you. A better bet would be to have a Realtor look for properties that are seller financed. You can do 3.5% down via an FHA loan or 3% down via a HOMEPATH mortgage. Go to Homepath website and check it out. The loan is done through a lender. Homepath does not require MORTGAGE INSURANCE so your monthly payment would be less. Homepath will also roll some of the closing costs into the loan. Keep in mind that on a $75000 house, closing costs could be $5000 to $8000 depending on the lender. Shop around and double check the lender fees.
Excellent Service Realty
You have made a good first assesssment.
Overwhelmingly those yards that have signs advertising "Rent/Lease to Own" are traps waiting to victimize those believing they can circumvent the qualification process.
Contacting a real estate professional is your best alternative. Agents who understand there is more than two ways to sell a home will know how to approach homeonwers and investors who own the real estate you are looking for. Agents understand their survivial in this business depends on you referring your friends to them. Knowing this, they are highly unlikely to place you into a predatory situation and more likely to create the win/win environment you want. Avoid the signs in the yard, call a professional
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
and fill out the online rental request form. I will send you lists of rental properties for you to review. When you find one that interests you I will help you make the arrangements to view them.