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The owners are amazing people. They work so hard in order to grow their business. Definitely would recommend Tom and Brandy for all of your property needs. They are responsive and helpful.
DJ Ley
How Can I Buy a Home with Bad Credit in Gander
A strong credit score is required to qualify for a traditional mortgage, but if your credit isn’t where it needs to be, that doesn’t mean homeownership is out of reach.
At Sprout Properties, we offer a flexible rent-to-own program that can help you purchase any home listed for sale in Gander, regardless of your current credit situation. Our program is designed for buyers who are working on improving their finances but are ready to take the next step toward owning a home.
Contact us today to learn how we can help turn your homeownership goals into reality.
Why Rent to Own in Gander
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Move into your future home now—even if you’re still preparing for a mortgage, rent-to-own lets you settle in while building credit.
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Lock in current home prices—median house listing $369K ($182/sq ft), well below Canadian averages, with both detached and bungalow options.
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Build equity over time through structured payments, easing financial pressure and improving creditworthiness.
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Benefit from a balanced, growing market: listings spend ~30–31 days on market, and the town has seen ~3–4% infrastructure-fueled growth recently.
Gander offers a rare combination of affordability, community integrity, and balanced growth. With a robust employment base, below-average housing costs, and a market that supports negotiation, rent-to-own here is a practical path to homeownership—letting you move in now, build equity, and anchor yourself in a supportive, resilient town.
Rent to Own Gander and Area Requirements
Minimum Household Income
$82,000
Minimum Down Payment
$12,000
*While we generally look for a minimum credit score of 500, please note that this requirement is subject to change.
Minimum Credit
500*
Do you meet the requirements for Rent-to-own in Gander, Newfoundland and area?
Our goal is to support your long-term success, not just helping you move into a home, but ensuring you’re fully prepared to qualify for a mortgage by the end of your Rent-to-Own term.
To do that, certain minimum criteria need to be in place. If you’re not quite there yet, that’s okay—it may simply mean the timing isn’t right.
You can still apply now to get connected and receive more information, and we’ll happily guide you toward your next steps so you're ready when the time is right.
Gander Key Features
Population & Community
Town of ~11,900 (metro ~13,400), with tight-knit neighbourhoods, family services, schools, hospital, library, and community centre.
Economy & Employment
Largest local employers include aviation (Gander International Airport/CFB Gander), healthcare, education, retail, and government. Median household income ~$80,000; however, key housing indicators show 17.5% of households need affordability support.
Housing Market & Affordability
Median home price $369K, with options ranging from older bungalows (<$200K) to newer builds ($400K+); rental rates ~$772/month—about 68% below national average.
Recreation
Rich aviation history showcased at the North Atlantic Aviation Museum; outdoor amenities include Cobb’s Pond Park, forest trails, ski areas, festivals like Festival of Flight, and a strong sense of civic pride.
Connectivity & Infrastructure
Positioned on the Trans‑Canada Highway, featuring its own international airport with ongoing aircraft testing, local transit, and recent $4.35 M in Federal Housing Accelerator Fund support to speed up diverse housing development.
Best Areas to Buy a Rent to Own Home in Gander, Newfoundland
Elizabeth Park
Elizabeth Park is a well-established residential neighbourhood known for its family-friendly atmosphere and convenient location. With nearby schools, parks, and shopping, it offers a balanced lifestyle ideal for families and professionals.
Park Place
A newer development in Gander, Park Place features modern homes, green spaces, and easy access to amenities. It’s popular with young families and first-time buyers seeking a quiet, community-oriented setting.
Gander Academy/Gander Collegiate Area
This area surrounding the town’s main schools is vibrant and practical, offering a mix of older homes and newer builds. It’s perfect for families looking to be close to quality education and community facilities.
Gander River
Offering scenic views and recreational opportunities, the neighbourhood near Gander River provides a peaceful environment with access to trails and natural beauty. Ideal for outdoor enthusiasts and those who appreciate a tranquil setting close to town.