Tracey, it might be easier to find rent-to-own houses by finding rentals, then asking if the Landlord is willing to sell.
But before you start out, talk to a few lenders to see if you can purchase outright. It is almost always less expensive to purchase, than it is to rent to own.
Some Sellers who rent to hopeful Buyers are truly people who want to help out a nice hopeful Buyer. BUT there are some unscrupulous persons who make a killing by doing a "rent to own" deal for persons who don't have the ability to purchase. Almost always these hopeful would-be Buyers end up losing deposits, fees, and charges, AND the house goes back to the "Seller" who starts over again with a new hopeful Buyer.
I don't mean to sound discouraging! You are going in the right direction to have Home Ownership as a goal, and I applaud you! Please, just be careful, and be very realistic about your financial situation.
Best wishes, Linda... more