This means that you are opening the door to an easy court case whereby ALL of the lease payments are credited towards the purchase.3)  The Option Consideration will not be used as part of the down payment by the bank because the Option Consideration Payment has nothing directly to do with buying the property. 

that's our way of giving back.. directly. so in short  the govmit  be it city county state federal / and big banks and Bond companies have to lead the charge for affordable housing.So take what I face as a small home builder building 30 or so homes annually for fair market prices.its rare that we have a parcel that all in buying the land putting in all the UTLS  paying for all the permits etc we are less than about 125k before we put one foot on the lot to go vertical.. so in our markets affordable housing is right at 350k and up to 400k. 

@Raymond Y.Many times, once your bank is comfortable with your experience and deals they won’t check credit every time.

We’re looking at a single family bank owned property- cash or rehab loan only.

Should I move on to another bank?

Is there a resource to find what a specific bank actually accepts properties at?

I'd keep calling banks.

As for mortgage calculator, I find that scotia bank mortgage calculator to be straight forward and correct.Jason D.

I explain at that point that if they decide to apply for our property their paperwork will be tied up for at least 3 weeks, maybe more.  

I understand this would probably cut out bank financing for a while as a bank wants to see some form of steady long-term income coming in.