I'll echo what the other agents have said. You should be very careful with lease-purchase contracts. There are many ways to structure them-- and many ways that you can lose your earnest money, security deposit or rent credit. If dealing directly with a property owner, have an attorney look over the contract and make sure your interest is protected. For example, what happens to your contract if the landlord is foreclosed upon? If your credit rating is such that you can't qualify for financing on your own, and you can't get a co-signer to get you over the hump of credit repair, then a simple lease is a better option, in my opinion.