Search all the latest Rent to Own Homes in Detroit Lakes Mn 56501. There are more than 6 rent to own homes currently on the market. Try out homes and neighborhoods without the buying commitment by choosing a rent to own property. It’s a simple process with the homeowner, you start out as a renter, and then purchase the property when you're financially ready to apply for a home loan with a local bank. The rent-to-own process allows new home buyers with poor credit scores, or who lacks the down-payment required by the bank, the opportunity to live in their home while working on improving their credit and saving funds.
Remember, not all sellers in Detroit Lakes Mn 56501 will offer up their homes as a Rent To Own, but it's worth researching and locating those opportunities. We have listed 6 rent to own homes currently on the market, below.
Detroit Lakes is a city in the State of Minnesota and the county seat of Becker County. The population was 8,569 at the 2010 census. Its unofficial population during summer months is much higher, estimated by citizens to peak at 13,000 midsummer, due to seasonal residents and tourists.
U.S. Highways 10 and 59, and Minnesota State Highway 34 serve as the primary routes through the city. Detroit Lakes is located 45 miles east of the Fargo–Moorhead ND-MN statistical metropolitan area. The nearest major metropolitan area with a population over 300,000 is Minneapolis–Saint Paul, which is approximately 205 miles southeast of Detroit Lakes.
Detroit Lakes is a regional summer and winter recreation destination, attracting large numbers of tourists and seasonal residents each year. Its economy is fueled by seasonal population increases, with tourism being the area's chief industry along with agriculture.
The city of Detroit Lakes was founded by Colonel George Johnston in 1871. The city grew quickly with the construction of the Northern Pacific Railroad.
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