Rent-To-Own Program
Berkana Homes has a unique program that provides assistance to credit
challenged buyers. The Rent-To-Own program allows prospective buyers to rent a
new home, with the option to purchase the property at the end of their one-year
lease, and have their net monthly rent of that year, applied to their purchase.
This is a great way to save for your down payment, and buy your own home!
Participants of the program typically make payments lower than the cost of a
home mortgage, providing the opportunity for savings and credit repair. These
consistent monthly payments will help raise the buyer’s credit score. In
addition, the Rent-to-Own Program provides participants with the advantage of
securing today’s purchase price, thus the having the opportunity to build
equity with the home upon closing. Also, successful program participants
receive the total net monthly rent payment (excluding monthly HOA fees), which
will be applied towards a down payment for the purchase of their own Berkana
home.
The Rent-to-Own program is available at two Berkana communities: Berkana at
Glenrosa, located at I-17 and Glenrosa, just north of Indian School Road; and
Berkana at Hidden Mountain, west of the I-17 at 29th Avenue, just north of
Happy Valley Road.
For additional information about the Rent-To-Own program, please call
602-377-0013 and ask for the desired community.
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