In today’s market, a vendor finance or rent to own transaction is an excellent alternative to purchase or sell a home.
If you are in a position where you are unable to sell or buy a home, for whatever reason, you may wish to consider vendor financing or rent to own as an option.
Listed below are some of the benefits of buying a home using vendor financing or rent to own:
- No Specific Credit Requirements
- Minimal Processing
- Quick Approval
- Quick Settlement and Move In
- Low Settlement Costs
- More Flexibility
Vendor financing or rent to own is typically NOT based on credit score or credit history, this allows anyone with a will to own a home, an opportunity for home ownership. Every seller offering vendor financing or rent to own is different, for the most part they are offering financing for those that cannot obtain a mortgage today.