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How RENT TO OWN Works

3 Easy Steps

Apply

Step 1:

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  • Apply to the MiiCassa rent to own homeownership program using our online application tool.

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Step 2:

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  • ​One of MiiCassa's rent to own specialists will reach out to discuss your application.

  • Provide our team with the following appropriate documentation:

    • Employment letter 

    • T4’s

    • Recent pay stubs

    • Credit Report

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Step 3:

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  • Once approved, we will create an action plan to homeownership which includes determining the following:

    • ​Term Duration - The amount of time required to strengthen your mortgage qualification and purchase your home

    • ​Purchase Price and Required Down Payment

    • Monthly Rent and Monthly Down Payment Credit

Work with our team of professional Real Estate Agents to assist you in finding your Forever Home within your budget, in any desired neighborhood. 

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One of our trusted investors will purchase your chosen home on your behalf.

 

A small down payment is required, as little as 3% of the purchase price, which will go towards your future purchase.

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Lock in your predetermined Purchase Price, that is not affected by the volatility of the housing market.

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Move into your new home and begin making monthly payments while increasing your credit score. The best part is  - A portion of your monthly payments will go towards your future down payment. 

 

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 Our rent to own program provides the time, you provide the commitment!

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Rent

OWN

You are now ready to become a Homeowner

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Now that you have established the required down payment and boosted your credit score through the rent to own term, its time to begin your transition from "Renting" to "Owning".

 

Working closely with our mortgage specialist, finalize the mortgage application process and receive traditional mortgage financing.

 

The time has finally arrived to purchase the property from the investor at the previously agreed upon purchase price and become a legal Homeowner.

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How to Qualify for our Rent to Own Program

Our rent to own program coupled with your commitment will allow you to own your rental!

Down Payment

A minimum of $15,000 or 3% of the purchase price is required for the down payment, which will be credited towards the future purchase of your property.

Income

A steady household income to support the purchase price of the property. Generally a minimum combined household income of $100,000 is required to qualify.

Credit Report

All credit scores will be approved. We will get you approved and work with you to boost your credit score over the term of the program. All we ask of you is to provide your commitment to improve your credit rating.

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