1. What is the Lease with a Right to Purchase Program?

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.

2. Who is eligible for the RTP Program?

We have certain minimum criteria for our program. Your household must have an annual income of $45,000. 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.

3. How do I apply to the RTP Program?

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.

4. How much does it cost to participate in the RTP Program?

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.

5. Why might my application be denied?

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.

6. How do I find a home once I’m approved?

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

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 Florida, Georgia, Texas and Southern California.

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

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

3. Located on a lot no more than two 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 suites with separate entrances;

8. Do you own the homes shown on your website?

No. The homes shown on our website are listed for sale in the markets in which we operate. This list of homes automatically feeds into our website from a listing service and is updated on a regular basis. However, we cannot filter for certain criteria such as whether a townhome is or is not fee-simple so there is a possibility that a home shown on our website does not meet our minimum eligibility criteria. The information on available homes shown on our website is for informational purposes only and cannot be guaranteed by Home Partners.

9. Is there a required deposit?

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.

10. How long does it take from when I select a home to when I move in?

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.

11. What happens after I move in?

You are our tenant, and we are your landlord. You have entered into a lease with us for one year and are bound to the terms of that agreement. We will collect your monthly rent and perform any necessary repairs that are our responsibility after you move in.

12. Are the monthly rent payments that I make applied to the purchase price of the home?

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.

13. How do I exercise my Right to Purchase?

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.

14. Can I buy a home in the middle of a lease term or do I have to wait until the end of the year?

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.

15. Do you provide me with a mortgage or other financing?

We are not a mortgage company and we will not provide or arrange a mortgage loan for you. We cannot guarantee that you will be able to obtain a mortgage loan if and when you wish to exercise the Right to Purchase.

16. Can I have pets in my home?

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.

Property Qualification Criteria

he Lease Purchase Program (“Program”) is offered and administered by Home Partners of America, Inc. Resident and property must meet eligibility requirements, which are subject to change. Resident must qualify for a mortgage from a third party lender or pay the purchase price in cash to exercise the right to purchase a home. Home Partners does not provide financing for the resident to purchase a home. Home Partners’ approval for the resident to lease a home does not mean that the resident will later qualify for a mortgage. ©2018 Home Partners of America, Inc. All rights reserved. Home Partners, 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.

This is a guide to help agents and prospective residents better understand whether homes fit into the Home Partners of America Program. We believe quality homes in affordable communities increase our residents’ likelihood of success with the program. Our Program also considers a home’s potential for leasing and resale in the event our residents move out. Please help us achieve our objectives by reviewing this list of qualification criteria before visiting a home. It will save you time, too!

Note that this is not a comprehensive list and criteria is subject to change. Homes listed on our website may be ineligible for the program, and Home Partners of America reserves the right to reject any property submittal for reasons other than those listed here.


  •  Properties must be located in a Home Partners approved community. Visit homepartners.com/how-it-works/communities for a complete list. For more comprehensive information on our property qualification criteria and approved areas by market including market price caps, CLICK HERE.

  •  Home Partners wants to purchase homes in neighborhood communities within close proximity to centers of activity.

  •  Home Partners will not purchase homes located within close proximity to commercial, industrial, mining or agricultural areas, high traffic roads, active railroad tracks, or airport flight paths.

  •  Home Partners will not purchase homes near structures that could impair value (e.g. high tension power lines, cell/water towers).

  •  Homes within a 100-year flood zone do not qualify except in Florida where a base flood elevation difference of -1.5 or higher is allowed.

  •  Homes must be located on paved roads.

  •  Home Partners will not consider homes in subdivisions or new construction phases that are less than 50% complete.

  •  Properties located in counties or municipalities that require a rental inspection may have delayed move-in dates of thirty days or more after the closing date. Please check with the local county and municipality to confirm their rental license requirements.


Property Type

  •  Home Partners will not purchase short sale, foreclosure or probate properties, bank-owned properties, or any property sold at auction or by a government agency.

  •  Sellers must be willing to use the standard state contract and not require addenda aside from a builder warranty (Home Partners will use the Pulte Homes contract in certain markets – please inquire for more information).

  •  Relocation deals may be considered on a case-by-case basis due to their protracted closing process and their contract addenda.

  •  Home Partners cannot purchase condominiums, including single-family homes or townhomes that are condominium ownership.

  •  Home Partners cannot purchase commercial, modular homes, log cabins, mixed-use or manufactured housing properties.

  •  The property must be on two (2) acres or less. Please be aware that maintenance of all landscaping is a resident responsibility.

  •  Home Partners will not purchase homes that have seven bedrooms or more.


Homeowners Associations

  •  Homes must be located in HOAs that allow leasing without requirements for background/credit checks or interviews. Home Partners will not purchase in HOAs that assume third-party beneficiary rights including the right to evict without notice.

  •  Home Partners will not purchase in age-restricted communities or in HOAs that require a social, tennis, golf or country club membership.

  •  Total annual HOA dues must not exceed 1% of list price. HOA transfer fees and capital contributions must be reasonable and are considered on a case-by-case basis.



  •  Homes must be in good cosmetic and structural condition, in Home Partners’ discretion.

  •  Home Partners will not purchase homes that are over 100 years old.

  •  Home Partners will not purchase homes over 30 years old that are in original condition or with obsolete floorplans.

  •  Home Partners will not purchase homes with converted garages.

  •  Homes must have updated plumbing and electrical (e.g. no polybutylene or galvanized plumbing, aluminum branch wiring, cloth wiring).

  •  All homes must be 100% completed prior to submittal.

  •  Home Partners will not purchase homes with incomplete rehab projects or structures on the premises that are in disrepair.

  •  Homes with a door on an upper level must have a balcony, deck or staircase built on the exterior.

  •  Homes with liens, open permits or unpermitted rehab work will not be considered.

  •  Homes must have central air conditioning (exceptions may apply in CO, OR, MN, PA and WA). All new construction homes must have central AC regardless of location.

  •  Homes must not have any environmental hazards (e.g. mold, lead paint, vermiculite insulation, asbestos, etc.).

  •  Homes built in Maryland before 1978 must have a Lead Free Certificate (contact Home Partners for specifics).

  •  Homes with seepage or subject to flooding will not be considered.

  •  Homes with a history of sinkholes anywhere on or near the property will not be considered.

  •  Homes must have a structurally sound foundation. All structural issues must be remedied and resulting collateral damage repaired.

  •  Home Partners will not consider homes with dirt driveways.

  •  Home Partners will not purchase houses that have sunrooms with glass ceilings.

  •  Home Partners will not purchase homes with synthetic stucco facades.


Other Property Disqualifiers

  •  Prospective residents must physically walk through the home. (Virtual showings do not meet this requirement.)

  •  Homes with solar panels that are leased /not fully owned. (Sellers may pay off the lease and remove the solar panels prior to sale.)

  •  Homes with propane tanks as the primary heating source.

  •  Homes with guesthouses or “in-law suites” in a separate building (e.g. above a detached garage or in a pool house with separate access).

  •  Homes with above ground or vinyl pools.

  •  Home Partners will not purchase homes with in-ground pools outside of Texas, Georgia, Florida, Southern California, and Arizona.

  •  Home Partners will not purchase homes with indoor pools or large exercise spas.

  •  Properties with tax rates (including special service area/community development district/ Mello-Roos) greater than 4% of property value.

  •  Homes must be vacant and empty of all seller's personal belongings prior to closing. Home Partners will not purchase furnished homes or negotiate for personal property aside from standard appliances.

  • Zillow owned properties