Rent to own programs

Lease - Option or Rent-to-own

The buyer pays rent each month all of which gets deposited in an escrow account on their behalf;Several things happen.

1. the buyer gets a place to live
2. the buyer can test the community and see if this is a place they want to ultimately live.
3. they build equity capital towards their loan (money does not get returned should they decided not to exercise their option to buy
4. 5% additional down payment reduces loan amount, interest rate, and give the buyer a much higher likelihood of obtaining a loan

I have spoken with several real estate attorneys and lending institutions and they have all confirmed that if the money is deposited directly from the buyer into escrow on the buyers behalf, then it is not considered a seller contribution.

Of course, I am not an attorney so please consult your lender and attorney