Apply for approvalAnswer 6 questions on our FREE Pre-Qualification Questionnaire to see if you meet the basic applicant criteria. If you pre-qualify, you are invited to complete the paid full application. This step includes uploading income verification documents, and a soft credit pull and background check on household members over 18 years of age.We will notify you of a decision within 1-3 business days.
Find an eligible homeAfter approval, we give you a maximum monthly rent amount. Work with your real estate agent to tour eligible homes listed for sale. Once you find a home you love, you complete a request form.After completing the request form, your agent submits the home to us for review.
We buyWe show you our Anticipated Terms with 5 years (3 years in Texas) of locked-in monthly rent amounts and Right to Purchase prices and estimated repair costs. After you approve our terms, we submit a competitive cash offer to buy the home. If the seller accepts, you sign a 1-year lease and Right to Purchase agreement.On average, move-in will be 2 weeks after closing to accommodate any necessary repairs found during our home inspection.
and lease it to you
Right to PurchaseYou rent the home with the flexibility of a 1-year lease and the option to buy at any time. At the end of each lease term, you can choose to walk away without penalties, or you can renew your lease for another year. In total, you can rent the home for up to 5 years (3 years in Texas).
How We're Different
Home Partners empowers you to plan for your future with the security of 5 years (3 years in Texas) of locked-in rents and purchase prices.
With our Program, there are no hidden fees, non-refundable deposits, or unexpected price increases. If you choose not to exercise the Right to Purchase, there are no penalties. Buy, rent, or walk away, you decide.
|LEASE PURCHASE PROGRAM||TRADITIONAL RENTAL|
|Choose any eligible home listed for sale||✓||◎|
|Commit to a one-year lease upfront||✓||✓|
|Pay a standard rental deposit||✓||✓|
|Rental rate certainty for five years*||✓||◎|
|Right to Purchase at a locked-in rate for five years*||✓||◎|
|Option to buy any time during the lease||✓||◎|
|No penalties for deciding not to purchase||✓||◎|
Is the Program Right for Me?
I'm not ready for a mortgage.
I'm relocating to a new area.
I'm a first-time home buyer.
I'm looking to rent a great home.
Is Home Partners in Your Area?
Use the search bar below to see if Lease Purchase is available in your metro.
Questions about the Lease Purchase Program?
What is the basic applicant criteria for the Program?
To meet basic applicant criteria, you must have $40,000+ of verifiable annual household income, no open chapter 7 bankruptcy, no disqualifying criminal history, and a minimum of 45 days from date of application approval to move-in. After application submission, we also evaluate rent-to-income and debt-to-income ratios, FICO® scores, housing, employment, and criminal history.
FICO, the FICO Logo, and the FICO product and service names are trademarks and service marks or registered trademarks and service marks of Fair Isaac Corporation.
What is the basic property criteria for the Program?
Do I need to work with a real estate agent?
See What Our Clients Say
Ryan & Ale
~ Randy & Amy