SuburbanRTOHomes.com is a division of GSF Mortgage and Home Buyers Realty.  We buy foreclosed properties throughout the Chicagoland area.  Once we purchase the homes, we send in our work crews to totally gut and rehab them.  On our most recent home, we put on a new roof, replaced some of the siding,  replaced landscaping, put in new carpet and padding throughout the interior, replaced the kitchen and put in tile flooring and stainless steel appliances, and of course repainted and repaired the walls.  We also installed a new washer and dryer.  The rehab usually takes around 30 days and the property is basically a new property when we are completed.  We encourage you to view all our pictures and videos of our properties in our sold homes section in the main menu.     
 
Once the rehab is complete we put the home on the market rent to own.  Our rent to own program is a short term program.  To move into the home you would have a security deposit between $1,000 - $2,000 and the first months rent.  Your rent payment would be the equivalent of your mortgage payment (including the escrow for your property taxes and home owners insurance).  We credit you 100% of your security deposit and 100% of all your rent payments towards your down payment.  By crediting all the rent and security deposit towards your downpayment we are able to close on the mortgage after you have been in the home only two months - this is basically an "early occupancy" program that allows you to occupy the home before the mortgage financing is completed.   Once we determine you have the necessary down payment we close on the mortgage loan with our sister company, GSF Mortgage.  Your mortgage will be a 30 year fixed rate mortgage at market rate with your property taxes and home owners insurance escrow included in your monthly payment.          
 
What are we looking for in our applicants?  We know that the credit is going to be bruised - especially in this economy.  We expect that and are able to work with that.  However, we are going to run a credit check.  We want to make sure that there have been no foreclosures in the last 3 years, and no bankruptcies in the last 2 years.  We also want to make sure there are no open judgments, or that you have the ability to satisfy them before closing.   Of course, we also want to make sure you have enough income to make the monthly payment on your new home!  For more specifics on how to qualify, please visit the Q/A section of our Rent To Own Blog located in the main menu.   
 
Our Rent to Own homes are located throughout the Chicagoland area, and our monthly payments average between a low of $1,400/mth, and a high of $2,800/mth - it all depends upon the market value of the property.     

I look forward to hearing from you to discuss your particular situation!  Please contact me at 630-806-7016 (office) or my cell at (630) 430-1091!  Or if you prefer, please enter a complete application under the EZ Application box in the left hand column.  Rest assured, this is a secure website.