Buy with Owner Financing
or Rent to Own

You have several options when you buy a home from Colorado Peak Properties. For about the same monthly payments you'd expect to pay to rent a home, you can move into a home that will be yours. And all without any bank hassles!

Renting to Own or using Owner Financing both require you to have a steady income and some money saved up, but you don't need to have a 20% down payment or perfect credit.

The main difference between owner financing and renting to own (also called a lease-option) is the amount of money you have to put down toward your new home.

If you have saved up at least 8% of the purchase price you can buy the home with owner financing. We can offer you a very affordable interest rate (currently 8%) on a loan covering your balance owed. Then, somewhere down the line when you've improved your good credit, you can refinance through a bank and get an even lower monthly payment.

One of the biggest benefits to you is your ability to deduct all your mortgage interest payments from your income tax bill at the end of the year. Plus, since you own the home, you can repaint, add on a deck, improve the landscaping or complete any other home improvement project you desire.

If you can put down 3-5% of the purchase price, we can offer you our rent to own program. This up-front money is called an option payment and it locks in your purchase price for a year. Then, when you buy the home, it's deducted from the cost of the home. Also, we may be able to offer you a rent credit of up to 25% of your monthly payment. That means that each month your payment is made before the due date, 25% of that money will be subtracted from your final purchase price. So each month you can be building up equity in your home, even while you're making lease payments.

The benefits to you in this program are the low amount you need up front, and the fact that you can start living in your own home even before you can qualify for a bank loan.

If your circumstances change and you decide not to buy the home, you're not locked into a 30-year mortgage. Your option is just that—an option to buy. If you win the lottery, or get transferred out of state, or get down-sized, you aren't obligated to complete the purchase. However, if you decide not to buy, you do forfeit your option payment and your rent credits, so this is only for serious home buyers.

Two examples should help clarify the different programs.

Find My Rent-to-Own Home!

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