65.What Does Someone Need To Qualify For Rent-To-Own Munfordville, KY ?

To qualify for a rent-to-own property, an individual typically needs to meet the following requirements:

1. Income: A renter will need to demonstrate that they have a stable income that is sufficient to cover the cost of rent, as well as any additional option fee and option credits.
2. Credit score: A renter will typically need a decent credit score in order to qualify for a rent-to-own property. A credit score of 600 or above is generally considered to be a minimum requirement.
3. Employment history: A renter will need to demonstrate a stable employment history and a good track record of paying bills on time.
4. Down payment: A renter will often be required to make a down payment, known as option fee, as part of the rent-to-own agreement.
5. Ability to purchase: A renter will need to have the ability to purchase the home at the end of the rental period. This usually requires having enough savings for a down payment, and having the ability to obtain financing.

It’s worth noting that the requirements can vary depending on the landlord and the specific rent-to-own agreement.

SUGGESTED PAGES

HOME PAGE

---

HOW IT WORKS

---

SELL YOUR HOUSE

ABOUT US

---