[cicy33]

Contract for Deed usually has a down payment upfront. but not all. I have actually done it twice in my life and my "rent" was actually pretty average compared to the area. But as said, you usually end up paying more than going through a bank. but then again you obviously have a credit problem if you choose that option over a bank so it does make it a good option in that at least you are not throwing more money away on only rent. Not everyone can qualify for a bank loan. And at least it is your house. The first time I did it we moved so we lost the down payment but we had been there for more than a year so it wasn't too bad. the second time I got divorced and he kept it. Make sure to get a contract and make sure the terms are acceptable to all.