Profile picture for DuckyMcnish

im on disabilty do i have a good chance of renting to buy

  • September 05 2013 - Cleveland
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Answers (2)

Profile picture for wetdawgs
A seller who is willing to consider rent to own is going to want to have some confidence that in two or three years you will be able to get a loan for the remaining balance of the property.    If you understand what stands in the way of getting a loan today, you will be able to have confidence that you will be eligible in a couple of years.

Rent to own is extremely risk and potential to lose a huge amount of money.  

  • September 05 2013
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That's very much dependent on the seller.  If you're renting to buy, you're not looking for a lender qualification, necessarily.  

Be careful as you press ahead.  E.g., if you enter a contract for renting to buy with the stipulation you'll finance the mortgage in a year or two, you'll want to check now that you can qualify.  

I'd recommend contacting a local lender to see how much they'd qualify you for.  That will give you a vector for your rent to buy search. 
  • September 05 2013
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