Yes. Your 20% option fee is credited toward your future home purchase once you qualify for a mortgage. We collect this at the time we secure a contract on the home you select. Please ensure your funds are available at this stage, as the option fee is required to move forward. When you purchase the home through Havenstone Homes, the option fee counts as part of your down payment.

What does the monthly payment include?

Your monthly payment is the full rent payment. The only additional charge may be an HOA fee if the neighborhood requires one, which would be added to your rent. Payments increase by 3% every two years. Havenstone Homes is transparent, there are no surprise charges.

Yes. A portion of your monthly rent is credited toward reducing the buyback price of your home. Over time, these credits add up and help lower the amount you will need to finance when you are ready to purchase.

Havenstone Homes does not charge application or hidden fees. The only upfront requirement is the 20% option fee plus closing costs (up to 5%). Together, this means clients should plan for about 25% of the home’s purchase price upfront. After that, you simply pay your monthly rent as quoted.

No. Havenstone Homes is not a lender. We purchase the home in our name and lease it to you under a lease-to-own agreement. You get the guaranteed right to purchase the home when you become mortgage eligible. Your on-time payments are also reported to credit bureaus to help you qualify for a mortgage sooner.

Yes. In addition to the option fee, you are responsible for closing costs. These are typically no more than 5% of the purchase price and may be reduced through seller credits. Havenstone Homes makes this clear upfront so there are no surprises later.

Yes, pets are allowed. Renters insurance that covers pet-related incidents will be required. Restrictions may apply based on property or insurance limitations.

Yes. Havenstone Homes focuses on homes priced between $100,000 and $1,500,000, depending on the market. This ensures we are targeting quality homes that provide stability and long-term value for our clients.

If you default on your lease, you forfeit your option fee and the rent paid up to that point. Havenstone Homes will then relist the property and place another client into the program.

If you choose not to buy, you may end the lease at the end of your lease term. Your option fee and credits are non-refundable, but you will not be locked into ownership if your circumstances change.

There is no maximum time limit. As long as you remain in good standing with your lease, you can continue to renew until you are ready to purchase the home.

Yes. Since the goal is ownership, you may make changes or upgrades as long as they comply with local regulations and HOA rules, if applicable.

Havenstone Homes works primarily with immigrants, families with limited credit history, self-employed individuals, and anyone who has savings but cannot currently qualify for a mortgage.