Everything you need to know about BTHO

Frequently asked questions regarding our bridge-to-own program.

Frequently asked questions

Is leasing to purchase similar to rent-to-own?

Yes. In both instances you would be leasing/renting the property until you are ready to exercise the Option to Purchase the home.

How long does the process take to get approved?

We will issue a pre-approval within 24 hours and get started on the rest of the process.

How much money do I need to qualify?

Zero down is needed to get into a new home today.

When can we move into our new home?

You can move in as soon as you want If the house is fully completed.

What if I want to accelerate my ownership timeframe?

You have the option to put more money down which lowers your costs to purchase and accelerates your ownership timeframe.

How do I get started after submitting the pre-qualificaton form?

We will review your application and contact you if there is any further information needed. If your application is approved, you can select a home from our inventory to lease.

Do I need good credit to qualify?

Yes. Our program assists clients who have good to great credit ratings, but just have not accumulated the down payment required.

How long is the lease period?

Depending on your down payment amount, if you choose to make one, the lease can be from 2-3 years.

Do I need to be employed to qualify?

Yes. You must be employed or self-employed and be able to prove that employment in order to qualify.

How does the rent-to-own program work?

Lease a home from our inventory and have the exclusive right to purchase it at an established later date, while we help you save for the downpayment.

What is the final purchase price of my home?

The price of the home is based on fair market value for the type of home and location which is set at the beginning of the Bridge to Homeownership contract.

*Bridge to Homeownership respects your right to privacy. Any information about yourself that you give us will be used for internal purposes, only as required.