Lease To Own
STEP 1: Apply for Approval
Prospective residents start the process by filling out a Pre-Qualification Application that checks key issues.*
*Anyone who is 18 years or older and will reside in the home must complete both the Pre-Qualification and the Full Application.
If the Pre-Qualification Application is approved, the applicant will be required to submit a Full Application for a full credit and background check.
If a Full Application is approved, Home Partners will outline the maximum Monthly Rent of the home for which the prospective resident qualifies
STEP 2: Find a Qualified Home
Prospective residents will work with The Solution Team to find a home in an approved community.
Once a home is identified and approved by Home Partners, Home Partners will attempt to purchase the home- the outcome of which will depend on certain conditions being met such as agreeing on a purchase price with the seller, a satisfactory inspection, attorney review of the purchase contract, and other closing conditions being satisfied.
STEP 3: Home Partners buys the qualified home, household leases the home
Prospective residents will be required to sign a one year Lease for the home as well as Right to Purchase Agreement.
Step 4: Sold! Household has the right to purchase the home
We buy the home. You lease it and have the right to buy it later if you want to.