How Rent to Own Works

Everyone does Rent To Own differently.


How WE do rent to own: Please note each home has it’s own unique rent and option fee.


You start out as a tenant, paying your monthly rent. 

There is no security deposit and no last month’s rent up front.

What makes it a “rent to own” is the option to purchase agreement.  This agreement holds today’s price for the next 12 months and holds it exclusively for you.  What this means to you, is that no one can purchase the property but you and we freeze today’s price for 12 months into the future.


The option to purchase fee is generally 4-6% of the purchase price.  The amount of this fee is dependant on your yearly income, job history and credit.  The option fee is paid up front when you sign the rental lease and option.  This fee is 100% credited toward the purchase price, when the home is purchased within the 12 month option period.  Some people begin the purchase process immediately and own the home within a few months.  Other people may need to restore their credit and then they purchase further into the 12 month option period.  The option fee is only applied to the purchase of the home, it is not refundable.


We also offer rent credits.  For every month of the option period that your rent is received in our office before the 1st of the month, we will credit $100.00 of that month’s rent toward the purchase as well.  So you could have another $1200.00 credited toward the purchase.


When you are ready to purchase, you have a few choices:

1)      You can obtain financing through the lender of your choice.

2)      We are happy to recommend local lenders that are great to work with.

3)      We are open to carrying a contract (seller financing).  Please ask us for specific details.             

4)      You can buy the home with cash.


This is a quick summary of how WE do rent to own.  Please call or text 319-350-4072 for more details on the specific home you are interested in.


We want to help you own the home of your DREAMS!!


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    When my husband and I went to look at our beautiful home for the 1st time, we never imagined that one day we would be the Homes' Owners!  I have and would recommend Julie Freeman to anyone looking for a home. With her special tourch on her homes she makes them all amazing and ready to move in.  We had some back luck with medical bills that hurt our credit score.  Julie had faith in us and worked with us until our credit was all cleanded up.  Julie Freeman Rocks!!

    Matt and Darlene H  -  Cedar Rapids
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    We are so happy as a family to own our first home.  It only took two months for us to get here!

    Desiree and Nathan  -  Cedar Rapids
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    "We were originally thinking our credit was not sufficient enough to purchase a home at the time.  Julie then explained to us the ren-to-own process and how it would benefit people like us in our situation."


    Kris and Dawn C  -  Cedar Rapids
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    Has been helpful through the time it took for us to come to terms to financially be buying a home and worked with us and our family!

    Josh R  -  Cedar Rapids
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    Went from Rent to Own to being new homeowners in just 3 months!

    James and Stacy W  -  Cedar Rapids
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