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Rent to own

Are there any legitimate rent to own programs for people with not ok credit and income? My husbands credit is ok and he has a stable job however my credit is horrible and I was laid off about 6 months ago. What would be the best way to go about owning a home? Our rent now is almost $1500 a month. 
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August 06 2012 - Wyncote
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Do you understand that a rent to own is not like renting a TV and it's yours in 3 years. In a rent to own there is no owning unless you can get a loan from a bank in a year or two. No loan, no own. If your credit is bad the bank is not going to give you a loan in a year. I suggest you rent and save and improve the credit and buy when you can, it will be cheaper for you in the long run, and probably in the short run.
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August 06 2012
There are some private owners who may consider doing a lease purchase with you.  If you contacted a real estate agent, they could call around to the listings in the area that you are looking for and ask if they would consider doing a lease purchase.  Are you positive that you can't qualify now with you husband being the only one on the loan?  I would speak to a mortgage broker first, they should be able to help guide you as to when you may be able to get approved and can also help with credit repair companies.
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August 06 2012
 
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