Rent to Own in Utah, Rent to Own Utah, Rent to Own Homes in Utah, Utah Rent to Own, Rent to Own Houses Utah
Hello I’m the owner of Sunny Day Homes, LLC and my goal is to help you own your own rent to own home in Utah! We have rent to own homes in Utah. Our Utah Rent to Own program helps people own their own home despite their credit or circumstance. A nice thing about the Utah rent to own homes you’ll find on this website is that they are inexpensive enough that you can end up owning your own home for about the same amount of money it costs to rent. Click Utah Rent to Own Homes to see available listings of Utah rent to own homes.
Tired of renting? I don’t blame you. I know people who have rented for 10 or 20 years and in the end don’t have anything to show for it. The sad truth is that some people have rented so long they could have owned their own home if they had only put their rent money toward buying a house. By renting to own in Utah, you can own instead of rent. Let me explain…
Utah rent to own homes gives you equity with each payment. A portion of each monthly payment–say $50 to $200–goes towards buying the house. That way, with each Utah rent to own payment, you gain more and more ownership in the house. Also, instead of a deposit, when you rent to own, you make an initial downpayment. This downpayment plus all the consecutive monthly payments you make add up over time. After a few years or however long you need, you can go to the bank and get a loan.
It is easier to get a loan when you do rent to own because the bank sees that you have already accumulated a larger downpayment. So when all is said and done, you end up owning one of our Utah rent to own homes while making roughly the same payment you would have made to your landlord. Sounds great doesn’t it? Well, it even gets better.
If for whatever reason the bank denies your loan and you’ve made your Utah rent to own payments for two years without any late payments, we are willing to seller finance our homes so that the home can be in your name and so that you can get the tax benefits and other benefits of owning a home in Utah. I do this as a guarantee to people who do rent to own with me.
You can be assured that either way, if you keep your part of the deal and make your payments on time, I’ll make sure you end up with the Utah rent to own home you are working so hard to buy. Utah rent to own is a good way to home ownership even in a tough economy.
What the benefits of renting to own as opposed to renting? Our Utah rent to own homes provide 3 major benefits over renting:
First, you get ownership in the home. Instead of having to deal with a nosy landlord, you end up controlling your destiny and owning the home! The way I rent to own homes in Utah is I have a guarantee that I’ll make you a home loan if you have made two years of on-time rent to own payments, I will make you a mortgage loan.
Second, renting to own allows you to stop pouring money down the drain in paying rent. Instead of paying rent, a portion of your rent to own payment is credited towards buying the home.
Third, with rent to own, you get to change and renovate the home just the way you like it. This is nice because it gives you freedom! Also, you don’t have to deal with a landlord that is strict and has lots of regulations.
A practical example of one of our rent to own homes in Utah:
Say you have a Utah home that you are renting to own for $100,000. Say your rent to own downpayment was $3,000. Also, let’s say that you get $100 credit a month towards buying the house. If you do rent to own for two years, here is how it would look:
Original Price: $100,000
Downpayment: -$3,000
Rent to Own Credit Year 1: -$1,200
Rent to Own Credit Year 2: -$1,200
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Final Purchase Price After
Renting to Own for 2 years: $94,600
Of course one of the best things about our Rent to Own Utah guaranteed success program is that as long as you make the rent to own payment each month on time, we’ll make you a loan no matter what your credit is like!