Aha......I figured there would be a downside to this.
I have been talking to a mortgage counselor and from he is telling me (at least with his company anyway) if you do the leasing option, you are basically in a "rental agreement" for the first year or two. The mortgage company has a company buy the house for you BUT they add 10% to the price of the home AND the interest rate is about 8.5%. :eek: Yikes!
So after you make payments for a couple of years and it comes time to buy it, the price ends up being much higher.
So if it is possible to get a conventional loan.........I'm going to do that.
Wish me luck.......I'm gonna need it. :rolleyes: