The "No Downpayment? No Problem!"
Program is designed to accumulate the 5% down payment that is required to purchase your new home. You will have to qualify for a mortgage to participate in this program.

Enter House Price
$
Enter any total deposits you can afford before the move-in date
$
Amount with Due upon signing $
MONTH #1 (Move-in) $
MONTH #2 $
MONTH #3 $
MONTH #4 $
MONTH #5 $
Reset MONTH #6 $

How the program works:

The Rent To Own Program applies to any of our homes but you must qualify.
You give a $500 deposit when the paperwork is done . With the Rent To Own Program, we give purchasers a work credit “Sweat Equity”. This work credit includes painting the interior walls of the home and doing a very light cleanup. Please note that Pratt Homes completes a full paint of the trim and doors, a full exterior paint of front door and garage doors and a primer coat on the main walls! Pratt Homes even supplies a paint kit and some supplies for this work. For this "Sweat Equity", you will be credited $2500 towards your downpayment.
When you move into your home, a $2200 deposit is given as your first month's rent. (At this point you have already accumulated $5200. towards your downpayment)
While you are living in your home for the next 5 months, you will pay a combination of downpayment and rent in order to accumulate the balance of your 5% down payment.

If you have any further questions, please contact our sales office at
1-866-404-6142.
 
If you would like to qualify for the program, please contact John Burch at
1(705) 728-1593