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


RESIDENT CRITERIA

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.

Basic requirements:

  • 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)

 

PROPERTY CRITERIA

Approved households work with you to find a home they want us to buy. It must meet the following requirements:

Location:

  • In an approved community (based on default high school attendance zone, ranked in the top 50%)

List Price:

  • Between $100,000 - $450,000

Size:

  • Minimum of 2 bedrooms
  • Lot of three acres or less

Property Type:

  • 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

Sale Type:

  • Must be a traditional sale
  • No REO’s, short sales or auctions


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