All lending terns are not standard, so that is why you need to discuss eligibility with a loan professional.
That is where you need to start.
For your second question, in my past personal and business experience in doing lease purchases is; to get a large down payment. It's a catch 22 with this topic because most people that do lease purchases most of the time don't have large amount of money to put down. People will take care of the home base on what you put in the contract as their responibility when they have a big stake to loose. So the larger the down payment the most likley they will take care of the home and actualy will buy the house and the end of the term. Dont let anyone give any excuse on how they can get you the money later or will pay half the down payment. Don't let anyone move in without getting the full large down payment. Been there, done that and every time I thought the people would come through, they never did.
I would love to work with you, call me any time, I am a full time Realtor.
Feel free to give me a call if you would like and if you need a RealtorÂ® in the Dayton area I know a few.