here are some basics about rent to own:1. You would need to sign a contract to buy the house within a certian time period(usually 12 months)2. you would pay the owner a non refundable deposit( usually 10% of the purchase price. For example,on a $100,000 house--$10,000. 3. you would pay the owner a monthly rent ABOVE market rate during the specified time period.4. The deposit & the extra money would be put into an escrow account which would go to build up your down payment5. At the end of the term,you would take these escrow funds & go to a lender to get financing.6. if you do not go through with the purchase you forfeit this escrow account.
So,you see that this would not work with a Section 8 voucher.Possibly if you contact your local Dept. of social Services,they may be able to furnish you with a list of Section 8 approved rentals.... more