Rent-to-Own

Wizards of Real Estate is Partnered with Home Equity Partner

Your Path to Homeownership

We understand that every buyer’s situation is unique. Below, we have outlined three potential paths to purchasing your next home, ranging from traditional lending to our specialized rent-to-own partnership.

1. Start with a Mortgage Broker

Before exploring rent-to-own, we always recommend speaking with a mortgage broker—even if you have already been denied by your bank or credit union.

Why? Banks often have limited loan products. Brokers have access to dozens of programs and lenders.

• ** The Benefit:** This is your most affordable route. Many clients find they can get pre-approved immediately or within just a few months.

• Need a referral? If you haven’t spoken to a lender yet, let me know. I can connect you with the top local professionals I trust.

2. Private Seller Rent-to-Own

If traditional financing isn't an option yet, the next most cost-effective method is finding a private seller willing to hold a contract.

• The Challenge: These homes are rare and move very quickly. 

• The Strategy: You can look for rentals on sites like Zillow and ask landlords if they are open to a rent-to-own agreement, though this often requires significant time and calls to find a match.

3. Our Premier Partner Program: Home Equity Partners

This is our most flexible and popular option. Through our partnership with Home Equity Partners, we can turn almost any home for sale into a rent-to-own opportunity.

• How it works: Once approved, we buy the home you want with cash, then lease it back to you with the option to purchase.

• Who fits this program? We support clients who may not qualify for traditional financing right now but have strong income and a down payment available.

• Less "Red Tape": This program generally has fewer restrictions regarding credit scores compared to other national programs.

About Home Equity Partners Our partner is an award-winning innovator in real estate solutions:

• 2019 Greater Grand Forks Chambers Shark Tank Winner

• 2019 Innovate ND Phase I & II Program Winner

• 2020 DisruptWell Winner for Innovation & Scale

How it works

Client Prequalification Criteria:

      - Household Income: $8,000+ / month

      - Home Price: $200,000+

      - Down Payment: $20,000+ (This varies, but you have to have a down payment at closing, which could hover around 5%-20% for this program

      -No minimum credit score. Any credit score accepted.​​​​​​​