I graduated from college in Ohio last summer and just started a full-time job paying $55k. I basically have no savings (want to keep what I have for safety) and lots of student debt (yey). Recently found a home I'd like to buy for $120k but can't get a mortgage because I can't put down a deposit. (My credit score is 720, so that's not the problem.)
I've seen a few companies offering rent-to-own services (one of them is DivvyHomes). The way it seems to work is you make a minimal downpayment (around 2%) and then a year from now you can buy the home back from them.
I'm tempted to do this but have also heard rent-to-own is scammy. Thoughts?
Submitted January 15, 2019 at 10:42AM by liquidiT4all http://bit.ly/2M9rFfu
