By Ben Lane | HousingWire
With rising rents making it more difficult for many to even save the 3% down payment they now need to buy a home, and with some borrowers still struggling to get a mortgage, a new option is emerging as an avenue for consumers to live in the home they want and save money to buy it at the same time – rent-to-own.
A new report from Moody’s Investors Service highlights Home Partners of America and its “unique” blueprint for property acquisition.