Affordable Homes 365

Affordable Homes 365 We take pride on providing affordable & accessible housing for the masses.

Our goal is to provide exclusive listings, not usually available to home buyers, for short sales, bankruptcies, foreclosures, rent to own, and distressed properties.

What are some pros for rent to own homes?You Build a Down Payment Over TimeInstead of having to fork over a significant ...
03/15/2022

What are some pros for rent to own homes?

You Build a Down Payment Over Time
Instead of having to fork over a significant down payment when you move in, you build equity over a specific period of time by paying higher rent.

You Can Avoid Buyer Competition
At the end of the rent-to-own agreement, you won’t be up against other buyers for the property.

You Don’t Have to Qualify for a Mortgage Right Away
You may be drawn to a rent-to-own program because you can’t afford to buy a home yet. Maybe you’re still paying off debt or you don’t have a down payment saved.

If you’re looking for a place to live, plan to rent today but eventually want to purchase your own house or condo, and d...
03/09/2022

If you’re looking for a place to live, plan to rent today but eventually want to purchase your own house or condo, and don’t plan on moving from the area you’re targeting for rentals, then rent-to-own could be an option for you. It’s also a good option if you have less than stellar credit and need time to build up good credit history while renting.

A high debt-to-income ratio (the percentage of your monthly gross income that goes toward paying your debts)  was the mo...
03/08/2022

A high debt-to-income ratio (the percentage of your monthly gross income that goes toward paying your debts) was the most common primary reason for mortgage denials in 2020, according to a NerdWallet analysis of federal mortgage data.

Rent-to-own agreements might make sense for buyers who are certain that they’ll qualify for a mortgage and can keep the ...
03/07/2022

Rent-to-own agreements might make sense for buyers who are certain that they’ll qualify for a mortgage and can keep the lease limited to a shorter period of time. This can be an ideal path for those who are on track to pay down other debt and improve their credit scores, or those who need to wait until they have a longer employment history to qualify for a mortgage.

03/04/2022

Rent-to-own contracts are alternatives to traditional home loans. At the outset, such arrangements are much like traditional leases landlords and tenants might sign. However, the contract also gives the renter exclusive rights to purchase the home at a specified point in the future. A portion of the money paid upfront and a part of the established monthly rent also go toward the purchase price.

A rent-to-own agreement can be an excellent option if you’re an aspiring homeowner but aren’t quite ready, financially s...
03/03/2022

A rent-to-own agreement can be an excellent option if you’re an aspiring homeowner but aren’t quite ready, financially speaking. These agreements give you the chance to get your finances in order, improve your credit score, and save money for a down payment while “locking in” the house you’d like to own.
If the option money and/or a percentage of the rent goes toward the purchase price, which they often do, you also get to build some equity.

In a Rent to Own Deal, the buyer and seller establish a purchase price for the home in their contract. At some point in ...
03/02/2022

In a Rent to Own Deal, the buyer and seller establish a purchase price for the home in their contract. At some point in the future, the buyer can purchase the home for that price—regardless of what the home is actually worth, similar to leasing a car.

How much are spending on housing every month?
11/10/2021

How much are spending on housing every month?

10/22/2021

Have you consider rent to own as an affordable option? Use your rent payments toward your home purchase! Message us today to start your search!

Who is looking for an affordable home? 🏰
09/29/2021

Who is looking for an affordable home? 🏰

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