Can we use an FHA Loan to purchase a rent to own home and then use a down payment assistance program to help us buy the house?Last modified December 4, 2021
Yes, the Investor doesn’t care which mortgage loan program you use. They have no preference because they aren’t Lenders. You can even use an FHA or Conventional down payment assistance program if you decide to purchase the property and you can qualify for the mortgage. When you use this lease with option to buy program and you decide to excersize the Option to Buy, you are free to use one of Mid Florida Realty's Down Payment Assistance programs.