Who can use rent to own?
You are self-employed
We help hard working entrepreneurs get into home ownership. We will outline a plan so the lenders will clearly see what you already know: You deserve to be a homeowner!
You’re a new immigrant
New residents sometimes have a difficult time securing a mortgage. We can help you establish your credit to help you qualify for a traditional mortgage.
You have bruised credit
Previously had a consumer proposal, or discharged from bankruptcy. We will work with you to repair your credit, and get on track to becoming a homeowner.
You are recently divorced
Divorce can be tough on your credit, but the path to home ownership doesn’t have to be. Let us show you how!
You’re in pre-foreclosure or bank
said no to refinancing
We will take a look at your situation, and develop a plan to move forward. There are options available!
You need to save more of a downpayment
It is not always easy to save money. Life happens! Our program allows you to move into your home now, while saving money to be used towards the down payment at the successful completion of the program
Other?
We will take a look at your situation, and develop a plan to move forward. There are options available!
You are self-employed
We help hard working entrepreneurs get into home ownership. We will outline a plan so the lenders will clearly see what you already know: You deserve to be a homeowner!
You’re a new immigrant
New residents sometimes have a difficult time securing a mortgage. We can help you establish your credit to help you qualify for a traditional mortgage.
You have bruised credit
PREVIOUSLY HAD A CONSUMER PROPOSAL, OR DISCHARGED FROM BANKRUPTCY: We will work with you to repair your credit, and get on track to becoming a homeowner.
You are recently divorced
Divorce can be tough on your credit, but the path to home ownership doesn’t have to be. Let us show you how!
You’re in pre-foreclosure or bank
said no to refinancing
We will take a look at your situation, and develop a plan to move forward. There are options available!
You need to save more of a downpayment
It is not always easy to save money. Life happens! Our program allows you to move into your home now, while saving money to be used towards the down payment at the successful completion of the program
Other?
We will take a look at your situation, and develop a plan to move forward. There are options available!
How does this work?
How does this work?
Tell us about you
In a few questions, tell us about you and what road blocks you’ve
been facing. No matter what it is we can provide you with an
estimated budget for your new home and an approach to fit
your circumstances.
Search for your ideal home
You can look for any home, new and old, big and small. Once
you’ve found one you like, let us know and we will put in an offer
that makes sense for you. The lower the price of the home the
lower your monthly payments and future buy-back price. We do
our best to make sure you get a good deal!
Carmel Homes buys the
home for you
Once we’re happy, we will then make you an offer before buying
the home for you. This includes your lease length, monthly payment
amount, and the locked-in price for the home so you’re protected
from price increases. We take care of all the boring stuff like
surveys, legal process and buildings insurance.
Move into your new home
Time to move into your new home. You will sign your lease
agreement, pay your one-off product fee and first month’s
rent and the keys are in your hand. Your monthly payments
are locked. No increases! Up to 25% of these payments are
converted into reducing your future buy-back price for
when you buy the home from Carmel Homes later on.
Buy the home when you’re ready
You can buy the home from us whenever you want. If it’s before the
end of your lease you’ll need to pay an early exit fee.
The buy-back price for your home will be the price we paid for it,
plus the costs we incurred buying it, minus all your converted
payments.
For more info download the PDF Below
Rent-To-Own Is a homeownership program designed to make your dream of homeownership a reality.
To get more details on how rent-to-own works click on the button below.
For more info download the PDF Below
Rent-To-Own Is a homeownership program designed to make your dream of homeownership a reality.
To get more details on how rent-to-own works click on the button below.
Begin your
homeowner journey
with us
