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Home Purchase

Home Purchase

Get answers to common questions about purchasing a home through a rent to own program. Learn about the process, costs, how it compares to a mortgage and eligbility.
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Who is responsible for closing costs?
How does the purchase process work?
What are the key considerations in the offer drafting process?
How is the buyback price determined?
Who owns the home in an arrangement with Requity Homes?
Will I lose my savings if I decide to leave the program?
Do you perform a home inspection?
What happens if major repairs or concerns are identified during the inspection?
What do you need to prepare to waive home buying conditions?
What are needed from clients to waive conditions?
Am I guaranteed to get the home I make an offer on?
Related Topics
Buyback
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How can I buy back the home?
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What if the home appraises for less than Requity paid?
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What if I decide not to buy — what happens to my savings?
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How quickly can I receive my savings if I exit the program?
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Does Requity Homes ever work for tenants?
See all FAQs →
Getting Started
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What is Requity Homes?
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Is this a loan or mortgage?
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Who is the program for?
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How does rent-to-own work?
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How much will the rent be?
See all FAQs →
Application
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How do I qualify for Requity Homes?
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What income documents are required?
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How much does the program cost?
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What happens after I get pre-qualified?
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Is a down payment required?
See all FAQs →

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