Open Question: Lease/option a good way to go for me?

[Administrator]

I will be a full time medical student moving to the West (AZ) starting in August. I have excellent credit (737) and a good amount of savings. I can't qulaify for financing the conventional way because although I am working and have been doing so for 6.5 yrs. in the same field at the same place, I will not have verifiable employment upon arrival to AZ. Many lenders ask how I am going to pay my mortgage and I simply answer.. the same way I would pay my rent. Seeing especially now it would be around the same amount.I would REALLY like to take advantage of this buyer's market. I am not looking to buy something extroadinarily expensive ($100-150s). Really want a 3bed/2.5-3 bath condo or house!!!I have come across "lease/option" ... would this be a good way to go? What are some alternative financing approaches that could be taken in a "lease-option" agreement? Does streamline refinancing work? Please share your knowledge/advice!! Thank you so much in advance!


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