The short answer is, yes. Most lenders consider rent-to-own as just rent. So in order to qualify you would still need to meet downpayment and other first-time buyer requirements.David BakerHALO CapitalDes Moines, IA

Typically, we don't consider rent-to-own as owning, as you are not in title and don't actually own anything. Furthermore, first-time home buyer usually means you have not owned a home in the past three years. Most assistance programs require you provide three years worth of tax returns to qualify, and the first thing we look at is to see if you are writing off any mortgage interest - proof that you own a home.

Yes you are still considered first time home buyer, few questions are you interested in the property you are living in currently? Or you wanting to purchase different home? Give me a call (214)236-1384