Home Partners of America - Lease with Right to Purchase

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

Here is a list of ALL of the Homes that are Eligible for the Home Partners program by Location: 

• Palm Harbor
• Oldsmar
• Tarpon Springs
• Dunedin
• Clearwater
• Tampa
• Westchase
• Trinity