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Home Partners of America
A New Path to Homeownership
Home Partners of America’s (HPA) Lease with a Right to Purchase Program has helped more than 12,500 people discover a new path to homeownership.
We here at BHGRE Metro Brokers embrace the changing landscape of the real estate industry. For a variety of reasons, many customers would rather take their time before jumping the gun and buying a home. HPA makes that possible.
A Winning Combination
BHGRE Metro Brokers has closed more transactions with HPA than any other real estate brokerage in metro Atlanta, and we are considered the foremost expert in this program in the area. With our help, we can make the dream of homeownership a reality.
What is HPA?
HPA offers a viable solution to today’s tight mortgage market with its Lease with a Right to Purchase Program.
Struggling to make your homeownership dreams a reality in today’s tight mortgage market? HPA is here to help.
This program makes home owning easy with its competitive lease structures and option to purchase after one year.
Is HPA for you?
Cautious, first-time home buyers
- Credit-worthy people who currently cannot obtain a mortgage
People who have recently re-located
People with foreclosure on record
How it Works
Let’s say you’re interested in becoming an HPA resident. Not unlike a traditional house hunting process, you’ll be working alongside a real estate agent to view listings that fit your budget, lifestyle and daily commute. The only difference: you’ll be viewing listings in HPA approved communities. What does that mean? For a community to be approved by HPA, it must meet safe housing criteria, have access to A-rated school systems with listings typically priced between $100,000 and $550,000.
As you might’ve guessed, these communities tend to house few single-family rental properties, which is where HPA comes into play. Once you decide on a listing, HPA will make an all-cash offer to purchase the home with the intent to lease. Then, you the resident, agree to a minimum one-year lease with rent rates increasing at 3.75 percent each year.
HPA residents can decide to purchase their rental at any point in the five-year lease agreement, during which residents are advised to repair their finances to qualify for a mortgage loan. In the event residents wish to vacate their rental after one year, they’re free to do so penalty-free.