Own your future with Rent-to-Own
Making homeownership possible for more families
Good income but challenged by bad credit?
Tired of renting but not ready for a mortgage?
At Hope Harbor Properties, we believe everyone deserves the chance to become a homeowner. Our Rent-to-Own Program is designed for people who can afford monthly payments but may need time to strengthen their credit or build a financial track record.
How it works
We do more than provide housing-we provide hope, options, and a fresh start.
1
Apply for our program
Help us understand your situation and housing needs.
2
Move in now
Start living in the home you will eventually own.
3
Build your path
We’ll work with you on a clear, step-by-step plan to qualify for a mortgage within 2-3 years.
4
Celebrate your success
Once you qualify, the home is yours to buy!
Invest in hope. Grow with us.
These properties are available for our rent-to-own program
Rent-to-Own Program Overview
No.1
Apply for our rent-to-own program using the online application.
No.2
Once you are eligible for our program, we work together to get a house that you want to own under contract with Hope Harbor Properties as the buyer.
No.3
You pay a non-refundable option consideration (NROC), the majority of which will credit towards your down payment when you purchase the home. This gives you control of the property – we cannot sell this home to anyone but you for the duration of our agreement.
No.4
We purchase the home and hand you the keys. You move in and start renting the home you want to own – yay!
No.5
When you qualify for the mortgage in 2-3 years, you purchase the home from us. Good news – you have already built equity in your home through our rent-to-own program!
FAQ
Frequently Asked Questions
I already have an accepted offer on a house that I want to buy, but I cannot get qualified for a mortgage. Can you help me?
We want to help make homeownership possible for you! We may be able to help so long as you can afford the payments for the mortgage, insurance, and property taxes but are struggling to get qualified due to poor credit or a lack of credit, high debt, or lack of savings for a down payment. Start by filling out our application to see if you’re eligible for our rent-to-own program.
Do I need to be working with a realtor or lender to be eligible for your rent-to-own program?
Nope – we have a great team of realtors and lenders with whom we can connect you. They will help you on your journey to homeownership.
How long will I have to rent before I can qualify for a mortgage with your rent-to-own program?
Typically, 2-3 years.
What happens if I still cannot qualify for a mortgage after three years?
We want to help you become a homeowner! It depends on your situation – we may be able to extend the term of the lease or help you find another home for which you can qualify.
What if my situation changes while I’m renting? Do I have to buy the home by the end of the lease?
No, you are not forced to buy the home. You simply have the exclusive right to purchase the home for the duration of our agreement.
How quickly do you respond to my maintenance requests if something breaks while I am renting?
You are responsible for maintenance and upkeep while living in the home – it is soon to be yours, after all! We may still cover the cost of big-ticket repairs.
Next Steps
Contact us at 605-610-9081 or apply for Hope Harbor Properties’ rent-to-own program to start your journey toward homeownership today.
