The 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 amount.
Let Bion Grady and HPA expand your home rental options and put you on a new path to homeownership. If now isn’t the right time to buy a home, but you’d like more attractive options than what’s currently available in the rental market, HPA's Lease with a Right to Purchase program could be a great alternative.
It’s an innovative program that:
Working together, we can find you the right home and put you on the path to becoming a homeowner. It’s a great
option if you:
HPA provides responsible households with a clear and transparent path to homeownership through its Lease Purchase Program.
As with a standard lease agreement, HPA requires you to sign a lease for a year and make a security deposit. Unlike a standard lease agreement, you will have renewal options providing up to five years* of rent certainty and the right to purchase the home at a price established when you enter the Right to Purchase Agreement, in accordance with the terms of the Agreement.
Basic Requirements to Qualify:
*Annual household income of $50000+
*No History of Evictions or any other landlord issues
*No recent history of continual late payments
*No pending bankruptcies. (One day of bankruptcy is ok)
*Credit Score of 550 or above
*No disqualifying criminal history(felonies/violent crimes)
*Up to 3 pets accepted with pet deposit
Apply for the program at HomePartners.com