Lease To Purchase Program

Are you close to being able to buy a home but aren’t quite ready? Did you just move to the St. Louis Metro area and aren’t sure where you want to live? Do you need to rent right now but really want to buy a home in a couple years? Home Partners’ Lease with a Right to Purchase Program may be right for you.


Home Partners provides responsible households with a clear and transparent path to homeownership through its Lease with a Right to Purchase Program. This program provides five years of rent certainty with only a one-year initial commitment on the lease.


As with a standard lease agreement, Home Partners requires you to sign a lease for a year and make a security deposit. Unlike a standard lease agreement, you will have renewal options providing five years of rent certainty and the right to purchase the home at a price established when you enter the Right to Purchase Agreement, in accordance with the terms of the Agreement. You can also select the home that you want to live in from those eligible and available for sale in communities Home Partners serves – enabling you to live in a neighborhood today where you might not otherwise find a suitable home to rent.


Your initial lease is for one year, so your initial commitment is limited to one year. Your lease is renewable every year for five oneyear periods, and you have the right to notify Home Partners if you don’t want to renew the lease. Your full security deposit will be returned as provided in the lease if you decide to leave the home at the end of a lease period and have been in full compliance with the lease.

How Do I Qualify for Home Partners?

Home Partners evaluates rent-to-income and debt-to-income ratios, rental and housing history, criminal history, FICO scores, and other elements of an application.

  • Annual household income of $50,000 with stable employment history
  • No recent history of eviction in the last five years and no open or pending bankruptcy
  • Credit score of 500 or above
  • No disqualifying criminal history
  • Pets are permitted (with some breed restrictions)
  • Application fee of $75 per household
  • Full application from anyone 18 years +

What Home Qualify for Home Partners?

  • Must be in a Home Partners approved school district
  • Homes priced between $100k-$450k
  • Single family or fee simple town homes
  • No short sales, bank-owned, auctions or REO
  • New construction in some cases
  • No structural or material defects
  • Basically, a great home!





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