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Buying a house is a big step, and we’re here to help make sure it’s the right decision with our Rental Conversion Program.

Homeownership is the American dream, but many people are hesitant to purchase a home of their own after the economic downturn in 2007. Deciding if you are ready to buy a house and when can be a daunting decision, but at Yes! we understand these concerns. This is why we provide residents with the option to rent while they determine if homeownership is right for them. When the time is ready for residents to buy a house and dive back into homeownership, we offer them our Say YES! To Homeownership program.

How do you qualify for the Say YES! To Homeownership Program?

The Say YES! To Homeownership program is offered to residents of at least six months that have good credit history and a consistent, timely payment record.

How does the program work?

Once you qualify for this program your rental lease will become void and you will begin the process of purchasing the home. The program is meant to be simple and stress free, below are just a couple of the conveniences:

  • You can use your rental security deposit as a portion of your down payment
  • Your monthly payment should stay the same and could potentially be lower than your monthly rent
  • You stay in the exact home you have been renting so there is no moving, no surprises and no hassle

Who is the program right for?

Our Say YES! To Homeownership program is a great option for many residents in different situations, below are some common scenarios of past residents who took advantage of our program:

  • Long-time Community Residents: Great for residents who have lived in a Yes! community for a long time and have no desire to move to another neighborhood. Why not buy a home if you know you do not want to go anywhere else; you will gain equity in your home, your monthly payment should stay consistent and after a few years your home will be paid off!
  • New to the Area: If you are new to an area you might not know for sure where you want to settle down, this program is the perfect to get to know the area before heading down the road to homeownership.
  • Unsure of your exact needs in a home: You want to be sure you know exactly what you need from a home before you commit to homeownership. You may be unsure if you can make do with one bathroom or if two bathrooms are essential. Renting is a great way to distinguish what you do and do not need in your home before you become a homeowner. 

We are happy to offer our residents several options to achieve the dream of homeownership. When it comes to making the decision to buy a home we understand the time that goes into making the final choice and taking the first steps toward homeownership. 

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