Not Quite Ready to Purchase?

Take advantage of a Lease with Option to Purchase to get into your home in 30-60 days!

Not Quite Ready to Purchase?

Take advantage of a Lease with Option to Purchase to get into your home in 30-60 days!

How the Process Works

Answer a Few Questions

Tell us a little about the home you want to purchase & your current financial situation.

Complete the HPA Application

Determine how much home you can purchase & what you qualify to pay monthly for rent.

Find the Perfect Home

One of our local partners will call you within 24-hours to get the process started.

Why Home Partners of America?

Home Partners’ Lease with a Right to Purchase Program allows you to find a home that you want to rent from us initially, but may also like to buy in the next three to five years. We believe that there are many households who may be thinking about buying a home, but for whatever reason would like to rent at the current time. You can lease the home for three to five one-year terms, depending on the state, and you may purchase the home from us at any time at a predetermined price.

VA loans may offer significant benefits for those who qualify, such as no down payment, no mortgage insurance, and lower interest rates, which can help make it easier for those who have served our country to become homeowners.

Why Lease with a Right to Purchase?

How Home Partners Has Helped Homeowners...

Frequently Asked Questions

Our Lease with a Right to Purchase Program (the “RTP Program”) allows you to find a home that you want to rent from us initially, but who may also like to buy at any time within the next three to five years.

We believe that there are many households who may be thinking about buying a home but for whatever reason would like to rent at the current time.

You can lease the home for up to three to five years, depending on the state, and you may purchase the home from us at any time at a predetermined price in accordance with the Right to Purchase agreement.

We have certain minimum criteria for our program. Your household must have an annual income of $50,000. You must have stable employment. We cannot accept you into our program if you or anyone in your household has a history of eviction or a pending bankruptcy. Everyone in your household will be subject to a criminal background check.

Every member of your household who is 18 years of age or older must complete the Pre-Qualification Application and the Full Application. The Full Application requires certain information, including residence and employment history, for each member of the household. You also must provide income verification for each member of the household whose income is to be considered in determining the rent approval amount in order for your application to be considered complete.If you are moving from a different state or starting a new job, we will need confirmation of your new job and income.

We take several factors into consideration when reviewing an application, which include household income, rent-to-income and debt-to-income ratios, rental and housing history, employment history, criminal history, and FICO® scores.

We will usually make a decision on your application within 1 to 3 business days of receiving all required information.

We have a one-time Application Fee of $75 per household that must be paid online as part of the application process. This Application Fee covers all applicants in the household and is nonrefundable.

Please note that in California, the Application Fee is $45 if there is only one applicant in the household and $75 if there are two or more applicants in the household.

We take several factors into consideration when reviewing an application, which include household income, rent-to-income, and debt-to-income ratio, rental and housing history, employment history, criminal history, and FICO® score. We consider the profile of the entire household when reviewing an application. If your application is denied, you will receive notification in writing.

You should work with your REALTOR® to search for homes that meet our purchasing criteria. Generally, this means that the home should be:

  1. 1. Located in an approved community (home is displayed on www.homepartners.com and is not adjacent to features that may negatively impair value);

  2. 2. Listed for between $100,000 and $450,000 in most states, though exceptions apply;

  3. 3. Located on a lot no more than three acres with a minimum of two bedrooms;

  4. 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. 5. A traditional sale. Short sales, auctions, and REOs are not eligible for the RTP Program;

  6. 6. Free from material deficiencies;

  7. 7. No guest houses/ in-law suits with separate entrances;

Please note we only purchase homes with swimming pools or other water features in certain states. At the current time, we purchase homes with pools only in the following states: California, Florida, Georgia, Oklahoma and Texas.

Once you have selected a home, the REALTOR® must submit it to us online.

Yes. Generally, we require a deposit equal to two months’ rent. This deposit is not applied towards your rent. If you decide to leave the home at the end of any one-year lease term and you have been in compliance with the terms of the lease and return the home in the same condition it was in when you moved in (normal wear and tear excepted), the full deposit will be returned to you or credited to the purchase price if you buy the home. The full deposit (less any outstanding charges owed to Home Partners) is also returned to you if you exercise your Right to Purchase the home.

On average, it takes approximately five to six weeks from the time we enter into a purchase agreement for a home until the day you are able to move in. There are a number of variables that may affect the move-in timeframe, including the length of negotiation with the seller leading up to when we enter into a purchase agreement, what the home inspection reveals with respect to required repairs, and the renovations you request. We will keep you informed throughout the entire purchase and renovation process so that you are aware of this timing.

No. Monthly rent payments are not applied to the purchase price of the home. If you decide to exercise your Right to Purchase, you must pay the full predetermined price as set forth in the Right to Purchase Agreement.

You may notify us at any time that the Lease is in effect that you would like to exercise your Right to Purchase. However, you must provide us with that notice in writing at least 60 days before you want to complete the purchase. Once you notify us that you want to exercise your Right to Purchase, we will contact you to get the process started.

You can exercise your Right to Purchase at any time during your Lease. However, you must provide us with written notice of your intent to exercise at least 60 days before you want the sale to close. In addition, the closing date must occur before the end of the applicable Lease term.

We do allow up to three pets (cats or dogs) with a max weight limit of 180 pounds total. For dogs, you must not have a Doberman, Pitbull, Rottweiler or Mastiff. We do not allow for other animals such as pigs, horses, chickens, goats, etc. There is a $300 per pet fee in most states. This fee is due with the required deposit and is refundable in the event you purchase the home. Otherwise, it is not refundable.

Find Out How To Qualify For Your New Home Now

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Find Out How To Qualify For Your New Home Now​

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Participating lenders are preferred VA loan experts that work with Amalya Realty Group and receive consumer contact information, like yours. The lender that receives your VA loan inquiry is based on your location. For more information on our advertising practices, see our Terms of Use & Privacy. Amalya Realty Group is a Florida licensed real estate brokerage. Feel free to Contact Us with any questions.