Before entering into a lease-option, you should have a solid plan in mind about what you are going to do at the end of the lease-option term. Are you going to be able to purchase it at that time, or are you going to not "exercise" your option to purchase.
You need two professionals advising you to answer all your questions: a Licensed Mortgage Loan Originator (loan officer with a credit union, bank, or mortgage company) and a licensed Real Estate Broker.
Give me a call at 503-580-2941 and let's set an appointment to discuss your needs and goals, and make a plan of action that works for you. I will also refer you to a trusted real estate loan professional to answer all the questions in their area of expertise as required by Oregon law.
Owner/Principal Real Estate Broker licensed in Oregon
Zenith Realty, LLC