It is possible. Email me.

I doubt that you could jump from a Section 8 to Homeowner. You would need to get your Credit Score up and save some $$.

Good luck and God bless

Cait you would really need to talk to a mortgage person. In some instances there are low income housing lotteries that you may be able to apply for. The rent to own may need be approved if you are using section 8.

Will your section 8 program let you purchase? Are you able to get a loan? I'm not sure you are in a position to be able to purchase. Unless things have changed recently, Section 8 is a rental program. They are not going to put their portion of the rent towards the purchase of a property. So, you are going to have to be able to afford the entire loan, taxes and insurance etc on your own. You really should consult with a financial advisor or a mortgage lender to see if this is doable or what you need to do to make it happen.

Also, I find that most rent to own programs don't work -- be interested in hearing from others on this. To me, it means that you agree on a price today that will be the sale price in the future. If prices are going down, the buyer doesn't want to do this. If the prices are going up, the seller doesn't want to.

Section 8 is alot more difficult than a regular renter, due to its harsh agreement towards landlords some will not use the program. You forst need to find a property that is willin to complete a lease purchase first and then be willing to accept sec 8. The owner will need to credit you some of what you pay to rent towards your purchase, your first step is going to be to get prequailified so you know if you can get a mortgage to complete the purchase part, without the ability to purchase withina year and no more than 2 years, a rent to own situation may be out of reach.

http://www.trulia.com/blog/scott_godzyk/2010/06/rent_to_own_…


Please see my blog with tips and advice on ho to lease purchase a home