Rent-to-own Houses in Edmonton: A Guide to EP Homes' No Down Payment Program

Are you tired of renting and dreaming of owning a house in Edmonton? For many people, saving up for a large down payment can be a significant hurdle to homeownership. Fortunately, EP Homes offers a rent-to-own program that can help you achieve your goal of owning a house in Edmonton with no down payment required.

 

EP Homes’ rent-to-own program really is 0% down! The program allows you to rent a house for a specific period, with the option to purchase the property at the end of the lease term. This program is an excellent alternative for those who cannot make a large down payment upfront, new to Canada with no credit history or do not qualify for a traditional mortgage.

One of the most significant advantages of EP Homes’ rent-to-own program is that it does not require a down payment. This means that you can move into your dream house without having to save for a large sum of money upfront. Instead, you can focus on saving for your down payment while building equity in the property and improving your credit score over the term of the program.

 

EP Homes’ rent-to-own program also offers a flexible lease term ranging from two to three years. Additionally, the program offers you the option to purchase the property at any time during the lease term, giving you the flexibility to become a homeowner when you’re ready.

 

Another advantage of EP Homes’ rent-to-own program is that it can help you build equity over time. Unlike traditional renting, where your monthly rent payments go towards your landlord’s equity, EP Homes’ rent-to-own program’s monthly payment has a lease + savings component. The savings component is  a portion of your monthly rent payment that accumulates to form your down payment. . This means that by the end of your lease term, you will have  your down payment, making it favourable for you to obtain a mortgage.

To find rent-to-own houses in Edmonton, you can start by browsing online listings and classifieds. You can also contact a local real estate agent who specializes in rent-to-own properties. They can help you identify properties that meet your needs and budget, as well as provide guidance on the rent-to-own process.

 

In conclusion, EP Homes’ rent-to-own program is an excellent option for those who dream of owning a house in Edmonton but cannot make a large down payment upfront. With no down payment required and a flexible lease term, this program can help you achieve your goal of homeownership while saving for your down payment and improving your credit score. Contact EP Homes today to learn more about their rent-to-own program and take the first step towards owning your dream house in Edmonton.

What Our Clients Are Saying

The program gave me the chance to live in a new house in this great neighbourhood while I saved money for my down payment. I’m now a homeowner! I would highly recommend this program to everyone; I give it a 10/10… it works.
Ryan W. | EP Homes Graduate 2021 | Edmonton, AB
Highly recommend the program to any first-time home buyer. My experience was the EP Homes team was great. I’m living in a new house in a quiet community that’s a great fit for my family.
Tara D. | Edmonton, AB
I’m so happy we found a house we loved and with the program we are on our way to becoming homeowners. The EP Homes team is always available with just a phone call to help with any questions we had.
Ken T. | Edmonton, AB
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