Lease with a Right to Purchase Program
Many factors go into the decision of whether to rent or buy a home. For example, the upfront costs of buying a home, including the down payment and closing costs (taxes and fees) can be quite high, so it usually makes more sense to rent if you plan to remain in a home for less than five years. Other considerations include property insurance, maintenance and repairs. A homeowner is responsible for these costs while a renter typically does not make any of these payments directly. Nevertheless, the monthly cost of owning a home may be meaningfully lower than the monthly cost of renting.
Lease to Own a Home is as Easy as 1 2 3
1. Fill out the Application
Prospective residents start the process by filling out a Pre-Qualification Application that checks key issues. (Click here to Apply)
If the Pre-Qualification Application is approved, the applicant will be required to submit a Full Application for a full credit and background check.
If a Full Application is approved, Home Partners will outline the maximum Monthly Rent of the home for which the prospective resident qualifies. (Click here for The Math)
2. Find a Home with a Kenna Real Estate Agent
Prospective residents will work with a REALTOR® to find a home in an approved community. (Click here for Communities)
Once a home is identified and approved by Home Partners, Home Partners will attempt to purchase the home- the outcome of which will depend on certain conditions being met such as agreeing on a purchase price with the seller, a satisfactory inspection, attorney review of the purchase contract, and other closing conditions being satisfied.
To see if a home not listed on the website is approved, please visit our address checker at: addresscheck.homepartners.com
The Lease with a Right to Purchase program provides responsible households who cannot obtain a mortgage a clear and transparent path to home ownership. A qualified applicant (œresident) will get approved; select a home for sale with an agent, Hyperion will buy the home in cash, lease it to the resident & provide a right to acquire it anytime during the lease period.
The resident™s financial obligation is limited to 1 year of rent.
Approved residents can:
Elect to rent for up to 5 years
Move out after each one year lease term without penalty
Purchase the home ANYTIME during tenancy
Colorado Community List
Home Partners of America uses consistent and objective investment criteria- including median home prices and high school rankings- to identify communities that have a high quality of life and long-term opportunities for residents. The following is a list of Home Partners of America and Kenna Real Estate's approved communities and high schools in Colorado: (Click here to Apply)
|Cherokee Trail HS||Horizon HS||Standley HS|
|East HS - Denver||Legacy HS|
|George Washington HS||Pomona HS|
|Arapahoe HS||George Washington HS||Mountain Vista HS|
|Chaparral HS||Grandview HS||Smoky Hill HS|
|Cherokee Trail HS||Heritage HS||Thunderridge HS|
|Cherry Creek HS||Highlands Ranch HS|
|Eaglecrest HS||Littleton HS|
|Berthoud HS||Golden HS||Ralston Valley HS|
|Boulder HS||Legacy HS||Silver Creek HS|
|Broomfield HS||Longmont HS||Standley Lake HS|
|Centaurus HS||Mead HS||Thompson Valley HS|
|Erie HS||Monarch HS|
|Fairview HS||Niwot HS|
|Broomfield HS||Erie HS||Monarch HS|
|Centaurus HS||Legacy HS||Standley HS|
|Cherry Creek HS||George Washington HS||Wheat Ridge HS|
|East HS -Denver||Littleton HS|
|Arapahoe HS||Columbine HS||Lewis-Palmer HS|
|Castle View HS||Douglas County HS||Mountain Vista HS|
|Chaparral HS||Grandview HS||Palmer Ridge HS|
|Chatfield Senior HS||Heritage HS||Ponderosa HS|
|Cherokee Trail HS||Highlands Ranch HS||Rock Canyon HS|
|Cherry Creek HS||Legend HS||Thunderridge HS|
|El Paso County|
|Air Academy HS||Douglas County HS||Manitou Springs HS|
|Castle View HS||Falcon HS||Palmer HS|
|Cheyenne Mountain HS||Fountain - Fort Carson HS||Palmer Ridge HS|
|Coronado HS||Harrison HS||Pine Creek HS|
|Discovery Canyon Campus School||Lewis-Palmer HS||Vista Ridge HS|
|Doherty HS||Liberty HS|
|Arvada West HS||Fairview HS||Pomona HS|
|Bear Creek HS||Golden HS||Ralston Valley HS|
|Boulder HS||Green Mountain HS||Standley Lake HS|
|Broomfield HS||Heritage HS||Thunderridge HS|
|Chatfield Senior HS||Lakewood HS||Wheat Ridge HS|
|Columbine HS||Littleton HS|
|Dakota Ridge HS||Monarch HS|
|Berthoud County||Loveland HS||Rocky Mountain HS|
|Fort Collins HS||Mead HS||Thompson Valley HS|
|Fossil Ridge HS||Mountain View HS||Windsor HS|
|Longmont HS||Poudre HS|
|Berthoud HS||Legacy HS||Niwot HS|
|Centaurus HS||Longmont HS||Poudre HS|
|Erie HS||Mead HS||Windsor HS|
|Fossil Ridge HS||Mountain View HS|
RENT to Own Any Home you Want! Contact us Now 303-955-4220
Rent to Own Fast and Easy | *NEW to Denver Area Lease Option Program*
Here is a useful link to evaluate your options: http://portal.hud.gov/HudCalculators/
Kenna Real Estate is in no way responsable for Hyperion Homes, Home Partners of America. Hyperion Homes, Home Partners of America act as your landlord if you proceed with the Lease with the right to Purchase Program, Kenna Real Estate is not a mortgage company, does not see your credit, have any imput, or can guarantee you will be approved by Hyperion Homes, Home Partners of America. Kenna Real Estate and irs Agents have no obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.
Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS.
Listing information last updated on November 25th, 2017 at 4:04am MST.
Terms and Conditions: The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Kenna Real Estate are marked with the IDX Logo. This information is being provided for the consumers personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
Copyright 2017 METROLIST, INC., DBA RECOLORADO® -- All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listing information last updated on November 25th, 2017 at 3:34am MST.