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
