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Home Partners of America – Lease with a Right to Purchase

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WELCOME TO A NEW PATH TO HOMEOWNERSHIP

Are you close to being able to buy a home but aren’t quite ready? Did you just move to Dallas/Fort Worth and aren’t sure where you want to live? Do you need to rent right now but really want to buy a home in a couple of years? Home Partners’ Lease with a Right to Purchase Program may be right for you.


HOW THE HOME PARTNERS PROGRAM WORKS

The program is very simple: you apply on Home Partners of America’s website, and if you’re approved, we help you find the home you want in Home Partners’ Program. Home Partners buys the home and rents it to you, and you have one to three years of rent certainty with only a one-year financial commitment on the lease.

And most importantly, you can buy the home that you selected from Home Partners at a price established when you enter the Right to Purchase Agreement, in accordance with the terms of the Agreement.

This is an exciting opportunity, and we urge you to apply to the Lease with a Right to Purchase Program if you think it sounds like a good match for you. You can find more information on their website.

Application

Apply for approval Apply for Approval

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 )
Find A Home

Find a qualified home Find a Home

Prospective residents will work with a REALTOR® to find a home in an approved community. (See Communities)

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:addresscheck.homepartners.com.
Agreements and Deposit

Home Partners buys the qualified home, household leases the home

Prospective residents will be required to sign a one-year Lease for the home as well as Right to Purchase Agreement.(Lease, Deposit details, and Escrow)

Information on Home Partners’ website is not guaranteed, is provided exclusively for user’s personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties in which users may be interested. Home Partners is not a mortgage company, does not have any obligation to provide and does not provide financing, and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Right to Purchase.

©2021 Home Partners of America, Inc. All rights reserved. Home Partners and the Home Partners of America, Inc. logo and “A New Path to Homeownership” are pending or registered trademarks and service marks of Home Partners of America, Inc. or its affiliates.