Lease to Purchase
Move in now. Buy when you're ready.
Pick a home, move in with a 5% option fee, and earn credit toward buying it with every on-time payment. Lease for up to six years and buy whenever you're ready, with any lender.
Resident Expectations
What we expect from you
We look at your whole picture, not just a score — but every approved resident brings the same six things to the table.
A 5% option fee
Five percent of the home's price, due when you sign. On a $185,000 home that's $9,250. It's credited toward your purchase price when you buy. It's non-refundable: if you move out without buying, you lose it.
Documented, stable income
W-2, 1099, or self-employed — all welcome. You'll provide recent pay stubs, bank statements, or tax returns showing you can comfortably carry the monthly payment.
Room in your budget for the payment
One all-in monthly payment that already includes property taxes and homeowner's insurance. On homes from $150,000 to $230,000, plan on roughly $1,790–$2,740 a month.
Valid identification
A government-issued photo ID and a Social Security Number or ITIN. ITIN applicants are welcome.
You'll live in the home
Lease to purchase is for families who plan to buy the home they live in. It's your primary residence — not an investment property.
You'll care for the home
You handle repairs and maintenance, all utilities, landscaping, and renters insurance, just as you would as the owner. Treat it like your home, because that's the plan.
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01
1–2 days
Application & Pre-Qualification
Submit your application
Fill out our 5-minute online form. You'll need a government-issued photo ID, your SSN or ITIN, proof of income, and documentation of your option-fee funds.
Initial review
Our team reviews within 24 hours. We'll schedule a call to discuss your situation and pre-qualify you with a clear budget range.
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02
2–4 weeks
Home Search & Selection
Your in-house real estate specialist
You'll work with our licensed, OKC-based real estate specialist to find a home in the OKC metro from $150K to $230K that passes inspection.
You choose the home
It's the home you plan to buy, so you pick it. We'll guide you without pressuring a specific property.
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03
About 30 days
We Buy It, You Move In
Twelve22 purchases the home
We make the offer and close on the home after a professional inspection and independent appraisal.
Sign your lease and purchase option
You sign a residential lease and a separate purchase-option agreement, and pay your 5% option fee. Then you get your keys.
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04
While you lease
Live In It & Earn Credits
One all-in monthly payment
Property taxes and homeowner's insurance are included in your payment. Your lease runs in 2-year terms, up to three terms (6 years). The payment rises 3% each new term, and you'll always know the next step in advance.
Credits for every on-time payment
Each on-time month earns a credit of 0.15% of the home's price toward your purchase — about $278 a month on a $185,000 home. Credits apply only when you buy; if you move out without buying, you lose them.
Care for it like it's yours
You handle repairs and maintenance, all utilities, landscaping, and renters insurance. You can make the home your own along the way.
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05
When you're ready
Buy Your Home
A price you know upfront
Your purchase price is our cost (the price we paid plus closing costs) plus 2% within your first 6 months, 4% within 12 months, and 6% after that. It never goes above 6%.
Buy with any lender
Get a mortgage from any lender, any time during your lease. You don't have to wait for a term to end. Your option fee and on-time credits come off the purchase price.
If a lender says no
If you can't get a mortgage by the end of your lease, Twelve22 may offer its own fixed 15-year owner financing once you have at least 36 on-time payments. It takes a separate written agreement and isn't guaranteed. If we do, your option fee and credits count toward the 15% down payment.
Our products
Choose the path that fits your family.
Buy now with Twelve22 owner financing, or lease first and buy when you're ready. Same homes, same team, same transparent terms.
Own it from day one
We buy the home and finance the sale ourselves under a contract for deed. Your payments build equity from the first month, and the deed is yours at payoff.
- 15% down at closing — your equity from day one
- Fixed 10% rate (10.00% APR) for 15 years, fully amortizing, no balloon
- Pay off or refinance any time
Lease first, buy when you're ready
Move in with less upfront, earn credits toward the purchase with every on-time payment, and buy the home on your timeline.
- 5% non-refundable option fee, credited toward your purchase price
- One all-in monthly payment, property taxes and insurance included
- Lease up to 6 years and buy any time with any lender
About lease to purchase
Figures are estimates for illustration. Lease to purchase is a lease with an option to buy. It is not a loan and does not transfer ownership until you buy. The option fee is non-refundable, and the option fee and on-time credits are forfeited if you do not buy. Your final terms are set in your lease and purchase-option agreements.
Ready to start your journey?
Complete your application in 5 minutes. Pre-qualification within 24–48 hours.