We can rent you the home with the exclusive right to purchase it at a later date. Our buyers love it because it gives them time to save up for a large down payment, time to clean up past credit problems, time to sell another home, and also time to try out the neighborhood before buying. We are obligated to sell to you, however you are not obligated to buy. 100% of your option money is credited towards the purchase price of the home.
A portion of your monthly payment goes towards "rent" and the other portion goes towards the "purchase price" of the property.