Real Estate > House For Sale
RENT-TO-OWN PROGRAM: HOME PARTNERS OF AMERICA
- Publish Date: 02-17-2023 12:51:00 |
- Contact: Cathy Johnston |
- Location: Phoenix 85016 |
- Place: Phoenix and Surrounding Areas |
- 559 times displayed |
Have you ever seen ads about Lease to Own, Rent to Own? Well, this is a nationwide known company that gives you the opportunity to pick the home you want to rent to own!
THE GENERAL PROCESS:
You search for a home on their list that fits your needs from a rental price. You apply to be approved as a rent, then we will make a cash offer (major benefit in this market). You then lease it at the agreed price shown on their site for that home.
WHY IS THIS BENEFICIAL TO YOU IF YOU'RE NOT READY TO BUY?
1. The rent is set and can be set at the price they show you from Year 1-5. That means no major change in your lease, other landlords could raise the rent by hundreds of dollars once your 12 months is up
2. You can have the “option to buy that exact home” when your lease is over. It’s the same as buying any house, you’d get the loan and buy it directly from them. The benefit is that your deposit and other credits get applied to the purchase for you!
3. If you decide to NOT BUY the home, no big deal. You treat it just like you would any other rental. If you want to move out at the end of the lease, you do. No obligation to stay or buy it.
*WHO IS ELIGIBLE FOR THE PROGRAM?
We evaluate rent-to-income and debt-to-income ratios, FICO scores, housing, employment, and criminal history, and other considerations:
-Annual household income of at least $40,000
-Proof of income
-No open Chapter 7 bankruptcy
-No Disqualifying criminal history
-Minimum of 45 days from date of application move-in
****I as a certified Realtor with Home Partners will assist through the process and set you up to view homes.****
*ARE APPLICANTS REQUIRED TO WORK WITH A REAL ESTATE AGENT TO FIND A HOME FOR LEASE PURCHASE?
One of the benefits of our program is that applicants must work with a licensed real estate agent to find a home. This way, applicants have the expertise and advice of a professional.
HOW IT WORKS:
https://www.youtube.com/watch?v=dJTOW9Spq4Q&t=12s
FAQs
https://www.homepartners.com/faqs
The Math
https://www.homepartners.com/how-it-works/the-math
Ready to learn more about this?
THE GENERAL PROCESS:
You search for a home on their list that fits your needs from a rental price. You apply to be approved as a rent, then we will make a cash offer (major benefit in this market). You then lease it at the agreed price shown on their site for that home.
WHY IS THIS BENEFICIAL TO YOU IF YOU'RE NOT READY TO BUY?
1. The rent is set and can be set at the price they show you from Year 1-5. That means no major change in your lease, other landlords could raise the rent by hundreds of dollars once your 12 months is up
2. You can have the “option to buy that exact home” when your lease is over. It’s the same as buying any house, you’d get the loan and buy it directly from them. The benefit is that your deposit and other credits get applied to the purchase for you!
3. If you decide to NOT BUY the home, no big deal. You treat it just like you would any other rental. If you want to move out at the end of the lease, you do. No obligation to stay or buy it.
*WHO IS ELIGIBLE FOR THE PROGRAM?
We evaluate rent-to-income and debt-to-income ratios, FICO scores, housing, employment, and criminal history, and other considerations:
-Annual household income of at least $40,000
-Proof of income
-No open Chapter 7 bankruptcy
-No Disqualifying criminal history
-Minimum of 45 days from date of application move-in
****I as a certified Realtor with Home Partners will assist through the process and set you up to view homes.****
*ARE APPLICANTS REQUIRED TO WORK WITH A REAL ESTATE AGENT TO FIND A HOME FOR LEASE PURCHASE?
One of the benefits of our program is that applicants must work with a licensed real estate agent to find a home. This way, applicants have the expertise and advice of a professional.
HOW IT WORKS:
https://www.youtube.com/watch?v=dJTOW9Spq4Q&t=12s
FAQs
https://www.homepartners.com/faqs
The Math
https://www.homepartners.com/how-it-works/the-math
Ready to learn more about this?
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