Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Lease-Purchase Mortgage Loan
California Association of Realtors
Updated 10-31-2026
Lease-Purchase Mortgage Loan
An alternative financing option that allows low- and moderate-income homebuyers to lease a home with an option to buy. Each month's rent payment consists of principal, interest, taxes and insurance (PITI) payments on the first mortgage plus an extra amount that accumulates in a savings account for a downpayment.
California Association of Realtors Glossary
California Association of Realtors · p. 8
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