Tenant Qualifications:

• Household must have a minimum combined household annual income of  $40,000.00.
• A minimum of 620 FICO TransUnion Classic 08 score.
• We do an AmRent Soft credit pull only, which will NOT HURT your score. 
• Must have stable employment (self employment is okay).
• Must allow us 5 to 6 weeks from time of application to occupancy to purchase the chosen home and make it ready to lease (holidays could add add'l time).
• No history of repeated evictions or a pending bankruptcy at time of application.
• Past bankruptcy okay. Chapter 7 must be fully discharged and Chapter 13 payments must be current at time of application.
• Everyone in the household will be subject to a criminal background check. We are looking for mostly drug trafficing convictions.

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.
• Must provide income verification of household members whose income is to be considered in determining the rent approval amount in order for the application to be considered complete.
• Total household monthly debt payments including rent, must not be over 45% of household monthly gross income (including rent payment).
• If applicant(s) are moving from a state outside of Florida or starting a new job, we will need confirmation of the new job and income. Two check stubs from a Florida employer are required prior to applying.
• Self-employment is acceptable. Prior year federal tax return and two most current monthly bank statements are required.

"HPA" takes several factors into consideration when reviewing an application, which include:

• Household income
• Rent-to-income ratios
• Debt-to-income ratios
• Rental and housing history
• Employment history
• Criminal history
• FICO® scores.

"HPA" will usually make a decision on your application within 1 to 2 business days of receiving all required information and payment of the application fee which includes all members of the household.

"HPA" takes 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. 

Generally, "HPA" requires 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. 

 On average, it takes approximately five to six weeks from the time we enter into a purchase agreement for a home until the day the prospective tenant(s) are able to move in. Holidays may delay the process. There are a number of variables that may affect the move-in time frame, including the length of negotiation with the seller leading up to when "HPA" enter into a purchase agreement, what the home inspection reveals with respect to required repairs, and the renovations you request. "HPA" will keep the prospective tenant(s) informed throughout the entire purchase and renovation process so that you are aware of this timing. 

Many times selecting a vacant home will require less time for the process because:

• Home inspection is quicker and easier with no furniture.
• The owners of the home do not need time to move.

The tenant(s) are "HPA's" tenant, and "HPA" is the tenant(s) landlord. The tenant(s) have entered into a lease agreement with "HPA" for one year whereby both parties are bound to the terms of that lease agreement. "HPA" will collect monthly rents and perform any necessary repairs that are their responsibility after you move in. 

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 executed prior to the tenant(s) occupying the property. 

Key Criteria

• Homes must be located in one of
• our approved communities.
• Single-family homes or fee-simple
• town homes in good condition.
• Homes listed for traditional sale or
• for sale by owner (FSBO).
• Homes with a list price no more
• than our maximum purchase price
• which varies by market.
• Homes must have at least two
• above-grade bedrooms and on a
• lot of two acres or less.
• We consider homes with outdoor in-ground
• pools in Florida only, with an added monthly
• maintenance fee.
• Homes must have central A/C (exceptions may
• apply in Colorado, Oregon, and Washington).
• We consider new construction homes that are
• 100% complete prior to submittal and have
• central A/C.
• New subdivisions or a new phase of existing
• subdivisions must be at least 50% complete.
• Builders must use the standard state contract
• and not require any additional addenda.
• All new construction homes must have central
• A/C regardless of location.
• Homes with doors on raised levels must have a balcony, staircase, or railing on the exterior.
• Homes with synthetic stucco facades are
• considered on a case-by-case basis.
• Homes with outdated plumbing or wiring are considered on a case-by-case basis.

