Search all the latest Rent to Own Homes in Waterloo, IL. There are more than 16 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 Waterloo, IL will offer up their homes as a Rent To Own, but it's worth researching and locating those opportunities. We have listed 16 rent to own homes currently on the market, below.
Waterloo is a city in Monroe County, Illinois, United States. The population was 9,811 at the 2010 census. It is the county seat of Monroe County.
Waterloo is located at 38°20′7″N 90°9′10″W (38.335243, -90.152685).
According to the 2010 census, Waterloo has a total area of 7.66 square miles (19.84 km2), of which 7.52 square miles (19.48 km2) (or 98.17%) is land and 0.14 square miles (0.36 km2) (or 1.83%) is water. Illinois Route 3 and Illinois Route 156 intersect within its bounds, and it is along the historic trail from Kaskaskia to St. Louis.
Waterloo's history dates back to the 18th century, with the French being the first Europeans to settle in the area. The site was ideal because of its elevation; the proximity of the Mississippi River Valley brought frequent flooding to the lowlands. It was also close to Fort de Chartres, a French stronghold. They named their settlement Bellefontaine, meaning 'beautiful spring.' This name related to a spring of water a mile south of the site of Waterloo, a frequent campsite on journeys between Kaskaskia, Cahokia, and St. Louis.
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