The Smith Group in Evergreen Park, IL offers a Rent to Own Program, allowing individuals to rent a home initially and have the option to purchase it within the next three to five years. With a minimum annual income requirement of $60,000 and stable employment, the program aims to help households who are considering buying a home but prefer to rent at the current time. The program includes a thorough application process and criteria such as credit score, eviction and bankruptcy history, criminal background check, and debt-to-income ratio.
Once approved, applicants work with the Smith Group to search for homes that meet the purchasing criteria, including being located in approved communities, listed within a specific price range, and free from material deficiencies. A deposit equal to two months' rent is typically required. The Smith Group's Rent to Own Program provides an opportunity for individuals and families to find their ideal home and make the decision to buy it at a later time.
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