Rent-to-Own for First-Time Homebuyers
Never bought a home before? Rent-to-own removes the risk.
Traditional mortgage is a leap of faith. Rent-to-own is a bridge.
Why Rent-to-Own is Perfect for First-Time Buyers
Problem 1: You Don't Have a Down Payment
Traditional: Save 5-20% ($10-40k) before you can even start.
Rent-to-Own: Move in with $0 down. Build equity as you live.
Problem 2: You Don't Know if You're Ready
Traditional: Sign a 30-year mortgage immediately.
Rent-to-Own: Test-drive homeownership for 24 months. Then decide.
Problem 3: Your Credit Isn't Perfect
Traditional: Rejected or charged 8%+ interest.
Rent-to-Own: Approved at 520+. Build credit while you live.
Problem 4: You Don't Understand the Process
Traditional: Confusing paperwork, unknown costs, fast timelines.
Rent-to-Own: MJ walks you through every step. 24/7 advisor.
How It Works for First-Timers
Phase 1: Rent (24 Months)
- Live in your home (it's yours to test)
- Pay market-rate rent
- 15% of rent = down payment credit
- Build credit & savings
Phase 2: Own (Month 25)
- Apply for mortgage
- MJ advisor helps you navigate approval
- Rent credits apply to down payment
- Sign closing documents
- Become the owner
Your First-Time Buyer Timeline
Month 1: Apply + move in
Months 2-24: Build equity + credit
Month 22: Pre-approval
Month 24: Close on your home
Your timeline: 2 years from application to homeownership
What First-Timers Are Worried About
"What if I don't qualify for a mortgage?"
MJ gives you 24 months to improve credit and save. 95% of lease-holders qualify.
"What if I want to move after 1 year?"
You can. You forfeit remaining rent credits. But most stay.
"What if I hate the home?"
24-month lease is long enough to know. Most people love it by then.
"What if the home has problems?"
You get a full inspection before signing. MJ repairs are covered.
First-Time Buyer Checklist
Before applying:
- ✓ Steady job (12+ months)
- ✓ Income $2,000+/month
- ✓ No active lawsuits/evictions
- ✓ Government ID
- ✓ Pay stubs ready
Real First-Time Buyer Story
Jeremy (age 28, software engineer)
- Situation: Good job, $0 saved, credit 620, never owned home
- MJ Path: 24-month lease, $160k home in Lehigh Acres
- Monthly rent: $950 (15% = $142 credit/month)
- Month 24: Owned home with $3,408 down payment, credit 680
- Today: Homeowner, building equity
Next Steps
Ready? Apply now
Questions? Chat with an advisor
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