How To Find Rent To Own Homes In The USA: Discover The Top Companies For Hassle-Free House Hunting


Homeownership is vital to attaining the American Dream, but it’s getting more complex. Establishing good credit and setting aside funds for a down payment can present difficulties. That’s where rent-to-own programs come in. They help first-time homeowners begin their journey without a traditional mortgage. Today’s article will delve into the top rent-to-own programs in the USA. By the end, aspiring homeowners will know which program to choose on how to find rent to own homes.

how to find rent to own homes

What Is A Rent To Own Program?

If you’re wondering how to find rent to own homes, here’s the process. Initially, you become a tenant with the opportunity to buy the property later. You can save for a down payment or enhance your credit score during your stay. After a set period, you can decide to purchase the home. Some programs even allocate a portion of your rent toward the eventual purchase.

The terms can vary, but typically, you and the property owner agree on a price and a timeline for the potential investment. An upfront fee called an option fee is usually required, and a part of your rent goes into an escrow account, which can lead to higher monthly payments.

For example, if a home is worth $200,000, rent is $2000, and there’s a 5% option fee ($10,000) with 20% of the rent in escrow, after four years, you’d have $10,000 plus $19,200 in escrow for the purchase. 

What Are The Different Types Of Rent To Own Programs

Different programs exist, but there are two main types: lease option and lease purchase.

  • Lease Option: You can buy at the contract’s end. You pay an option fee upfront, which often counts toward the purchase price. After the lease ends, you can negotiate the final price or walk away, possibly losing the option fee and escrow money.
  • Lease-Purchase: You commit to buying the home at the end of the lease for a set price, which can be agreed upfront or appraised later. This is great if you found your dream home but need more time to be ready for a mortgage. However, backing out may lead to legal consequences, so read the agreement carefully.

What Are The Best Rent To Own Programs For Those Wondering How To Find Rent To Own Homes?

For those eager to discover how to find rent to own homes, these programs offer a swift entry into homeownership while aiding in savings and financial improvement. Nonetheless, applicants must exercise caution, as rent-to-own arrangements have specific risks.

If you buy the home or qualify for a mortgage after the lease period, you could avoid losing all the money you’ve allocated for the purchase, potentially putting you in a worse financial position than before. Therefore, it’s essential to meticulously select a reputable program and home you can envision residing in for the long haul before entering into any contracts.

To assist you in your quest, we’ve compiled a list of some of the best rent-to-own home companies in the United States.

Home Partners

Home Partners of America is dedicated to transforming homeownership into a reality for a wider audience. The program offers a straightforward path to achieving the dream of owning a home.

  • Through the Home Partners program, those seeking how to find rent to own homes start by filling out a pre-qualification application on the website. 
  • They submit a complete application, including credit and background checks, income verification, and an application fee if approved.
  • Potential buyers must meet Home Partners’ minimum FICO score requirement and maintain a maximum debt-to-income ratio of 50%.
  • Once approved, Home Partners calculates the maximum monthly rent. 
  • Then, home seekers can choose from preapproved communities or work with an approved realtor to find a suitable property, advancing their home-hunting journey.
  • You can filter homes according to different criteria, such as location, type, price range, number of bedrooms, etc. After finding a home that meets the requirements for those searching how to find rent to own homes, Home Partners purchases it and rents it to the applicant through a lease option. 
  • You sign a one-year lease and a “right to purchase” agreement, allowing you to buy later during the lease or move out without penalties if you choose not to buy.


The Divvy program, tailored for those searching for rent to own homes, is most suitable for ready-to-occupy, single-family houses. It does not acquire properties like fixer-uppers, condos, or mobile homes. Additionally, the program establishes specific price ranges for homes in various metro areas, typically falling between $60,000 and $550,000.

These guidelines help ensure that the homes Divvy acquires are move-in-ready, increasing the chances of participants realizing their dreams of how to find rent to own homes. Prospective Divvy participants apply for the program, & get underwritten to determine their budget.

A FICO score of at least 550 is mandatory. Buyers then collaborate with a local real estate agent to locate a suitable home within their budget. Divvy purchases the house in cash, and the home seeker makes an initial home savings contribution of 1% to 2%, akin to a down payment. 

Throughout their three-year lease, around 25% of each monthly payment is allocated to the participant’s home savings, accumulating 3% to 10% of the home’s purchase price. Participants can buy the house anytime during their lease without penalties or fees. However, if they decide against purchasing, Divvy will refund their home savings minus a relisting cost.

Dream America

Dream America provides a vital solution for those seeking how to find rent to own homes by catering to individuals with the financial means for an FHA or VA loan but facing credit score challenges. It operates in several cities, including Jacksonville, Orlando, San Antonio, and Tampa. 

They have a maximum DTI (debt-to-income) ratio of 50% and a minimum credit score requirement of 500. Additionally, the company also serves Dallas among these locations. These criteria ensure accessibility to the program for individuals in various cities with diverse financial profiles.

Applicants in the program can choose from houses priced at $150,000 or higher in these communities. The process starts with Dream America purchasing and leasing the home to the aspiring homeowner for 12 months.

The company offers a unique rent-to-own approach. Participants can transition to homeownership when they meet mortgage qualifications. Importantly, this transition doesn’t involve lease cancellation penalties. This flexibility makes the journey to homeownership smoother and more accessible for individuals seeking to fulfill their dreams.

Furthermore, Dream America offers a generous 10% credit toward the home purchase from their monthly rent payments. Participants pay a 1% fee at the contract’s start. They can renew after 12 months if they’ve followed the agreement and paid rent on time.

find rent to own homes


In pursuing how to find rent to own homes in the USA, it’s essential to consider the options. Large national companies provide extensive coverage, but local programs offer a more personalized and hands-on experience. Both avenues have advantages, so it’s wise to explore both to find the perfect fit for your unique homeownership journey.  Local rent-to-own pathways offer a promising route to homeownership. Still, it’s crucial to exercise caution to avoid scams and unforeseen penalties if you decide not to buy. To find the ideal rent-to-own program that suits your needs, consider consulting trusted real estate agents and conducting online searches.