How APG's Rent to Own Program Works
Step 1: Apply Online
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Fill out our online application to tell us a bit about your situation, and what your goals are for owning your home
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We use this information to determine your eligibility for our rent to own program
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One of our experts will be in contact with you to determine further eligibility
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Don’t hesitate to contact one of our experts if you have any questions about this part
Step 2: House Hunting
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Once you have been approved, the house hunt begins!
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We connect our Tenant-Buyer’s with realtors around the province to assist and support you with this process
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Once your budget and approval has been established, the house you pick is entirely up to you!
Step 3: The RTO Agreement
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Once you have your perfect home picked, we will make an offer to purchase the home on your behalf
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This is where you will go over the terms of the RTO agreement with our staff and lock in your purchase price at the end of your term
Step 4: Closing
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Before Closing day, you will have a clear roadmap of your RTO term, and any necessary steps toward rebuilding credit
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We will be along for the entire process to provide support and answer questions
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Once the deal closes, it's time to move into your new home!
Step 5: The RTO Term
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During the term, you will be responsible for making regular rent payments, and are free to upgrade your home as you wish
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We will check in occasionally to make sure you are well on your way to mortgage qualification at the end of your term
Step 6: Transfer of Ownership
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As your RTO term comes to an end, you will need to start the process of qualifying for a traditional mortgage
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We can refer you to our mortgage specialists to make this process as simple as possible
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​The final day of the agreement is typically the day the property transfers to you
CONGRATULATIONS
You now own your own home!
Our Rent-to-Own Program
Our program has helped many become homeowners when they didn’t think they had a chance. There are many different reasons why you require a rent to own program to buy a home. Below are a list of the most common reasons.
BRUISED CREDIT
Have a bruised credit? You probably know how hard it is to qualify for any type of loan or financing, let alone a mortgage. At Alpha Property Group we can point you in the right direction to repair your credit so you will be mortgage ready at the end of the Rent to Own term.
SELF - EMPLOYED OR NEW TO THE WORKFORCE
If you are self-employed a bank won’t even look at you unless you have two years of work experience in the same location. Or they will not account for how you claim your income and expenses. Rent to Own is a great option if this is your situation.
DIVORCED OR SEPARATED
Rent to Own may be a solution for you if you are currently or recently divorced or separated. The financial burden of a divorce can be devastating, and all of a sudden you won’t be able to qualify for a mortgage.
NOT ENOUGH SAVED FOR DOWN PAYMENT
Many people that enter our Rent to Own program, know they are going to buy a house but they don’t have enough saved. They watch house prices rise. They enter our program knowing they will have a locked in-home price in 1-4 years.