Rent to Own

Rent-to-own homes in Wisconsin are a popular option for the majority of prospective homebuyers. With this as an option, home buyers can test the neighborhood and see if they want to live in the area on a long term basis before locking in a 15- or 30-year mortgage commitment. The benefits of rent-to-own homes are quite incredible. But, this option might not be ideal for some so it’s best to weigh the pros and cons before signing up for a rent to own home program.

Rent-to-own agreements allow you to start out as a renter, giving you the opportunity to save money and clear up any other obstacles before you buy the property. The terms of these deals can vary and not all homes on the market will come with this option, but it is something to consider if you want to move into your own home but aren’t prepared to start applying for a mortgage today.

The rent-to-own program is a package that allows you to become the owner of a home in a short period of time. This option is different from the "rent with an option to buy" deals. Our goal is to help individuals that are interested in purchasing a home but don't have the required down payment or have a credit score that isn't quite high enough to qualify at this time. At GO Mortgage we can also help with improving your credit score.

How it works

Your monthly rent-to-own payment is based on what we expect the mortgage payment to be with real estate taxes and insurance included.

How to qualify

To be eligible for a rent-to-own Wisconsin home program, you'll need the following:
  • Satisfactory debt-to-income ratio
  • No bankruptcies in the past 2 years
  • No foreclosure or short sale in the past 3 years
  • All back-owed child support, tax liens, and judgments paid in full or on a repayment plan. (Unpaid collections are okay)
  • If you are currently 30 plus days late on any payments that report to the credit bureau please wait to apply until these are current.

Apply Online Today!