Why are you doing a rent to own instead of just buying? There are some great 1st time buyer programs out there that can help you with down payment and closing costs as well as a discounted interest rate on your mortgage. FHA is a fantastic tool if you have limited funds to use for closing and maybe have less than perfect credit. Check out the 1st time buyer program info. I have on my website: http://yourlifemoves.com/buyers_page.shtml
Please feel free to contact me with any questions on the programs.
Long & Foster Real Estate, Inc.