The Truth About Rent-to-Own Homes: 5 Myths Debunked

Rent-to-own homes often get a bad rap, mostly because of myths and misunderstandings. Let’s clear the air so you can see why it’s a powerful path to homeownership.

Myth #1: Only people with bad credit use rent-to-own.
Truth: While it’s great for those building credit, many buyers use it for flexibility or to lock in today’s prices.

Myth #2: You don’t build equity while renting.
Truth: Your Option Fee is applied toward your down payment, helping you get a head start.

Myth #3: Sellers don’t benefit.
Truth: Sellers enjoy steady income, a committed buyer, and less market uncertainty.

Myth #4: It’s more expensive than buying outright.
Truth: Often, buyers lock in a purchase price that saves them money if home values rise.

Myth #5: You can walk away anytime with no consequences.
Truth: Just like any contract, there are responsibilities for both parties — which is why choosing the right partner is key.

When done right, rent-to-own is a win for both sides — and can turn the dream of owning a home into reality.