• Condominiums or homes under condominium
• ownership.
• Homes within close proximity to structures that could impair value: industrial buildings,
• high traffic roads, railroad tracks, high-tension power lines, or airport runways.
• Homes with a dirt driveway or a dirt access
• road.
• Short sale, foreclosure, bank-owned or probate homes, or sold by a government agency or at auction.
• If the seller is Najarian Capital LLC, Offerpad, Redfin, Zillow, or any relocation company.
• If the seller is Opendoor, homes built prior to 2010 in Georgia, and prior to 2000 in all other states, will not be considered.
• Commercial, modular, mixed-use, log cabins or manufactured housing properties.
• Homes with a converted garage or a guest house/in-law suite in a separate building. Homes with solar panels that are leased.
• Homes with seepage or subject to flooding.
• Homes with environmental hazards.
• Homes over 100 years old.
• Homes built before 1978 in Illinois, Maryland,
• and Pennsylvania.
• Homes over 30 years old in original condition, or with obsolete floor plans, electrical, or plumbing.
• Homes with more than six bedrooms (more than five in Florida, Illinois, and Texas).
• Homes on more than two acres of land.
• Homes with incomplete or unpermitted rehab projects, liens, or structures in disrepair.
• Homes with a history of sinkholes or near sinkholes, even if it has a repair certification.
• Homes with open permits that cannot be closed prior to closing.
• Homes with oil tanks or propane tanks as the primary heating source.
• Homes with well or septic systems.
• Homes that are furnished or not empty of the seller’s belongings prior to closing. We do not negotiate for personal property aside from standard appliances.
• Homes with an above-ground pool, unless the seller agrees to remove it and re-sod prior to closing.
• Homes with indoor pools or exercise spas.
• Homes with glass ceilings in sun rooms.
• Homes with tax rates, special service area, community development district, or Melo-Roos, greater than 4% of the property value.

Certain situations may be considered on a case-by-case basis dependent on regulations of specific areas our discretion.

Common interest communities, homeowners, town home associations, subdivisions and planned communities (each, an HOA) enforce rules and restrictions for the residents and  homes in their particular geographical area. These rules and restrictions may disqualify a home from our consideration. Any fines assessed by the HOA that are a household responsibility are charged back to the residents during occupancy.

The following is a non-exhaustive list of our

• HOA disqualifying factors:
• Located in an ineligible HOA
• Prohibits home rental
• Requires minimum owner occupancy period
• Imposes age restrictions
• Prescribes maximum rental term
• Imposed cap on number of leased homes
• Requires approval or copy of an executed lease before closing (if requested, we’ll provide an unexecuted copy of the lease before closing)
• Assesses excessive capital contributions or registration fees, and/or annual dues greater than 1% of the home list price
• Requires membership in a country club or any recreational facility
• Deems HOA to be a third party beneficiary of the lease
• Empowers HOA the right to evict a resident
• Requires approval of us or residents (required to provide personally identifiable information, background and/or credit check, in-person
• interview, or personal references)
• Proposed changes to the HOA’s covenants, conditions and restrictions of record that include, without limitation, any disqualifying
• rules or restrictions

You may notify "HPA" at any time that the Lease is in effect that you would like to exercise your Right to Purchase. However, you must provide "HPA" with that notice in writing at least 60 days before you want to complete the purchase. Once you notify "HPA" that you want to exercise your Right to Purchase, "HPA" will contact you to get the process started. 

You can exercise your Right to Purchase at any time during your Lease. However, you must provide "HPA" 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. 

"R2O" or "HPA" 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. 

"HPA's" residents are allowed a maximum number of three (3) pets (cats or dogs) weighing less than 180 pounds in total combined weight. "HPA" expressly prohibits the following dog breeds (including partial mixes of same): Doberman, Pit-bull, Rottweiler or Mastiff. Further, livestock/farm animal pets such as pigs, horses, chickens and goats, aquariums over 20 gallons, and exotic, venomous and verminous pets, are not allowed. In most states, there is a $300 nonrefundable per pet fee, refundable upon purchase of the home. Please note that although assistance animals are excluded from Home Partners’ pet policy requirements, supporting documentation is required to qualify as such.