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Tenant Home Purchase Credit Program
Today, I want to talk to you about our Tenant Home Purchase Credit Program which we have in place to allow our tenants, and this is an exclusive program for Key Renter tenants, allow them an opportunity to put a percentage of their rent payments, every month, towards the purchase of a home.
Now we recognize that not everybody is going to want to buy a home, and that’s totally fine. However, there will be those who are renting in preparation for buying a home, and that is their ultimate goal. For those individuals, we want to help. And so, between 5% and 25% of your rent payments every month can be pooled towards a credit of the purchase of a new home.
Now, you enroll automatically, simply by renting from us. There’s nothing you have to do. There’s no additional fees or anything like to enroll. You don’t have to sign forms or anything like that. You automatically enroll.
Now, when you move in to one of our homes and you start renting from us, one of our real estates team members will want to talk to you about what your goal is, what your timeline might be, and ultimately what you plan to do and where you plan to be.
Now, we’ll want to get you in touch as well with one of our lending professionals, one of our loan officers, who can really dive in with you to understand your financial situation, credit situation, just making sure that there’s a game plan in place, so that you can prepare to buy. If there are credit challenges, there are free and low-cost credit restoration programs that you can enroll in as well to really have a game plan in place to allow you to achieve your goal which could be home ownership. And for us to have a credit of your rent going towards the purchase will help expedite the process for you and allow you to get some of that rent back and not have it all just go towards rent.
So I hope this is helpful. We want to work with you and see that we’ve got a good game plan that’s catered to your situation, your needs, and ultimately your goals. If you have any questions for us, feel free to reach out. We’re happy to help out. Hope this has been helpful, and take care.