Profile picture for dorisa johnson79

Lease option to buy

Can you apply for first time home buyers loan with a lease option to buy home?
  • August 10 - Covington
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    0Yes

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Answers (2)

Contact a few local lenders. 
  • August 10
  • 0Yes

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Profile picture for Outer Banks N C
You can't apply for a loan now and expect to start using the loan in 6 months or 9 months from now, so no you can't. lease with option does not require you to buy the house during the option period, it just gives you the right to buy it at the agreed price and time. You pay a little extra each month for this option. If you don't buy you lose the extra option money. The question is how much extra is the option fee? Do you really think the house is going to be worth it when you buy it?

  • August 10
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