A 10% down payment is required to purchase a home from Consumer Mortgage.  If you have the 10% required, you will receive a Vendor's Lien Deed and begin the home buying process.    

A 10% down payment is required to purchase a home from Consumer Mortgage.  The Lease Purchase program is designed for those people who do not have the entire 10% to put down on a home.  To qualify for a Lease Purchase Option, you need 5% of the purchase price to put down.  Then you will enter into a Lease period and you will have 2 years to come up the remaining 5% of the total down payment.  At this point you will receive a Vendor's Lien Deed.