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The term of the lease is typically between 24 and 36 months. This term allows you to work on your credit, save more for your down payment and anything else that needs to be accomplished for you to obtain your mortgage. Sometimes your agreement can be structured so a portion of your rent is applied toward your down payment. Smart Choice is responsible for paying the property taxes and insurance on the home during the lease period.
Sometimes people just need some time to clean up their credit and show a stable payment history. Any appreciation during your original lease term is instant equity for you. We let you choose from homes we own and from other homes on the market, which we would be able to sell to you in your price range. One of the major draws of Springfield is the quiet, small-town vibe. However, when you’re craving a fun weekend getaway or day trip, there are plenty of major cities nearby. Jacksonville and Lincoln are just 40 minutes away by car.
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But Springfield isn't just a great place for history buffs. It's also the "Chilli Capital of the Civilized World," thanks to its delicious food. Find your dream home in Springfield, IL at RentOwn.net. You can find hundreds of Springfield rent to own houses at RentOwn.net.
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Renters occupy 15,346 rental homes, and the median rent is $762.00 a month. Rent-to-own homes are not a popular option at present in Springfield as the market is unsettled. Since 2012, home values in Springfield have declined by 0.03 percent. The cost of living in Springfield is 10.20 percent lower than the average for the United States as a whole.
The job market is supported primarily by the local government and there are lots of big cities nearby. For those with or starting a family, the schools and neighborhoods are ideal for quiet family living. Browse Springfield rent to own homes that fit your needs and budget and take the first step in fulfilling your home ownership dream today.
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For a fancy night out, Nick and Nino’s Penthouse Steakhouse is among the classiest of stops. Enjoy filet mignon while gazing out at the gorgeous Springfield skyline on the 30th floor of the Hilton Hotel. Springfield has a thriving job market that attracts young professionals looking to establish their adult lives.
Following as the third largest employer, with only half the size work force of Memorial Health System, is another health care institution, St. Johns Hospital. Other large employers include the National Guard, Springfield School District #6, two universities, the City of Springfield and two more health-related facilities. It appears that civil service, education, and healthcare are the driving forces of Springfield's economy.
This agreement gives you the right to buy the home for a predetermined price. The term of this agreement is the same as the lease agreement. You typically will pay an option fee of 3% of the purchase price at the time of signing the agreements. This fee is applied toward your down payment and secures your right to purchase the home provided you abide by the terms of the agreement. Springfield is a big city with a small-town personality.

We acquire houses every month from homeowners who need to sell for one reason or another. Often times we remodel the homes to bring them up to date and up to insanely great shape for a new rent to own tenant / buyer like yourself to move into. Springfield, IL has about 934 property listings to choose from. With guidance from the mortgage broker, we determine what price range of house we need to be looking for on your behalf. You will meet with us and our mortgage broker to discuss a game plan for qualifying you for a mortgage.
Signup to get full property details including street address, contact information, pricing and nearby comparison sales. Sign up to get full property details including street address, contact information, pricing and nearby comparison sales. Our home buyer program administrator is a licensed real estate agent. She will perform a search of homes on the Multiple Listing Service and for sale by owners that we would potentially be able to sell to you within the established price range. Springfield, IL is a great place for affordable rent-to-own homes! With a rent-to-own property, tenants are also buyers.

If you are in need of an airport for more significant travel, the Abraham Lincoln Capital Airport is the closest. Springfield, Illinois, wasn't always the state capital. It took the work of then State Representative Abraham Lincoln to make it that way in 1839. So it's no wonder that Springfield boasts numerous Lincoln attractions, including the only home he ever owned, his old law office, and the Abraham Lincoln Presidential Library and Museum. The city of 116,000 residents is the second largest city outside the Chicago Metropolitan Area, and the largest city in Central Illinois. Springfield is also home to the Illinois General Assembly, the Illinois Supreme Court, and the Office of the Governor of Illinois.
Lease-to-own or lease option homes provide potential home buyers with great advantages, which include hassle-free buying without any competition, saving time, and building non-cash equity. Minimum out of pocket cash needed to move in your home. When you lease purchase from us, you will not pay any closing costs up front.

Here at RentOwn we make sure all images of Springfield rent to own houses are accurate, giving you the peace of mind when browsing for your future home. The Springfield rent to own process is an increasingly popular plan to convalesce your credit rating through regular saving over a significant period of time. RentOwn.net's list of Springfield homes are yours for less than 4 cents a day through our four week trial, which you can cancel at any time. Thanks for visiting RentOwn.net the best rent to own website for all Springfield properties.