Lease-Purchase Mortgage Loan
Last updated 2026-08-01
California Association of Realtors
Updated 2026-08-01
An alternative financing option that allows low- and moderateincome 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 · pp. 7–9
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