Summit Gray Properties Rent to own program

 If you’re close to qualifying for a mortgage but not quite there yet, our Rent-to-Own Program gives you the opportunity to live in your future home today while preparing for full ownership.

Instead of throwing money away on rent, you can build equity, strengthen your financial profile, and work toward loan approval — all while enjoying the stability and pride of living in a home you plan to own.

1. Move Into Your Future Home

Choose one of our qualifying home and secure it through our lease option agreement.

2. Small Down Payment (Option Fee)

A 3% down payment secures your exclusive right to purchase the home at a predetermined price.

3. Monthly Payments

Your monthly payment is calculated based on the estimated mortgage payment for the home. This helps prepare you for homeownership while building a strong payment history.

4. Build Equity & Credit Strength

During the lease term, you demonstrate reliable payment history and improve credit and financial readiness for mortgage approval.

5. Purchase When Ready

Once approved for financing, you exercise your purchase option and become the homeowner.

• Down Payment: 3% option fee
• Monthly Payment: Based on estimated mortgage payment
• Term Options: 1 to 5 years
• Purchase Price: Locked in at the start of the agreement
• Right to Purchase: Exclusive to you during the lease term

A portion of your payments contributes toward ownership instead of disappearing as rent.

Protect yourself from rising home prices while you prepare for financing.

Establish documented payment history and improve creditworthiness.

Enjoy stability, pride, and long-term security while living in your future home.

Repair credit, reduce debt, and build savings while already living in the home.

Move in once and transition seamlessly into ownership.

• Buyers rebuilding or improving credit
• Self-employed individuals needing income seasoning
• Families relocating and establishing job history
• Renters tired of paying without building ownership
• Buyers waiting to qualify for traditional financing

 Traditional Renting                   Rent-to-Own

No ownership benefit               Path to homeownership

Rent increases possible          Purchase price locked

No equity building                    Equity growth potential

No financial progress             Credit & payment history built

Our mission is to help responsible individuals and families transition from renting to owning — even if they’re not mortgage-ready today.

Stop renting. Start building your future.

Contact us today to see if you qualify and view available homes.