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How Can I Buy a Home with Bad Credit in London
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 London, 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 London
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Move into your future home now—even if you’re not yet mortgage-ready.
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Lock in prices today—average home sale price is around $639K (Feb 2025) with a balanced market and strong demand
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Build equity gradually through structured rent-to-own payments, easing financial pressure and helping to establish credit.
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Enter a stable, mid-sized city with resilient real estate: average days on market around 30, inventory still moderate, and multi-offer situations still common for well-priced homes
London offers a compelling mix: affordable—yet appreciating—housing, a diversified economy, vibrant culture, strong educational and healthcare pillars, and extensive green space. Rent-to-own gives you immediate access to this dynamic and growing community while you progressively build equity and financial readiness.
Rent to Own London and Area Requirements
Minimum Household Income
$142,000
Minimum Down Payment
$26,000
*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 London, Ontario 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.
London Key Features
Population & Growth
The city proper has ~422K residents, with a CMA of ~550K. It’s one of Canada's fastest-growing cities, ranked top 5 in growth nationwide.
Diverse Economy
Strong sectors include healthcare/research (London Health Sciences Centre, Robarts Institute), advanced manufacturing (3M, McCormick), financial services, tech/media (300+ firms), and agri-food.
Education & Innovation
Anchored by Western University (Ivey, Schulich) and Fanshawe College, with robust R&D and tech incubators fueling startups and providing a skilled workforce.
Lifestyle & Recreation
Nicknamed the “Forest City” for its canopy and green space, with 7.3-hectare Victoria Park hosting major festivals (Sunfest, Ribfest), plus Storybook Gardens, Velodrome, Thames River trails, and Budweiser Gardens.
Transit & Connectivity
Strategically located halfway between Toronto and Detroit along Hwy #401/402, served by VIA rail, regional transit, and London International Airport—offering both big-city access and small-city charm.
Best Areas to Buy a Rent to Own Home in London, Ontario
Old North
One of London’s most prestigious and historic neighbourhoods, Old North is known for its tree-lined streets, elegant heritage homes, and strong community feel. It’s close to Western University and downtown, making it ideal for professionals, academics, and families who value charm and location.
Wortley Village
Voted one of Canada’s coolest neighbourhoods, Wortley Village offers a blend of character, culture, and community. With its walkable village core, unique shops, and cozy cafes, it’s a vibrant spot for artists, professionals, and families alike.
Old South
A peaceful, established neighbourhood just south of downtown, Old South features century homes, mature trees, and easy access to amenities. It's a great fit for those who want charm and community with walkable streets and historic appeal.
Byron
Located in London’s west end, Byron is a quiet, family-focused area near Springbank Park and Boler Mountain. With top-rated schools, scenic views, and a small-town feel, it’s a favourite for families and outdoor lovers.
Summerside
A newer development in southeast London, Summerside is ideal for first-time buyers and young families. With affordable homes, modern amenities, and a growing community, it offers great value while still being close to major roads and shopping.
Masonville
Home to Masonville Mall and surrounded by great schools, this north-end neighbourhood is popular with families and students alike. It offers convenience, safety, and quick access to Western University and University Hospital.
Lambeth
Once its own village, Lambeth retains a small-town charm with modern conveniences. Located in the southwest, it features newer homes, quiet streets, and a strong community vibe—ideal for families and those seeking a slower pace without leaving the city.
Stoneybrook
A peaceful north-end neighbourhood known for its excellent schools and established homes, Stoneybrook is a top choice for families. Tree-lined streets and spacious lots create a welcoming suburban feel just minutes from shopping and schools.
Oakridge
With parks, schools, and a variety of home styles, Oakridge is a family-friendly neighbourhood with a long-standing reputation. It’s a balanced mix of quiet living and urban convenience, making it great for both growing families and retirees.
Verified Google Reviews
What Our Clients Say
Working with Sprout Properties on our rent-to-own project was an outstanding experience. As the managing partners, they took full control of the process, providing clear guidance and expert insights every step of the way. Their professionalism and knowledge made the entire experience seamless, and I gained a wealth of understanding about the rent-to-own strategy. I highly recommend Sprout Properties to anyone looking for experienced and reliable partners in real estate investing!
Ted Peart