Rent-To-Own Program

• You pick the house in an approved subdivision. The subdivision must be in the upper 50% rating of school county districts.
• You secure the home with your first and last month's agreed upon rent and purchase price before the Investor purchases the home.
• Institutional Investor purchases the home through The Gallagher Group at Keller Williams Realty.
• Build your credit over the next 12-24 months, or if you're just moving into the area and aren't sure where you want to live but don't want to live in an apartment.
• You can purchase the home using one of the Down Payment Assistance programs in the next 12 months to 24 months.
• OR you can rent the house at least 24 months with documented Bank Statement proof of on-time rental payments, (24 canceled checks, or 24 money orders or 24 months automatic ACH drafts).
• Credit scores and Fannie Mae guidelines allow you to qualify for a Conventional Mortgage to obtain the 0% Down Payment option and use your two months Security Deposit for Closing Costs. 0% program is based on the Fannie Mae Conventional mortgage loan guidelines.
• New Homes may possibly be eligible depending on the Builders willingness to accept the State of Florida standard Real Estate Contract.
• Minimum Rent-to Own FICO Score at the beginning of the process is 575 FICO.
• Debt to Income ratio maximum is 45%.
• Minimum Household verifiable income is $50,000 per year.