Hello horse1971, rent to own want 10-15% down. Do you have 10-15% down? You may already qualify FHA. Do you have a BK, short sale, foreclosure or deed in lieu in the last few years? You should study RENT vs BUY listings to compare payments and qualifications.
If you have lower scores between 500-579 you may consider 10% down FHA and minimum 580 fico score may consider 3.5% down FHA. If you have a minimum 620 fico score you may consider 3% down conventional.
Your scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. You can not even qualify for a mortgage loan with disputes on your credit report and make more work for us to get them off to proceed.
Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the purchase.
The purchase in Virginia Beach start from 130k for 2bd 1ba single family home unless you want 55+ retirement community. How much do you pay in rent, how many bedrooms, baths and what is the maximum payment you are looking to afford?
If you figure out what cities/zip codes you are considering, minimum number of bedrooms, baths and the maximum payment/price you are looking to achieve and you can be emailed listings to fit your search criteria.
You have to be very careful on credit repair... Check out the web reference link below and the many loan programs...