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Rent to Home Program



"buying is the new renting"

Below average credit, low down payment, bankruptcy, short sale, or other factors shouldn’t keep you from owning a home.

If credit or other factors can be repaired and you’re willing to do your part to make it happen, the Rent to Home Home Readiness Program is just right for you!

If you are currently making a rental payment each month, why not turn that into a mortgage payment instead?  It’s easier than you think with the Rent to Home program.

What is Rent to Home?

The Rent to HomeHome Readiness Program (RTH) helps renters or would be home owners prepare themselves for home ownership by providing intensive one-on-one counseling services for people who want to own but have challenges with their credit. We build a customized plan for you based on your timeline for home ownership. Your initial consultation is with a loan officer who develops the plan. After that I will contact you on a monthly basis to assess your progress, address any problems and provide guidance along the way.

You continue renting where you are while working our program. This program is customized to suit your individual needs. We work with you - from where you are right now - to help you get to where you want to be. You tell us when you want to purchase your home and we take it from there.  We develop your personalized “plan of action” to get you home purchase ready. 

The Rent to Home - Home Readiness Program is for people who:

  • Have little or no credit
  • Have credit challenges
  • Have had a bankruptcy and haven't established good credit yet
  • Don't have a lot of money in the bank
  • Have been working in the same field - but not the same job - for the last 2 years
  • Are not necessarily first-time home buyers
  • Have had a short sale or foreclosure in the past

We work with you:

  • To formulate a plan to establish, re-establish or repair your credit
  • To help you develop a budget 
  • To perform a credit analysis and review
  • To develop a timeline for buying a home
  • To provide ongoing counsel, review and coaching

To participate in Rent to Home you must:

  • Complete the RTH Assessment tool
  • Allow the loan officer to do an initial run of your credit
  • Have income
  • Provide documentation as needed
  • Follow your customized program
  • Sign the Home Buyer Commitment Letter
  • Be available for monthly follow-up calls
  • Be honest about your situation and circumstances
  • Alert us when you have a major change in your life like a marriage, job loss, separation or divorce, injury or ongoing medical condition

The Rent to Home program works best for those who are looking to purchase within 6 to18 months. However, we will work with you whatever your timeline. You can still be on the program if your timeline is longer - just know that the temptations are greater the longer your deadline!!!!  Want to know more about the Rent to Home Home Readiness program?  Register for a workshop here.

Ready to get started?  Sign up today!

 

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Margeau Gilbert
Exit Right Realty
8730-16 Cherry Lane
Laurel, MD 20707
Direct: 240-462-1955
Office: 301-362-4500

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Margeau Gilbert | 240-462-1955 | Contact Me
Exit Right Realty - 8730-16 Cherry Lane - Laurel, MD 20707
Office: 301-362-4500
Copyright © 2018, All Rights Reserved

Equal Housing OpportunityMLS membershipREALTORĀ® certificationWCR - Womans Council of RealtorsAt Home With DiversityAccredited Home Staging SpecialistCertified Distressed Property Expert