You are eligible for the Tenant-First Rent-to-Own program if you have:
1. Stable Income
Tenants must demonstrate they have a stable and verifiable income to meet their financial obligations.
2. Good Rental History
Tenants may be asked to provide bank statements and references from former landlords, if applicable, to demonstrate a reliable track record of meeting their rental obligations.
3. Commitment to Homeownership
Tenants must have a genuine commitment to homeownership.
4. Sufficient Down Payment
Tenants must make a minimum initial deposit of $20,000 or 3-5% of the purchase price of their home.
5. Agreement to the Lease
Tenants must agree to and adhere to the specific terms and conditions outlined in the rent-to-own agreement.