Introducing American Residential’s Resident Rewards Rental Program
This fantastic program is designed to make the home buying process easier by providing qualified customers with down payment assistance to purchase their home.
How does the program work today?
Qualifying customers who rent their home and pay the qualifying rental deposit at lease signing may be eligible for assistance with a 5% down payment to purchase their home:
- After 9 months of complying with the lease terms, including timely rent payments, for customers with FICO scores of 600 or higher
- After 18 months of complying with the lease terms, including timely rent payments, for customers with FICO scores below 600
For qualifying customers who are eligible to purchase their home, the initial rental deposit may be applied to the down payment, with American Residential funding the remaining down payment up to 5% of the purchase price, including the initial rental deposit.
For more information about this amazing home ownership opportunity, click here.
American Residential’s Resident Rewards Rental Program is subject to change without notice. Other terms and conditions may apply, including qualified customers agreeing to not move the home from the community for a period of time after purchase, typically 48 months. This is not an offer of financing or otherwise from American Residential or any of its affiliates. Any financing available from third-party lenders is subject to credit approval. The market price of the home shall be determined by American Residential. All applicants must meet background and credit criteria at the time of purchase of the home. Homes are sold by ARC Dealership LLC.