Rent-to-own - GrowMyHome

What is Rent-to-own?

Rent-to-own is a payment model where you buy and rent the home at the same time. This means the home buyer pays a rental portion to live in the house and, at the same time, pays for the ownership of the house in small, affordable portions over a period of time.

How it works

Open your rent2Own homebuyers savings account at the partner bank.

Build your deposit in your mortgage savings account (a 10 to 30% deposit will be required).

View available home options.

Select your home.

Sign contracts and pay your deposit.

Move into the home.

Continue to make payments for the stipulated period of time (up to 20 years).

See Rent-to-Own FAQs, Click Here