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Rent-to-Own: Frequently asked questions

Updated: Oct 31, 2022

Do you report to credit bureaus?

We do not check your credit, which means you're already approved. We do not report payments, late or on-time, to credit bureaus.


What is my down payment?

On buildings under $15,000, your down payment is only your first month's payment. Any building costing over $15,000 requires a 5% security deposit as part of your down payment, along with the first month's payment. Our 72-month term requires an extra 7% security deposit as part of your down payment, along with the first month's payment. All security deposits go toward the principle balance of the building.


What kind of rental terms do you offer?

We offer terms of 24, 36, 48, 60, and 72 months. Buildings under $5,000 are eligible for the 24, 36, and 48-month terms. Buildings between $5,000 and $11,999 are eligible for our 24, 36, 48, and 60-month terms. Buildings $12,000 and up are eligible for all of our rental terms. Autopay is required for our 72-month term.


What's my interest rate?

You do not pay interest on your monthly payments. Instead, you are paying rent on the building while you're paying it off, hence "rent-to-own". The reason for this is that we don't run your credit, so it's considered "high risk" to the investment company. This is also why everyone's approved. Here are the rent/principle divisors on monthly payments for our RTO terms:

  • 24 months- 35% rent / 65% principle

  • 36 months- 40% rent / 60% principle

  • 48 months- 50% rent / 50% principle

  • 60 months- 55% rent / 45% principle

  • 72 months- 60% rent / 40% principle


Can I pay my building off early?

Absolutely, and we encourage you to do so! There's no early payoff penalty and paying it off early will save you money on the rent portion of your payments. Every penny paid extra on monthly payments goes directly toward the remaining principle balance.


How do I make my payments?

After your down payment, all of your monthly payments will be made to Heartland Capital Investments. You can make your payments online, over the phone, and by mail. You will receive a "welcome call" 3-4 weeks after delivery from Heartland Capital Investments and at that time you will get information on payment methods and set up autopay, if you wish. You can reach them by calling (270)-247-3199.


What does 90-days Same as Cash mean?

You have the option to pay off your building within 90 days of it being delivered to pay the "same as cash" price. This means you will ONLY pay the principle balance of the building plus tax and bypass all rental fees! This is a great option for a low down payment, or people who are waiting to get paid, for a settlement, for a monetary gift, etc...


What if I need to cancel my lease?

You may do so at any time by calling Heartland Capital Investments at (270)-247-3199. You will still be responsible for any past due payments.


Can I make changes to the building while I'm renting to own?

The only thing the rental agreement doesn't allow you to do is anchor the building down, or attach it to a foundation in any sort of permanent manner. It still needs to remain portable while it's being paid off. You are allowed to add shelves, electric, insulation, walls, etc...


Can I finance through a third party?

Yes! If you have good credit, you can most likely apply for a loan through your bank or a credit union and receive a lower interest rate compared to our RTO rental payments (see above for rental divisors).


90 Day Same As Cash
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Rental Terms Info
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