I recommend looking into a plan to save and be prepared to buy your own, don't have the down payment but have the credit...there are options in assistance programs for first time buyers.
But, if you're inquiring because your credit is an issue and your hoping to find a seller who'll take a chance and lease to you in hopes that you may be able to buy?
Research your proposed option thoroughly, there are risks for you and the homeowner.
- Said sale price
- Percentage of rent goes to down payment or reduction of sales price
If possible consider a purchase if convention lending not possible because of down payment amount and or FICO score. Consider FHA lending. Attached is general guideline for conventional and FHA. Check with direct lenders for current lending rate and terms.
Gail Mercedes Cole
Please contact me at (310) 717-1321 and I can show you the available leases in that area that fit your requirements.
(310) 717 -1321
Fluent in Mandarin Chinese
DRE # 01920120
8700 Reseda Blvd., Suite 213-B
Northridge, California 91324
(818) 967-9626 mobile
(818) 979-0226 fax