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Texas state law will dictate the verbiage for rent to own home sales in Pampa, and in Gray county. Pampa, TX is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Pampa, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase.
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Apartments for rent in Pampa, Texas have a median rental price of $800. Some of the nearby neighborhoods near Pampa are Wolflin Terrace, San Jacinto Heights, South Lawn, and South Georgia Place. You may also be interested in apartments that are for rent in the nearby ZIP codes of 79065, 79226, or in neighboring cities, such as Borger, Panhandle, White Deer, or Miami. In Pampa, you will find more than 117 rent to own properties.
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For example, say your house rent in Pampa is $650.00 and the seller agrees to put $300.00 of that in escrow for 5 years . At the end of that time, you will have $18,000.00 in escrow towards your down payment for the house! That’s a lot of money, but there’s a catch as you might have guessed. If you’re late on any payments, the seller reserves the right to void the land contract and keep the money you have in escrow. This is to add incentive for making your payments on-time as agreed, and to ensure you aren’t wasting the generous seller’s time. Remember, he made all his payments on time, and that’s how he became the owner.

Signing up gives you access to premium listing not found on Realtor® and Zillow®. Users may not reproduce or redistribute the data found on this site. All information provided is deemed reliable but is not guaranteed by SABOR and should be independently verified. Because 39.4% of homes have had a price cut, prospective buyers can make the conclusion that properties are overpriced in Pampa. With such a large inventory of homes available for sale, many sellers are willing to take a lower than desired offer to be rid of their property.
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If you prefer Tex-Mex cuisine, head to Chubby's Burrito Company, where the ingredients are locally sourced, and the tortillas are made fresh daily. Because summer temperatures in Pampa can be a bit hot, many residents seek respite at the Pampa H20 Aquatic Center. Not only does it have several pools for recreational swimming, but young kids will also love the numerous water slides and fun rides inside. Adults can head to the Woody Guthrie Folk Music Center to take in a show done by a local musician while enjoying delicious food. Nestled in Gray County, Pampa is the County Seat and has a population of more than 18,000 residents. Known for hot summers and cold winters with little snow, Pampa is home to numerous recreational activities.
Rent to own homes offer low monthly payments and flexible terms. Rent-to-Own homes in Pampa TX are harder to find, but worth it for those who don’t want other people living above or below them. Besides the additional space both indoors and outdoors, the real benefit of a rent to own home comes in the peace and tranquility of being able to unplug and just listen to the sound of silence. To be able to discuss private matters in your life and actually have them remain private. What Credit Score Do You Need for a Rent-to-Own Home? The truth is, there is no definitive minimum credit score for a rent-to-own home...
Create an account to save and share your favorite homes and searches. Texas is known for big flavor and delicious BBQ, and Dyer's Bar-B-Que Restaurant is no exception. A city institution since opening several decades ago, every meal at Dyer's is delicious, but locals rave about the sweet and smoky ribs that fall off the bone.

Within Pampa, TX, the median home sales price is $82,750. Some of the best cities around Pampa are White Deer, Skellytown, and Miami. You should also consider properties located within these three zip codes — 79054, 79097, and if you are interested in a rent-to-own home. We have shared the sales price, contact information, square footage, number of bedrooms and baths, and lot size of all of our rent-to-own properties.
Information deemed reliable but is not guaranteed accurate by ACTRIS. In most states the legal meaning of a land contract sale is that a portion of the rent you pay every month goes toward the down-payment required by the bank to buy the home. This part is unique for every rent-to-own home and seller because of the value of the home, and the length of time the seller is willing to wait for their money.

Take advantage of this opportunity by looking at rent to own homes in neighborhoods like South Houston Street and North Starkweather Street. To verify enrollment eligibility, contact the school or district directly. School data provided by National Center for Education Statistics, Precisely, and GreatSchools. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data.
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