Program Summary
Home Partners provides responsible households a transparent path to homeownership through its Lease with a Right to Purchase Program. The program provides three to five years* of rent certainty with an initial financial commitment of just one year.
*In Texas, the maximum total lease term is 3 years.
How It Works
Prospective Household applies for approval.
Household finds a Home Partners qualified home.
Home Partners buys the qualified home, household leases from Home Partners.
Household has the right to purchase the home.
Advantages
| Standard Residential Lease | Home Partners Lease with a Right to Purchase | |
|---|---|---|
| Sign A Lease | ||
| Financial Commitment Limited to 1 Year | ||
| Security Deposit Required | ||
| Rental Rate Certainty | Typically 1-2 Years | 5 Years ( 3 Years in TX ) |
| Right to Purchase | ||
| Mutual Responsibility to Maintain Home | ||
| Right to Purchase the Home at a Predetermined Price | ||
| Pick from Many* Homes Available |
*Based on qualifying factors
Home Partners Lease Purchase Program is offered and administered
by Home Partners of America, Inc. Resident and property must meet
eligibility criteria, which is subject to change. Resident must
qualify for a mortgage from a third party lender or pay the purchase
price in cash to exercise the right to purchase a home. Home
Partners is not a mortgage company, does not provide financing for a
resident to purchase a home, and cannot guarantee that a resident
will be able to obtain a mortgage loan. ©2021 Home Partners of
America, Inc. All rights reserved. HOME PARTNERS, HOME PARTNERS OF
AMERICA, the Home Partners of America, Inc. logo and A NEW PATH TO
HOMEOWNERSHIP are Reg. U.S. Pat. & Tm. Off. and owned by Home
Partners of America LLC.
