Become a Homeowner

Partnering with RMCLT in home ownership gives you all of the benefits of traditional home ownership plus:

  • Affordable monthly housing payments — we make an investment of at least 20% in the property, ensuring your monthly housing payment is more affordable.
  • Safe mortgages — we require 30-year, fixed-rate mortgages — there are no balloon payments or sub-prime mortgages.
  • Reasonable down payments — we require families to invest at least 1% of the purchase price or $1,000 (whichever is greater) towards the purchase price of their home.
  • A safe way to build equity — don’t pay your landlord’s mortgage.  By paying your mortgage, you are building your own equity.