How much money do I need for an upfront payment on a rent-to-own home?
There is no “set” amount of money needed for an upfront option payment. The more money you have available to get into a property, the more likely you will get your first-choice home. The amount of money available for an upfront payment is one of several factors we take into account when considering who to put into each of our wonderful homes. Having a large option payment is a great way to compensate for other weak areas such as a low credit score. Also, remember that your option payment will be 100% credited toward your eventual purchase of the home.
