The Home of Lease Options, Helping Bridge the Gap Between Renting and Homeownership

At RedBird Homes, we help individuals and families move toward owning a home — even if they are not quite ready for traditional bank financing today.

Our Lease Option Program allows you to lease a home now while securing the opportunity to purchase it later at a locked-in price. This gives you time to:

  • Improve your credit
  • Save for a down payment
  • Learn the home and neighborhood
  • Prepare for traditional financing
  • Work toward homeownership instead of “just renting”

Flexible Home Options

Many of our homes are offered with multiple purchase paths depending on your goals, budget, and skill level.

Move-In Ready Homes

Some homes are fully renovated and ready for immediate occupancy with little or no additional work needed. These homes are ideal for buyers who want:

  • A finished home
  • Minimal maintenance or updates
  • A simple move-in experience

Light Rehab or As-Is Opportunities

We also occasionally offer homes at a lower purchase price that may need cosmetic updates or light improvements. These homes can be a great fit for buyers who:

  • Want a lower upfront cost
  • Have remodeling or handyman skills
  • Want to build additional equity through improvements
  • Prefer to customize parts of the home themselves

How the Lease Option Works

Our standard lease option term is typically 3 years and may have the ability to be extended depending on the situation. During the lease option period:

  • You lease the property like a normal home
  • You have the exclusive option to purchase the home
  • Your purchase price is locked in upfront
  • The home cannot be sold to someone else during your option period

The option payment is credited toward the purchase if you buy the home. If you decide not to purchase the property or terminate the lease early, the option payment is non-refundable.

Option Payment Requirements

An upfront option payment is required for all lease option homes. Typical option payments are often around $5,000, but the amount varies depending on:

  • The home
  • Purchase price
  • Condition of the property
  • Terms of the lease option agreement

Option payments must be paid upfront in full. We do not offer payment plans or installment arrangements for option payments.

Who Is a Lease Option Best For?

A lease option can be a great fit for individuals and families who are financially stable but may not yet qualify for traditional financing today. This program is often a good fit for:

  • Buyers are working on improving their credit
  • Self-employed individuals with limited loan history
  • Buyers rebuilding after financial hardship
  • Individuals with a newer employment history
  • Families who want time to prepare for traditional financing
  • Buyers who want to “test drive” a home and neighborhood before purchasing

Lease Option vs. Traditional Renting

With a Traditional Rental:

  • Your rent does not build toward ownership
  • The home may eventually be sold
  • Rent and terms may change over time

With a Lease Option:

  • You secure a future purchase opportunity
  • You lock in today’s purchase price
  • You gain time to prepare for financing
  • You can live in the home before deciding to buy
  • You have a path toward ownership

Important Information

Lease option homes are designed for individuals and families who want to work toward ownership. Because of this:

  • Residents are generally responsible for routine maintenance and upkeep
  • Option payments are non-refundable
  • Financing approval is not guaranteed
  • We encourage buyers to actively work on credit and savings goals during the option period

Don’t See the Right Home?

Available homes can change quickly. If you do not currently see a property that fits your needs, we encourage you to contact us to be added to our Lease Option Waiting List. We regularly acquire and renovate additional homes and often notify waiting list members before homes are publicly advertised.

Why RedBird Homes?

At RedBird Homes, we believe homeownership should be achievable for more people. Our goal is to create quality housing opportunities while helping residents build stability, equity, and a future path toward owning a home.

RedBird Homes “The Home of Lease Options”