Questions About Rent To Own in DE & PA?
Rent To Own with PPS — DE & PA FAQ
If you don’t see your question here, include it in your application and we’ll address it directly.
Do I need perfect credit to qualify?
No. Many of our clients are rebuilding credit, self-employed, or recently experienced life changes that make bank financing harder. We look at your overall picture—income, payment history, and willingness to follow a plan—not just a credit score.
How long is the typical Rent To Own term?
Most PPS Rent To Own terms range from 1 to 3 years. The exact timeline depends on your starting point and how long you’ll realistically need to get mortgage-ready. We outline this clearly before you sign anything.
What happens if I decide not to buy the home?
Your agreement gives you the option, not the obligation, to purchase. If you choose not to buy, you are not forced to, but you may forfeit some or all of your option credits depending on your specific contract. We review this in plain language up front.
Is my monthly payment higher than regular rent?
In many cases, yes—because part of your payment can be structured to build credits toward your future purchase. We’ll walk through the numbers with you so you understand your rent, option credits, and estimated future purchase price.
What’s the first step to get started?
Complete the quick assessment at the bottom of this page. We’ll review your details, schedule a consultation if you’re a fit, and walk you through next steps, including estimated budget, areas, and timeline.
Are there down payment assistance programs in Delaware and Pennsylvania?
Yes — both states offer programs that can help with down payments or closing costs. See the Delaware State Housing Authority: destatehousing.com and the Pennsylvania Housing Finance Agency: phfa.org for program details and eligibility.
Contact a local housing counselor to find programs that match your situation.
How do I check if my county or ZIP is eligible?
If unclear, contact the program or a local housing counselor with your county/ZIP for confirmation.
If you need help, contact a local counselor and we’ll connect you to the right resource.
What local counseling or legal supports are available in DE & PA?
HUD-approved housing counselors, nonprofit housing agencies, and legal aid organizations offer counseling, tenancy and purchase guidance, and assistance with mortgage readiness. Use HUD’s counseling directory or contact your state housing agency (links above) to find local providers.
We recommend contacting a counselor early to review options and get personalized guidance.
Will my rent payments in DE/PA count toward a future purchase?
Sometimes. When a Rent To Own agreement includes option credits, a portion of your monthly payment can accumulate toward a future down payment. Exact terms depend on your contract and any local program rules; ask your counselor or attorney to review your agreement for details.
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