Home Buying in Seattle>Question Details

Lookingatsea…, Other/Just Looking in Seattle, WA

Has anyone heard of the Rent to Home buy Government scheme? I'm trying to figure out options because I really do see the value of buying over renting.

Asked by Lookingatseattle, Seattle, WA Thu Apr 11, 2013

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Be careful of infomercials and get-rich-quick seminars held at airport hotels. It sounds like you need the advice of an experienced agent. Start by asking friends, family, and co-workers for a referral to an agent. Someone you know already knows an experienced agent that can assist you. An agent will help you navigate through all the hype and nonsense and focus on the priorities that will help become a homeowner. Good luck.
1 vote Thank Flag Link Thu Apr 11, 2013
"The GOVERNMENT does not Own nor Sell houses! "

HUD owns and sells homes. They do a horrible job of it, as you would expect of a government entity.
0 votes Thank Flag Link Thu Apr 11, 2013
By your own words, Government scheme, you realize that this is likely not a real program. I've never heard of anything legitimate like this and most "rent to own" deals are heavily weighted to favor the seller or they wouldn't put their property at risk.
If you want to buy, meet with a great lender learn about the available programs and get pre-approved. There are some 0 down if you buy in a rural area or are a Veteran. There are Fannie Mae HomePath homes that require 3% down and don't have mortgage insurance.
FHA is 3.5% down and is the most common for first time buyers and buyers overcoming past credit issues.
Trulia is a great resource, but nothing compared to speaking one on one with a great local broker.
0 votes Thank Flag Link Thu Apr 11, 2013
The GOVERNMENT does not Own nor Sell houses!
If someone tries to tell you differently, they are running a SCAM.
Ray is 100% right; maybe you should enlist him.
0 votes Thank Flag Link Thu Apr 11, 2013
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