Rent to own or lease purchase needs to have a minimum of 10% down (20%) is way better ....The average consumer gets renting/lease and lease purchase/rent to own.Renting is a monthly price with security deposit.Lease purchase is large down payment for around 3yr period and refi into name after that.
We have done a lot of lease purchase homes in the past. Sometimes homes are noted ing the descriptions that they would be open for lease purchase, sometimes you just have to pick out the one you want and see if the owner would be interested. We're not seeing as many advertised that way now as there were a couple of years ago. FYI, make sure when you go into a lease purchase your emphasis in on actually purchasing the home and not just leasing it. There can be some large penalties for not following through with a purchase. No one wants that.