Rent to Own Homes in Mission
Showcased in the miniseries and novel, “Lonesome Dove,” the city of Mission embodies all the personality of the Old West. Enterprising folks have long made Mission home, from early Native American Coahuiltecans to Spanish settlers. Later, it was the Civic League of Mission that developed the first library in town, which now encompasses 30,100 square feet.
Today,... Read More
Showcased in the miniseries and novel, “Lonesome Dove,” the city of Mission embodies all the personality of the Old West. Enterprising folks have long made Mission home, from early Native American Coahuiltecans to Spanish settlers. Later, it was the Civic League of Mission that developed the first library in town, which now encompasses 30,100 square feet.
Today, Mission's early enterprising spirit continues with the Mission Economic Development Authority. The economic development agency’s goal to attract business is supported by Mission City Hall, city government officials and a strong education and training system. Local education is provided by Mission Consolidated Independent School District as well as La Joya, Sharyland and South Texas independent school districts.
Mission is home to 83,563 Texans, with a median income of $36,407.The below results are primarily rent to own homes in Hidalgo County, TX:
Showcased in the miniseries and novel, “Lonesome Dove,” the city of Mission embodies all the personality of the Old West. Enterprising folks have long made Mission home, from early Native American Coahuiltecans to Spanish settlers. Later, it was the Civic League of Mission that developed the first library in town, which now encompasses 30,100 square feet.
Today,... Read More
Showcased in the miniseries and novel, “Lonesome Dove,” the city of Mission embodies all the personality of the Old West. Enterprising folks have long made Mission home, from early Native American Coahuiltecans to Spanish settlers. Later, it was the Civic League of Mission that developed the first library in town, which now encompasses 30,100 square feet.
Today, Mission's early enterprising spirit continues with the Mission Economic Development Authority. The economic development agency’s goal to attract business is supported by Mission City Hall, city government officials and a strong education and training system. Local education is provided by Mission Consolidated Independent School District as well as La Joya, Sharyland and South Texas independent school districts.
Mission is home to 83,563 Texans, with a median income of $36,407.The below results are primarily rent to own homes in Hidalgo County, TX:
Buying a Home in Mission?
Mission real estate is ideal for homebuyers. Home prices are relatively stable, with a median sale price of $160,000. About 20 percent of Mission’s homes for sale are offered for less than $100,000. Forty-six percent cost from $100,000 to $199,999. Only about 5 percent of all homes here are listed for more than $500,000. In all, there are about 500 homes on the market in Mission. This volume and pricing give house hunters a wide range of affordable homes. Homebuyers can take their time considering all of their options, too, since homes tend to stay on the market for 117 days.
Buying vs. Rent to Own Homes ?
Renting to own a home offers many benefits that a conventional purchase does not. With a traditional home purchase, all of the stress and work is expected up front. Purchase negotiations, mortgage coordination and down payments are all expected to be completed immediately. With rent to own homes, the process is more flexible and relaxed. Once you negotiate a rent-to-own contract, you pay an option fee and move in. Monthly rent premiums help you pay down your purchase price, and you have plenty of time to build a down payment and find a good mortgage rate. It’s a progressive, simple process that gives you time to work toward homeownership.
Tucked into the heart of the Rio Grande Valley, Mission is a vibrant, comfortable community. It is one of the fastest growing towns in the country, offering a low cost of living, affordable housing and a convenient location. Nearly two-thirds of all Mission homes cost less than $200,000, and a good portion of those are sold for less than $100,000.
Citrus is king in Mission, and locals enjoy celebrating the multimillion-dollar crop each year with the lively Citrus Fiesta. McAllen is just 8 miles east of Mission, and Moore Air Force Base is 14 miles northwest of the city.
Summary
Tucked into the heart of the Rio Grande Valley, Mission is a vibrant, comfortable community. It is one of the fastest growing towns in the country, offering a low cost of living, affordable housing and a convenient location. Nearly two-thirds of all Mission homes cost less than $200,000, and a good portion of those are sold for less than $100,000.
Citrus is king in Mission, and locals enjoy celebrating the multimillion-dollar crop each year with the lively Citrus Fiesta. McAllen is just 8 miles east of Mission, and Moore Air Force Base is 14 miles northwest of the city.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
- 78572
- 78574
- 78573