Houston's Alternative for Rent To Own Houses

At LGI Homes, we pride ourselves on being Houston's Leader in Affordable New Homes. Often times, the monthly payment on one of our homes is equal to or even cheaper than what typical first-time buyers are currently paying in rent! Our methodology is simple, we build and develop communities in locations slightly further out from the metro area so we can sell them at an affordable price.

In the Greater Houston Area, we have communities located near Cypress, Conroe, Katy, Tomball, Baytown, Crosby, Magnolia, League City, Pearland, Sugar Land, and North Houston!

houston rent-to-own housesRent-to-Own Houses in  MagnoliaRent-to-Own Houses in  PearlandRent-to-Own Houses in  Luxury PearlandRent-to-Own Houses in  CypressRent-to-Own Houses in  Sugar LandRent-to-Own Houses in  ConroeRent-to-Own Houses in  TomballRent-to-Own Houses in  Luxury MagnoliaRent-to-Own Houses in  League CityRent-to-Own Houses in  BaytownRent-to-Own Houses in  KatyRent-to-Own Houses in  Oak Forest / Garden OaksRent-to-Own Houses in  Crosby

How Does Rent-to-Own Work in Houston?

When home buyers in the Greater Houston Area are researching different ways to purchase a home, they may come across the option of rent-to-own houses. Sometimes referred to as a "lease option" or "lease-to-own agreement", this may come across as an attractive option for those who do not have the means to provide a significant down payment on a home.

While there is no official standard rate or process for rent-to-own options in Houston, typically, the potential buyer pays an option fee (sometimes referred to as "option consideration") which gives them the opportunity to purchase the home in the future. This fee is usually non-refundable and typically ranges between 2.5% - 7% of the house sales price.

Attention Houston: There is a Better Alternative

While most of our buyers qualify for an FHA loan and put down approximately 3.5% - 5%, did you know that many of our homeowners qualify for putting No Money Down? LGI Homes works with preferred lenders who have offices in each of our community information centers so we can provide the best possible experience for our buyers. If you live in the Houston area and are tired of paying rent or considering or a rent-to-own option, you owe it to yourself to meet with one of our New Home Consultants that can help you achieve your dream of homeownership. Contact us today!

Superior Quality Homeowner Testimonials No Money Down