You need to talk to a mortgage broker. I'm not sure how they would deal with approving four people on one loan. Plus, rent to own situations can be very tricky. If the agreement isn't structured and carried out in exactly the right way, you can have a big mess when trying to get the mortgage approval.
Rent to own is a dangerous item, as usually the base of the agreement is that you have a stipulated amount of time to improve your credit in order to qualify for the loan.
I'm sure there are lenders that still deal with the 620's and lower, but it'll cost a few points more.
each borrower will have to have midscores that satisfy guidelines.
4 people on a loan is not a problem. but the lowest scores will drive the approval.
Thank you for the replies.
Does anyone have any information on a FREE Consumer Credit Counseling program?
You can also do a search for a non profit company to help you.