Rent to Own Homes in El Paso
The below results are primarily rent to own homes in El Paso County, TX:
El Paso rests in the far western corner of Texas, approximately 600 miles from Fort Worth. Sharing a border with Mexico, this area of West Texas is deeply influenced by the interaction of American and Mexican cultures. For instance, popular cuisine includes massive steaks commonly associated with Texas cattle farms as well as rolled tacos and other authentic Mexican dishes. Programs like the El Paso Del Norte Civil Rights Project are tremendous benefits to residents. This project started as a one-woman operation to help victims of domestic abuse but has expanded to help a variety of El Paso and New Mexico residents with modern civil rights issues.
One of the most remarkable features of El Paso County is Franklin Mountains State Park. Located in the Chihuahuan Desert, the park features a massive mountain popular with mountain bikers and hikers. The highest peak is more than 7,000 feet high, so you’re up for an adventure if you take on the challenge.
If you prefer to stay on safe ground, you can enjoy the rich history of the area by spending time at the El Paso Museum of Archaeology. The El Paso Municipal Rose Garden and El Paso Zoo are popular hangouts with locals as well. For a night out on the town, nothing beats a theatrical performance at the historic El Paso Plaza Theater.
When you’re ready to leave town for business or pleasure, the El Paso International Airport is approximately 10 minutes away from central El Paso. Whether you live downtown El Paso or on the outskirts of west El Paso, there’s nothing like driving down the highway to work and looking out at the beautiful expanse of Mexico just across the border.
Buying a Home in El Paso
You can get more house for less money in El Paso than you would in Fort Worth or Dallas, and most homeowners spend only 10% of their income on housing. As you start to shop around for a new home, keep in mind that you may not need a four-bedroom house, even if it is within your budget. Focus on finding a home that meets your needs and which is located in a neighborhood that fits your lifestyle. With affordable homes throughout the city, you’re bound to fall in love with one that fits your budget well.
Popular Neighborhoods in El Paso
If you’re an active duty military family or are interested in living in a safe neighborhood, Mountain View is a good option. The area is full of affordable single-family homes, and many residents are connected with Fort Bliss Army Base. The heavy presence of military officers creates a safe neighborhood with low crime rates. You also benefit from parks and community space as well as good schools.
If you want to feel like you live in a small town even in the midst of the big city, go to Park Foothills. This community is centered by Sunshine Park which serves as a social hot spot for the neighborhood. Businesses and stores are located nearby, so you get the vibe of living in a small country town. If your lifestyle is more urban and you want to enjoy the nightlife, look to Silver Springs Village.
Buying vs. Rent to Own Homes
If you have already saved up a solid down payment and your credit is strong enough to earn a low interest rate, you may feel ready to apply for a home loan right now. If you aren’t so ready, a rent-to-own agreement may work better for you. This type of home purchase allows you to start out as a renter and eventually end up the owner. You rent for a specified period of time with a portion of your rent going into a separate account. That money is eventually used to help you take out a loan and purchase the home. This ensures that you have time to prepare financially for the responsibility of home ownership.
Cost of Living in El Paso
Housing expenses in Texas are lower than national averages, but El Paso prices are currently even lower than the state average. Most other expenses also fall well below the national average, except for groceries which tend to cost just a bit more in El Paso. The overall cost of living is more affordable than many other areas of the country, and it’s one of the most affordable cities in Texas.
El Paso offers a unique living environment because it sits on the US/Mexican border. The local culture is heavily influenced by relations with Mexico, so residents enjoy a fun fusion of ideas and preferences from both ends. For instance, the local cuisine features Texan steaks as well as authentic Mexican dishes. Housing prices are currently much lower in El Paso than any other large Texas city, and the overall cost of living here is affordable even for those with lower incomes.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
Reported Annual Crime In El Paso