Rent to Own Program

Hello, and welcome to Standen Real Estate Investments.

The Standen Real Estate Investments Rent-to-Own Home Solutions Program is designed for individuals and families who want to become homeowners but may not currently qualify for a traditional mortgage.

We are dedicated to helping individuals and families achieve homeownership through our unique lease option program. If you’ve been unable to qualify for a traditional mortgage today, our program may help you move into your dream home now while giving you time to prepare for homeownership.

How the Program Works

The first step is to complete our Rent to Own application on our website at: StandenREI.com/rent_to_own

All we require to get started is a steady source of income and an option deposit. Once your application is reviewed, we’ll determine the maximum purchase price you qualify for.

After you’re approved, you can work with any licensed real estate agent to find a home that meets your needs. If you’re already working with a Realtor, you’re welcome to continue using them throughout the home search process.

Once you’ve found the right home, Standen Real Estate Investments purchases the property on your behalf.

Instead of making a traditional down payment to a bank, you’ll make an Option Deposit to Standen Real Estate Investments. Our minimum Option Deposit is typically 3% of the purchase price, and that deposit is applied toward the future purchase of your home.

Your Option Deposit also locks in your purchase price from the very beginning of the program. That means regardless of what happens in the real estate market, your agreed upon purchase price remains the same throughout your lease option term.

On closing day, you’ll receive the keys to your new home and move in just like any other homeowner.

Program Timeline

Our lease option programs typically range from 24 to 36 months, although many of our clients are able to purchase sooner depending on their financial situation.

One of the benefits of our program is flexibility. As soon as you’re approved for a traditional mortgage, you can exercise your option to purchase the home. There’s no need to wait until the end of the agreement if you’re ready earlier.

When you move in, we only require your first month’s rent. We do not require a last month’s rent deposit.

Credit Coaching

Throughout your lease option program, our team works alongside you to help prepare you for homeownership.

We’ll help you improve your credit profile, work through credit challenges when necessary, reduce debt where possible, and guide you toward qualifying for a traditional mortgage.

Our goal is to help you become mortgage-ready as quickly as possible so you can purchase your home with confidence.

Example

Let’s look at a simple example.

Suppose you find a home listed for $500,000.

Your Option Deposit would be approximately $24,000.

Your estimated monthly payment would be around $4,500.

That monthly payment covers your housing payment, property taxes, and homeowners insurance.

Your Option Deposit is applied toward your future purchase.

If you make approved improvements to the home that increase its value, those improvements can also contribute to your equity.

This gives you the opportunity to begin building wealth while living in the home you intend to own.

Why Choose Standen Real Estate Investments?

There are many advantages to our Rent to Own Home Solutions Program.

You can move into your future home today instead of waiting years to qualify for a traditional mortgage.

Your purchase price is locked in at the beginning of the program, protecting you if home values increase.

You won’t have to worry about a landlord deciding to sell the property because you’re already on the path to owning it yourself.

You have the flexibility to purchase the home whenever you’re approved for financing during your lease option term.

You’ll receive guidance throughout the process to help improve your financial position and prepare for mortgage approval.

Our goal is simple: to help you become a successful homeowner!