You don't state this directly, but it looks like you are (or are considering) a tenant with an option to buy the home you occupy.
If you are the tenant buyer, then chat with your mortgage broker. You are more than likely just going to buy the property as a normal purchase - so (most likely) yes.
In a typical lease-option scenario, you'll be reconciling the option fee, any pre-paid principal and any additional downpayment to get to a loan amount.
If you are looking to buy under a L/O scenario, then check your local laws and for goodness sake, use an agent or a lawyer to prepare the docs. Do ****NOT**** use lease option agreements from real estate investment educators without local legal review.
I hope that helps!
I agree with Rob and Sam, it depends on the lease and what's worked out between the seller and potential buyer. It is definitely a good idea to have escrow help handle it, they are familiar with these types of transactions and yes, as Rob said, can ensure every detail is covered. From the lending standpoint, Sam is correct, VA, FHA, Conventional or USDA will work, depending on what the buyer qualifies for. On the lending side we treat it the same as a normal purchase, aside from any stipulations indicated within the agreement. I would recommend the buyer gets pre-approved though so you are certain s/he qualifies. Hope that helps, best of luck!
I would recommend forwarding the lease agreement to a qualified escrow agent and let them handle the transaction from here. They are much better at these things and will make sure all the I's are dotted and T's crossed.