...assume the loan when we qualify? We are coming out of a deed in lieu of foreclosure and cannot get a home loan right now. Family members have offered to buy us a home then we assume the loan or buy from them later when our credit score gets better. The equity will be ours. I am not so sure this is a better idea than leasing to buy a home on our own. It sounds easier than it might really be. What would some potential pros & cons be?This will be done in FL.