Rent to Own

Low Deposit? Bad Credit? What Are Your Options?

You may think that rent to own is your only option, to break out of the rental trap. It isn't and we could help! We offer various home loan options, even if you have credit concerns, a low deposit or have already been rejected by a mortgage provider.

Apply with us:

  • Home loans with bad credit possible
  • First-time buyer home loans possible
  • Low deposit home loan options available
  • No 'hard' credit check when you apply
  • Approvals with Centrelink income possible
  • Fast mortgage approvals possible
  • Personalised & FREE lending assessment
  • Affordable terms to suit your financial situation
  • We are experts in alternative home loan solutions

Note: While rent to own home agreements are not available via Rapid Finance, we could assist with alternative home loan options for people with a low deposit or bad credit. To qualify, you must be an AU citizen or permanent resident, earn over $700 per week, and have unpaid defaults under $5,000.

Free Finance Assessment

No 'hard' credit check to apply

Based on the criteria you have selected, you may qualify with one of our partners. Click continue to be referred to continue your enquiry

Real Customer Reviews for Rapid Finance

Read what it is about our service that leads hundreds of 5-star customer reviews.

What are Rent to Own Homes?

Rent-to-own homes provide an alternative path to homeownership, especially for those without a good deposit or with credit challenges. In a rent-to-own agreement, you rent a property for a specified period with the option to purchase it at the end of the lease term. A portion of your rent payments may be applied towards the home's purchase price, helping you build equity over time.

Rent-to-own arrangements can be particularly beneficial for individuals looking to:

  • Improve their credit score before securing a mortgage
  • Lock in a future purchase price in a rising market
  • Save for a deposit while living in the home
  • Test out the home and neighbourhood before committing to buy
  • Avoid immediate mortgage requirements

While we do not offer rent-to-own home agreements at Rapid Finance, we understand the appeal of this option and could assist you with alternative home loan solutions. Our tailored loan solutions cater to various needs, helping you achieve your homeownership goals even if you have credit concerns or a low deposit for a home loan.

How do Rent to Own and Bad Credit Home Loans Compare?

Rent to own agreements and bad credit home loans both provide pathways to homeownership for individuals with credit challenges, but they have distinct advantages:

Advantages of Rent to Own:

Advantages of Bad Credit Home Loans:

Both options have their unique benefits, and the best choice depends on your individual financial situation and homeownership goals. Rapid Finance could help you explore your low deposit or bad credit home loan options to find the best fit for your needs.

Rapid Resources

Bad Credit Home Loans

Don't let bad credit end your home-owning dream

Read more

Low Deposit Home Loans

It may be possible for you to secure a home loan without a deposit or with only a small deposit. Find out more about our no and low deposit home loans here.

Read more

Rent to Own FAQs