I am looking for rent to own options in Houston

Hi India,
Legislation has changed in Texas and there is no such thing as 'rent to own' anymore. Anybody saying anything else is not representing the truth.
The program for you is 'owner finance' or 'seller finance'. The key thing for these programs is how much down payment you have available.
The more the better. Feel free to email me more details about your situation and I would be glad to help.
Best,
francois@cozy-homes.com / 713 397 8857

I absolutely have a solution for you. This company will buy the home of your choice and rent it back to you with the expectation that you will be purchasing it in 24-36 months. I will send you the link to their site.

Please email or call me
Robert Noel
(281) 241-9280
Thenoelgroup@gmail.com

Hi India,

As REALTORS, we can not represent parties in rent to own transactions. While this type of transaction was traditionally handled by an attorney, many real estate attorneys are actually not doing rent to own transactions any longer due to the liability with them. There are Seller Finance options out there, but these typically are going to have a sizable down payment, higher interest than a tradition loan and short term with a balloon due at the end of the term.

I would highly recommend reaching out to a lender to go over your situation first (income, assets, debts, credit, etc.) in order to determine your debt to income ratio (and whether or not you need to remove any debt (car payments, student loans, credit cards, etc) and possible ways to bring up your credit prior to obtaining a home loan. Your lender will be able to review everything and go over everything with you in order to put a timeline together and plan in place for purchasing a home. Additionally, there loan programs with low down payments (3.5% FHA, 3% Conventional) and programs out there for down payment assistance!

Once you put a plan together with your lender, you can rent for short term, a year, or longer (if need be) while you work on saving money and your credit. I'd be happy to also email you the information I provide my First Time Home Buyer clients if you want to shoot me an email.

I highly recommend the lender I've provided contact for below. He has worked with many clients of mine. He is honest, quick to respond and on top of things! Give him a call or shoot him an email. I know he'd be happy to go through everything with you.

Clayton A. Gray
Team Lead/Sr. Loan Officer
UHM NMLS #2229 LO NMLS #298840
www.unionhomemortgage.com/cgray
c: 832.748.7283
e: claytongray1@gmail.com

Hope this helps!! Best of luck!

Darby Grimmett / KW / darby@darbygrimmett.com / 936-827-9217