Second Chance Home Program with Our Partner Divvy
Apply for your Rent to Own Home in little as 6 minutes and hear from a dedicated agent specialist within one hour.
Anticipated duration up to 3 years
Down payment rates as low as 1%
We purchase your home for you up to $10,000,000
Applying won’t affect your credit score!*
How Does Our Rent To Own Homes Work Anyways?
A rent-to-own (also known as a lease/option) agreement might be right
for you! It’s easier than you think – and we can help.
The rent to own process is really pretty straightforward.
Step 1: Complete an application
It’s free, fast, and won’t impact your credit score. It takes only 6 minutes to pre-qualify.
Step 2: Get approved for a budget
Once you’re approved, you’ll receive a budget to go home shopping.
Step 3: Choose your dream home
Partner with an agent to find your dream home. Choose from any home on the market that qualifies.
Step 4: Our partner's at Divvy pays for the home
We’ll pay for the home in cash and cover all fees, closing costs, taxes and insurance. All we need is a down payment of 1-2%.
Step 5: Move in and save
Move into your home and start saving to gradually build up ownership of the home. Most of our customers are able to become mortgage-eligible in less than three years.
Step 6: Buy the home or walk away with savings
At any point you can choose to either buy back the home with the money you’ve saved, or move out and cash out your savings.
Plus, we acquire new properties each month, as long as you’re on our Rent To Own Homes List, you’ll get email alerts with the latest properties available.
With our "Second Chance Home Program" family members are able to get into their dream home
When banks say No, we say Yes because we work around your situation.
Our program is a great fit if…
You’ve had trouble saving up for that down payment
We think saving up is hard. With our partner's at Divvy, you’ll save up little by little with each monthly payment to afford a down payment.
You need some time to get your finances in order
Our program only looks at your last 6 months of income, which means we’re a great option if you’re self employed or recently started a new job and need more time to fully document your income.
Your credit score isn’t quite where it needs to be...yet
We accept a minimum 550 FICO, which means that even if you’ve hit a few bumps in the road, we can still be a great option. Once you’re in your home, we’ll pair you with a free credit counselor to help you get mortgage ready.
You deserve better Monthly Pricing
Pricing is different for each person based on your income, credit history, and location.
To find out your unique home budget complete a free application.
Start your online application
Apply online in 6 minutes with one simple application.
Review your options
Your dedicated Agent will contact you as soon as possible to review your needs and help you find the best home for you.
Get a decision in as little as 24 hours and a spending limit to go shopping for your New home.
Second Chance Home Program Frequently Asked Questions
Frequently asked questions
How does the application process work?
Our application is free, won't impact your credit score, and only takes 6 minutes. Don't worry if your financial picture isn't perfect-we get that life happens. Once we've verified your income and savings, you'll get your-approved home budget in no time (well, 24 hours... but that's one of the fastest approvals around!).
What homes are eligible?
We let you shop homes that are listed for sale and within your approved budget. There are a few exceptions-like no mobile homes or condos-but generally, most homes work. Go shopping with your real estate agent, or we'll pair you with one of our trusted agents. Once you choose the home, we buy it. Yes, really.
Who takes care of the inspection, closing cost, homeowners insurance & property taxes?
Because we will own the home while you're saving up to buy it from us, we make sure that what we buy is a solid investment and in good shape for the long haul. We take care of the inspection, closing cost, property taxes, and homeowners insurance.
When can I buy my home from you?
You can buy the home at any time during your three-year lease. We offer two buyback prices: a lower one if you purchase your home before the 18-month mark and higher one if you buy in the second half of your lease.
Am I tied in for 3 years?
We get that things change and that you may need to end up moving instead of buying back. You can walk away at any point, and we'll cash you out your savings less a relisting fee (as a percent of the initial purchase price).
How does you guys make money?
Money is made from your monthly rent payments and from the home's appreciation over time. That's it. What's unique about us is how we share the benefits of homeownership:
*Best factor rates available to homeowners with excellent credit and financial strength and subject to approval by partner.
Approval times may vary between Lends Well and partners.