Lease Purchasing is a great way to purchase a home.

Here are the Buyer Benefits you'll enjoy:

YOUR RENT IS BECOMING YOUR DOWN PAYMENT.
Each month a portion of your rent is credited toward your closing cost or it can come off the sales price.

MINIMUM 'OUT-OF-POCKET' CASH.
When you purchase a home using conventional financing you must also pay such items as: 5-20% down payment, prepaids (taxes, insurance, etc.) AND closing cost.


TYPICALLY UP TO 50% OF THE CLOSING COSTS WILL BE PAID BY THE SELLER OR ADDED INTO THE LOAN AMOUNT.
Since a portion of your monthly rent has been credited toward the purchase, usually there is very little or NOTHING that you'll have to pay at closing depending on length of lease.

YOU HAVE MORE BUYING POWER WITH THE
LEASE PURCHASE.
You can lease purchase a home for as little as the first month's rent and a non-refundable option payment.  You can compare that to a conventional lender that will require 5-20% down PLUS closing costs and prepaids!

MANY CREDIT PROBLEMS CAN BE RESOLVED.
Restrictions on qualifying for a lease purchase ARE NOT as strict as in conventional home financing. Therefore, your seller or landlord has complete discretion on what they will accept.
  
TIME.
You'll have plenty of time to repair credit, secure the best financing and investigate the home and surrounding neighborhood - all BEFORE you actually buy the home.