These Rent-to-Own Homes Programs Can Help You Get Into That House

For many would-be homebuyers, saving for a down payment is a challenging proposition. Less-than-stellar credit history can create an obstacle to getting a mortgage, making the whole process even more daunting. For a homebuyer in this situation, a rent-to-own arrangement can be an appealing option as a pathway to achieving homeownership.

So let’s say this sounds like your situation, and you like the idea of renting to own, but you aren’t sure whether such a program exists to help you get your foot in the door — or even how to find a rent-to-own home that works for you.

Well, here’s some good news: There are multiple rent-to-own programs and lease-to-own options available to prospective homeowners. We’ve reviewed a variety of programs and sought advice from an experienced agent to help you understand your options.

Ahead, we compare four of the most reputable rent-to-own programs to help you answer the question, “Is rent-to-own a good idea?”