I am a broker in Bangor. I don't know of any deals like this. I think it sounds a little too good to be true. Be very careful. There is always someone ready to take advantage of you. Credit scores must be at least 620. There are still. 100% programs out there and you can wrap in closing costs. Gove me a call or email and I will be happy to talk to you about the possibities out there for you. Linda Gardiner.
This definitely sounds too good to be true ! Rent to own contracts should spell out how much of your monthly payment will be applied towards your purchase price. And everyone is concerned with a prospect's credit scores. You would definitely want to employ an attorney to look over any such contracts. I am an associate broker at Town & Country, Realtors in Bangor.
Maria, you appear to be in some unpleasant financial straits. Please do not go all Blanche Dubois, there is very little kindness of this sort from strangers. Mostly, there are people looking to take advantage of the already dis-advantaged. Don't let this happen to you.
Wait until you've got your credit healed, and some real money in the bank. Then, and only then, should you consider buying a home, where you're totally on the hook for repairs and maintenance and all that. Rent, let someone else take on the problems of ownership, and rebuild your finances.