HOW IT WORKS:
Here’s an overview of how the Home Partners’ Lease with a Right to Purchase Program process works, from prequalification to application to approval to home close:
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. (Click here for The Math )
Find a qualified homeFind A Home
Prospective residents will work with a REALTOR® to find a home in an approved community. CLICK HERE for our Comprehensive Property Guide.
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.
To see if a list of reasons that homes may be disqualified from our program, please visit our List of Automatic Property Disqualifiers HERE.
To see if a home not listed on the website is in an approved community, please visit our address checker at: www.homepartners.com/how-it-works/addressCheck
Home Partners buys the qualified home, household leases the home
Household has right to purchase the home
BOBBY BALDOR, REALTOR
Dream America's mission is to promote home ownership. Our Dream Lease to Own program is designed to turn renters into homeowners. Once approved, you go out with a local real estate agent and pick any house you want within your approved budget. Dream America will then buy the home and lease it back to you until you qualify for a mortgage. Already qualified for a mortgage? Dream Cash puts you in a position to submit offers with no financing contingency which we have found leads to a high acceptance rate.