Want to own your own home… but not quite ready to buy?
Need some time to clean up your credit or save for a down payment?

Would you like to get ½ of your rent back for the next year?

Maybe Islander Village’s Rent to Own program is right for you.

Rent your beautiful brand new home for up to a year and then purchase your home, and we will give you ½ of your rent back towards your closing costs and down payment.

See below for a description of how the program works.

2 Bedroom / 2.5 Bath Home

Then you rent for the next year.
Rent is $1,695 per month plus all utilities

At the end of 12 months you purchase your home.
At that point you will have paid $20,340 in rent.
We return ½ of your rent to you minus your homeowner’s fees for the year: $8,550.

This $8,550 Rent Credit
Plus your $2,000 deposit on the purchase
Plus your $1,000 security deposit
Add up to $11,550 that you have to pay for Closing Costs and help with your down payment.

Sign a Rent to Own Contract
Put down a $2,000 deposit on the purchase of the Home.
Provide a $1,000 security Deposit for the rental.
Provide First Months Rent of $1,895
(So… what do you need to move in: $4,895)

Then you rent for the next year.
Rent is $1,895 per month plus all utilities

At the end of 12 months you purchase your home.
At that point you will have paid $22,740 in rent.
We return ½ of your rent to you minus your homeowner’s fees for the year: $9,750.

This $9,750 Rent Credit
Plus your $2,000 deposit on the purchase
Plus your $1,000 security deposit
Add up to $12,750 that you have to pay for Closing Costs and help with your down payment.

Isn’t that better than throwing away your rent for the next year?

For More Information Contact:

Debbie Swift Batty (305) 293-3255
Joyce A. Unke (305) 294-3225