With rent to own homes, the sales price is typically higher than market value. The monthly lease payment is also higher than market value. And, if you do not close on the home, you lose all of your investment—which benefits the homeowner.
When you take advantage of the Lease with Purchase Option Program at IPS Amarillo Homes, you don’t have to pay more for your rent. You can pay for an option fee (pre-paid rent), which actually decreases your monthly lease payment. The amount you pay for the option fee will go toward your downpayment.
Regardless of whether you pay the option fee or not, we will give you a $200 credit toward the purchase of the home for the first year. This equates to $2,400 in credit!