ExpanseOne is dedicated to providing responsible households a fair and transparent path to home ownership. The credit crisis that began in 2008 created millions of households that cannot obtain a mortgage, despite the fact they have a stable source of income and the ability to pay. These potential home buyers are forced to rent for a period of time and unfortunately cannot purchase a home even at depressed housing prices.
Unlike other programs, ExpanseOne enables approved individuals to rent a home, but also would like to eventually buy through our Lease with Option to Purchase Program.
Unlike a traditional mortgage, the resident's financial commitment is limited to the initial term of the Lease.
The resident is not obligated to renew the Lease or purchase the home. It's their choice.