Home Partners provides responsible households a transparent path to homeownership through its Lease with a Right to Purchase Program. The program provides up to five years of rent certainty with an initial financial commitment of just one year.
How it Works:
Here's an overview of how the Home Partners' Lease with a Right to Purchase Program process works, from prequalification to application to approval to home close:
Prospective residents start the process by filling out a Pre-Qualification Application that checks key issues.*
*Anyone who is 18 years or older and will reside in the home must complete both the Pre-Qualification and the Full Application.
If the Pre-Qualification Application is approved, the applicant will be required to submit a Full Application for a full credit and background check.
If a Full Application is approved, Home Partners will outline the maximum Monthly Rent of the home for which the prospective resident qualifies. (Click here for The Math )
Prospective residents will work with a REALTOR® to find a home in an approved community. CLICK HERE for our Comprehensive Property Guide.
Once a home is identified and approved by Home Partners, Home Partners will attempt to purchase the home -- the outcome of which will depend on certain conditions being met such as agreeing on a purchase price with the seller, a satisfactory inspection, attorney review of the purchase contract, and other closing conditions being satisfied.
To see if a list of reasons that homes may be disqualified from our program, please visit our List of Automatic Property Disqualifiers HERE.
To see if a home not listed on the website is in an approved community, please visit our address checker at: www.homepartners.com/how-it-works/addressCheck