is four times income to house value (i.e. $100,000 combined household income = $400,000 purchase). We will also include pension, ODSP, child tax credit, legal rental units as additional income.
- 4. We don’t care about how low the credit score is, the score would determine the length of program of up to 5 years.
- 5. Bankruptcy, if discharged, or currently in a consumer proposal.
- 6. Business for self, income proof through bank statements.
- 7. Salary income through job letter, pay stubs, T4 and NOA.