Gee, why don't you sugar coat it Morgan.... LOL - although, I couldn't agree more! Why do you want to lease purchase a home? Statistically 80% of lease purchases never close, a buyer is required to pay a large non-refundable deposit, and how are you going to settle on a future sale price today that will, most likely, never appraise in a year or two? As Morgan so eloquently commented - a lease purchase is a complete and utter waste of time! Rent until you can become a powerful buyer with an approved loan. That is your best option.