K.lang; The way I understand you is that you want to rent a property and apply some option up-front money and maybe a share of your rent payments towards the downpayment of a home. This situation is called a lease option. In lease options contracts there is no Bank involved, so you do not have to pay fees to a Bank. Also, Brokers fees are usually paid for by the Seller/Landlord /(Optionor). So there are no fees that you have to pay to the Broker. In a typical situation, a lease option is conducted in the following manner. You find a home that you like, with the help of a Real Estate Agent ,where a Seller-Landlord is willing to do a lease option for you. Usually, option money is given up-front and that money goes towards the downpayment, if at the end of your contract you decide to exercise the lease option. Also, the portion of the rent money that was directed to go towards the downpayment. At the end, your up-front option money deposit, plus the share of your rent payments that was agreed upon to go to the downpayment, gets applied towards the purchase of the home when you exercise the option. A lease option again, is usually written for one year, maybe two years of renting and then 30 to 60 days to exercise the option. If you do not exercise the option, you lose the option money deposit and all the share of the rent that was marked to go towards the downpayment. You have to use a Realtor to find the home and also consult with a Real Estate Attorney. As mentioned by the three previous answers, you have to be cautious nowadays. Good luck.