Have you heard about this great new program that is available in many cities across the nation? Home Partners of America is offering a new option for those wanting to buy a home but for whatever reason are not able to make the purchase at the present time. Read on to find out more…
“Home Partners provides responsible households a transparent path to home ownership through its Lease with a Right to Purchase Program. The program provides three to five years of rent certainty with an initial financial commitment of just one year.” (homepartners.com)
Watch this video for more information on the services offered by Home Partners…
You are probably wondering what costs are involved in this process. Home Partners has provided this example on their website to better explain the money side.
Read more information regarding the lease, right to purchase agreement and more by clicking here.
Are you interested in the services offered by Home Partners of America? Here are some things they say to consider…
You will need funds to pay the Right to Purchase price if you exercise the Right to Purchase. Typically, you will need the amount of the down payment and you will need to obtain a mortgage loan from a third party. Among the key considerations that a prospective resident should consider include:
- The value of the home may not increase above the price at which the resident has the Right to Purchase (i.e. the Right to Purchase Price may be higher than the value of the home).
- The resident may not be able to exercise the Right to Purchase because he or she may not have the down payment or qualify for a mortgage loan from a third party.
Home Partners is not a mortgage company, does not have any obligation to provide or arrange a mortgage loan, and cannot guarantee that a resident will be able to obtain a mortgage loan.
Still interested in what Home Partners can do for you? You can visit their website at the link below, or call us @ 720-593-2014. We are happy to answer any questions you may have about this amazing new opportunity!