Rent to Own Homes in Arlington
The below results are primarily rent to own homes in Tarrant County, TX:
Arlington is located right in the middle of Fort Worth and Dallas, Texas. With major highways running straight through the area, both of these larger cities are less than a half hour away without traffic. You may guess that Arlington falls within Arlington County, but the city is actually located within Tarrant County. Home to the UT Arlington campus and many large employers, many magazines and media outlets have praised the city as one of the best places to live. For instance, Forbes listed it as one of the best places to buy a home in 2014.
Arlington is also an exciting place to live if you enjoy live sporting events. In addition to Arlington Stadium, residents can see the Dallas Cowboys play at AT&T Stadium or the Texas Rangers play at Globe Life Park. AT&T Stadium also hosts a variety of musical concerts each year. For outdoor amusement, Six Flags is waiting nearby. The Arlington Convention Center and Visitors Bureau serves as the welcome center for visitors and an entertainment and business venue for locals.
For those interested in history, Arlington is also home to memorials like Arlington House. Locals have the option of serving on the Arlington City Council, and many students look forward to graduating from Arlington High School and moving across town to the University of Texas.
Buying a Home in Arlington
Arlington has a young population with many small neighborhoods perfect for growing families. If you don’t mind the commute, you can easily purchase a home in a pleasant neighborhood here and drive to work in the nearby large cities. This will save you a lot of money, since real estate prices are typically much lower here than in Fort Worth or Dallas.
If you can meet income guidelines and are buying your first home, you may also qualify for the Arlington Homebuyer Assistance Program. This program assists low-income consumers with money that is credited toward their down payment as long as they are eligible to secure a home loan.
Popular Neighborhoods in Arlington
Downtown Arlington will keep you close to the big entertainment venues, including Six Flags, AT&T Stadium and the Convention Center. This also means dealing with heavy traffic at times and a larger population of visitors. Real estate prices in this area are sometimes prohibitory for buyers, but others love the big city vibe and wouldn’t want to live anywhere else.
If you’re searching for affordable housing in a safe neighborhood, look to the Pantego area. The median home value is approximately $150,000, and the community enjoys easy access to a variety of restaurants and retail stores. Dalworthington Gardens is another desirable neighborhood, but expect home prices more in the $250,000 range.
Buying vs. Rent to Own Homes
If you want to take advantage of the local home-buying assistance program, you may have to secure a home loan before receiving your down payment supplement. If you’re searching for an alternative path to homeownership, consider a rent-to-own agreement. This is a unique contract which allows you to rent a home before taking that final step to purchase. You have some extra time to save up your down payment and secure a loan with an affordable interest rate, and you can move into the home right away. You also don’t have to worry about paying for maintenance of the home until you officially make it your own.
Cost of Living in Arlington
The cost of housing in Arlington is considerably less than the national average, and it’s much lower than housing prices in most areas of Dallas and Fort Worth. You can also expect to pay less than the national average for most goods and services, and many homeowners find that their utility bills are lower than national averages as well. If you need to stretch your payday as far as possible, this is a good place to make it happen.
Arlington is conveniently located within a half hour of Dallas and Fort Worth, and it is one of the most affordable Texas cities. The downtown area offers nonstop amusement as the home of Six Flags and many stadiums for live sporting events and music concerts. With exceptional public schools throughout the city and a University of Texas campus, this is also a great city for those seeking education. Many neighborhoods offer affordable homes with stores and restaurants nearby, so young families are attracted to the area.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.