LEASE WITH OPTION TO PURCHASE
Home Partners of America wants to help YOU BUY A HOME!
HPA has purchased over 6,200 homes year to date, operating in 40+ market and 20 states nationwide.
HPA has a mission of making homeownership a reality for more people, like you!
A resident’s financial obligation is limited to 1 year of renting.
Approved residents can:
- Move out after each 1 year lease term without penalty
- Elect to rent for up to 5 years
- Purchase the home any time during tenancy
The process is quite simple:
Application to move in can generally can take 45 days or longer
We evaluate household rent-to-income and debt-to-income ratios, rental and housing history, employment history, criminal history, FICO® scores, and other elements of an application.
- Annual household income of at least $50,000
- Stable employment
- RTI 35 / DTI 45
- No recent history of eviction or pending bankruptcy
- Acceptable criminal history
Every household must provide:
- Full Application from everyone 18+ years old
- Application Fee ($75 total per household)
- Supporting documents:
- Income Verification
- Asset Verification (equal to 2 months of rent)
Approved households work with you to find a home they want us to buy. It must meet the following requirements:
- In an approved community (based on default high school attendance zone, ranked in the top 50%)
- Between $100,000 - $450,000
- Minimum of 2 bedrooms
- Lot of three acres or less
- Single Family Home or Fee-Simple Townhome
- No condo associations, commercial or multi-family properties
- HOA’s allowable on a case by case basis
- Pool are allowed in Florida
- Must be a traditional sale
- No REO’s, short sales or auctions