Rent-to-own is a horrible, horrible idea for the buyer. They homes are usually in horrible condition because the seller can't sell any other way. Renters pay a surcharge (above market rent) and you lose your money and deposit if you decide not to buy the house, or if you can't qualify for a loan. Seller hope that you will violate the terms of the agreement so that they can resell the house to the next sucker.
I strongly suggest that you continue to rent until you can qualify for a traditional mortgage; then go shopping for a home. Put the money that you would have spent on the surcharge into a savings account. Fix your credit. And before long you'll have a home of your own.... more
I reccomend that you contact a realtor and begin searching for a new rental home at least 30 days prior to the lease at your current rental apartment expires. There is a high demand for rental homes now, therefore if you find a home you are interested in, acting quickly will be beneficial.
I specialized in assisting families on the northeast side of San Antonio in finding rental homes that best suit the needs of the family. I will be happy to assist you as well.
Mission Real Estate Group