rent to own FHA

Yes, and Make sure the rent payments are NOT made in cash. The payments need to be documentable either through cancelled checks and, Better yet, have the payments made through a 3rd party source like and escrow company.

It's not a "Yes or No" answer.. FHA guidelines deals with rent credit and is very specific as to what can be applied and how much. You can read the guidelines your self by searching for "4155.1 5.B.6.f" This is the section in FHA's guidelines that deal directly with rent credits.. Keep in mind that in the past, this was an area that resulted in many loan fraud cases, so be prepared for your paperwork to be scrutinized.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Yes it should state all of the terms on both of your behalfs.

Yes, you will need to specify in the contract/lease agreement how much will be applied toward the down payment. In addition, it is imperative that the tenant makes documented payments (not cash or money order). Ideally, the tenant will make payments by check or cashiers check, and they will need to provide evidence of the amount clearing their account every month throughout the term (generally via bank statements.

Yes - absolutely.

Yes- you will need all Terms and conditionsOf lease to buy in the contract. You will alsoNeed to show proof of the payments via cancelledCheck, Bank Statements, Cashiers check- emailMe at pbass@nvsl.com for more information

Only a percentage of the rental will be used towards your down payment, make sure all payments are made with checks and you keep copies as others have mentioned.

Have renter issue 2 checks; one for rent, one for down payment deposit.

Yes. Document everything... everything.