Renting to own is a very good way to work toward home ownership if your credit score is not so great, or if you lack credit history. The term is negotiable, typically 1 -2 years lease term. You can sign a purchase agreement, locking you in at a certain price which is determined by an appraisal. During this agreed upon time period, you would probably be required by the seller to attend classes, or consult a mortgage professional to assist you in repairing your credit, and saving money for the down payment. At the end of the lease term the home gets reappraised and you move forward to close. A portion of the rent that you paid during the lease term can be applied to the sale for down payment and/or some of the closing costs. Now is a great time to find your dream house and "Rent to Own". Please follow my blog, or contact me either by email or phone. JaneCentury21Pace@gmail.com 219-508-3598 cell Thanks for reading my blog!