#1 - Who is Home Partners of America, Inc.?

• 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 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 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. Len and Donna Terry are seasoned professional that can assist you when you need help or further explaination.

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.

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.

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.

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.

You should work with Rent 2 Own Orlando to search for homes that meet our purchasing criteria. Generally, this means that the home should be:

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 $400,000 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 suits with separate entrances;
8. 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.
9. Once you have selected a home, Rent 2 Own Orlando must submit it to us online.

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.

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.

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.

• Prices are subject to change, homes may have been sold or are pending, and some properties may not meet investors criteria for purchase. The homes listed meet the basic qualifications, but certain details which are not necessarily published by the listing agent may disqualify a home, such as the condition, age, HOA qualifications, lot sizes, less than 50% complete subdivisions, etc., to name a few. Please click the link for further details.

• The Lease with Right to Purchase Program ("Program") is offered and administered by Home Partners.

• Resident and property must meet eligibility requirements, which are subject to change. Please see information about terms and conditions of Program at HomePartners.com.

• Resident must qualify for a mortgage from a third-party lender to exercise the right to purchase a home. Home Partners does not provide financing for resident to purchase a home. Home Partner's approval for resident to lease home does not mean that resident will later qualify for a mortgage.

• Home Partners is not affiliated with any real estate professional (e.g., a real estate broker or sales agent).  Real estate professionals and Home Partners are not authorized to act on behalf of the other, and neither is responsible for the conduct of the other, with respect to residents in the Program.

• No real estate professional represents or warrants any terms, conditions or benefits of the Program. ©2014 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.