Even if you don't qualify for a mortgage under the current lending regulations, renting may not be your only option. Alternatives such as rent-to-own and contract-for-deed transactions make ...

Rent-to-own contracts mean buyers can avoid banks and credit checks. ... ‘Now I have a place, it's mine and my son’s, and we don't have to pay rent anymore. And we own it free and clear. ...

Consumers can also use rent-to-own transactions for their primary residence; for instance, those who need to wait a little longer to demonstrate steady W-2 income on their tax return.