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Home Partners of America



LEASE WITH A RIGHT TO PURCHASE

Are you close to being able to buy a home but aren't quite ready?

Did you just move to the Atlanta area and aren't sure where you want to live?

Did you move here for a job and will only be here 1-5 years and you don’t want to buy but want rent certainty for that time period?

Do you need to rent right now but really want to buy a home in a couple years?

Home Partners' Lease with a Right to Purchase Program may be right for you.


HOW THE PROGRAM WORKS  -  PROGRAM SUMMARY

Home Partners provides responsible households a transparent path to homeownership through its Lease with a Right to Purchase Program. The program provides one to five years of rent certainty with an initial financial commitment of just one year. Your Right to Purchase Agreement gives you the right to purchase the home you selected from Home Partners at a predetermined price for every year of your lease, as long as you have been in compliance with the lease, Agreement and other documents. You are under no obligation to buy the home from Home Partners.

APPLYING

If you want to own a home but cannot currently qualify for a mortgage, or if you would prefer to rent a home now with the goal of purchasing it in the next three to five years, then this program may be for you. Home Partners doesn't focus exclusively on your credit score. The full credit profile of your entire household is taken into account when they review your application to the Home Partners program.

ELIGIBLE HOMES

As your REALTOR® I will guide you in finding the right home in the right community that meets the Home Partners' program criteria. The home should be:

  1. Located in an approved community;
  2. Listed for between $100,000 and $450,000 in most states, though exceptions apply;
  3. Located on a lot no more than three acres with a minimum of two bedrooms;
  4. A single family home or fee-simple townhome; condo associations, condo interests, commercial and multi-family properties are not eligible for the RTP Program;
  5. A traditional sale. Short sales, auctions, and REOs are not eligible for the RTP Program;
  6. Free from material deficiencies;
  7. No guest houses/ in-law suits with separate entrances;

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. ©2016 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.

*Berkshire Hathaway HomeServices does not endorse any of the products or vendors, referenced on this material. Any mention of vendors, products, or services is for informational purposes only.