Lease with a Right to Purchase Program

Rent to Own Homes Denver Co Find a Rent to Own Home with a Kenna Real Estate Agent. Kenna Real Estate provides responsible households a transparent path to homeownership through its 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.  

How the Rent to Own Program works:

  1.  Prospective Household applies for approval.
  2.  Household finds a Home Partners qualified home.
  3.  Home Partners buys the qualified home, household leases from Home Partners.
  4.  Household has the right to purchase the home.
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.

Rent to Own Homes

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000 $500,000 - $600,000
907 Properties Found. Page 1 of 51.
Rent to Own Homes
907
Listings
45
Average DOW
$175,000
Min. Price
$550,000
Max. Price
$430,391
Average List Price
$381,308
Average Sold Price
$171
Price per SqFt.
0.17
Average Acres
Photo of Listing #2403646
New Listing

10550 Quintero Street, Commerce City

$530,000 - 4 Beds, 4 Baths, 4,497 Sf

MLS® # 2403646

MB Beck & Associates Real Estate Status: Active
Photo of Listing #3645861
New Listing

1307 Del Mar Parkway, Aurora

$310,000 - 5 Beds, 2 Baths, 1,464 Sf

MLS® # 3645861

Osgood Team Real Estate Status: Active
Photo of Listing #841991
New Listing

11691 Oswego Street, Henderson

$389,900 - 3 Beds, 3 Baths, 2,585 Sf

MLS® # 841991

Bold Brokers
Photo of Listing #2927899
New Listing

20641 E Dartmouth Drive, Aurora

$420,000 - 3 Beds, 3 Baths, 4,078 Sf

MLS® # 2927899

Covenant Brokers Services Status: Active
Photo of Listing #4561353
New Listing

12190 E Amherst Circle, Aurora

$410,000 - 3 Beds, 2 Baths, 2,086 Sf

MLS® # 4561353

Keller Williams Realty Success Status: Active
Photo of Listing #3975442
New Listing

2631 W 110th Avenue, Westminster

$440,900 - 4 Beds, 4 Baths, 2,250 Sf

MLS® # 3975442

Metro 21 Real Estate Group Status: Active
Photo of Listing #8970057
New Listing

6750 E 135th Lane, Thornton

$475,650 - 3 Beds, 3 Baths, 3,110 Sf

MLS® # 8970057

COLDWELL BANKER RESIDENTIAL 24 Status: Active
Photo of Listing #8650103
New Listing

6730 E 135th Lane, Thornton

$528,500 - 4 Beds, 4 Baths, 4,006 Sf

MLS® # 8650103

COLDWELL BANKER RESIDENTIAL 24 Status: Active
Photo of Listing #2707635
New Listing

10237 Telluride Way, Commerce City

$429,900 - 3 Beds, 3 Baths, 3,676 Sf

MLS® # 2707635

L T REALTY INC. Status: Active
Photo of Listing #3396884
New Listing

5451 S Salida Street, Centennial

$439,900 - 4 Beds, 3 Baths, 2,190 Sf

MLS® # 3396884

A2Z Realty LLC Status: Active
Photo of Listing #1562961
New Listing

6790 W Nevada Place, Lakewood

$395,000 - 4 Beds, 2 Baths, 1,938 Sf

MLS® # 1562961

Dawn Harmon Murray Status: Active
Photo of Listing #9139288
New Listing

8148 Sweet Water Road, Lone Tree

$500,000 - 4 Beds, 4 Baths, 3,263 Sf

MLS® # 9139288

STEPHEN STOMPOR Status: Active
Photo of Listing #9881764
New Listing

11320 Haswell Drive, Parker

$360,000 - 4 Beds, 3 Baths, 1,881 Sf

MLS® # 9881764

Sheldon Properties, LLC Status: Active
Photo of Listing #7919677
New Listing

8217 Club Crest Drive, Arvada

$449,900 - 3 Beds, 2 Baths, 2,150 Sf

MLS® # 7919677

Colorado Real Estate Brokerage LLC Status: Active
Photo of Listing #6418148
New Listing

12963 Leyden Street, Thornton

$480,000 - 4 Beds, 4 Baths, 3,894 Sf

MLS® # 6418148

Resident Realty Colorado Status: Active
Photo of Listing #3880550
New Listing

5273 S Holland Street, Littleton

$500,000 - 4 Beds, 3 Baths, 3,060 Sf

MLS® # 3880550

Marlex Real Estate Corp Status: Active
Photo of Listing #2789058
New Listing

21364 E 53rd Avenue, Denver

$360,000 - 4 Beds, 3 Baths, 2,438 Sf

MLS® # 2789058

Madison & Company Properties Status: Active
Photo of Listing #9278305
New Listing

9278 W 91st Place, Westminster

$380,000 - 3 Beds, 2 Baths, 3,251 Sf

MLS® # 9278305

Keller Williams DTC Status: Active

It is easy To Qualify for the Rent To Own Lease with Right to purchase Program.:

  1. Household income $50,000 or More
  2. Credit score of 550 or above
  3. No Evictions within last year
  4. Deposit is two months rent and refundable after 1 year renting
  5. Max home price $550,000
  6. You pick any home for sale as long as its in good condition

More Facts on Rent to Own Homes:

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  will get approved; select a home for sale with an agent, Home Partners 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 Rent to Own 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 Rent To Own Community List

Prospective residents will work with a REALTOR® to find a home in an approved community.

(Click here More for Communities)

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) 

Rent to Own in Adams County
Cherokee Trail HS Horizon HS Standley HS
East HS - Denver Legacy HS  
George Washington HS Pomona HS  
     
Rent to Own in Arapahoe County
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  
     
Rent to Own in Boulder County
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  
     
Rent to Own in Broomfield County
Broomfield HS Erie HS Monarch HS
Centaurus HS Legacy HS Standley HS
     
Rent to Own in Denver County
Cherry Creek HS George Washington HS Wheat Ridge HS
East HS -Denver Littleton HS  
     
Rent to Own in Douglas County
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
     
Rent to Own in 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  
     
Rent to Own in Jefferson County
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  
     
Rent to Own in Larimer County
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  
     
Rent to Own in Weld County
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/

To see if a home not listed on the website is approved, please visit our address checker at: addresscheck.homepartners.com 

 

Total Cost to Rent to Own

Total Cost is the price Home Partners pays for the home, closing costs, make ready and repairs/maintenance costs. Total Cost is used to determine the resident's Right to Purchase prices.

A Rent to Own sample is highlighted below:

Purchase Price $200,000
Closing Costs * $3,000
Make Ready and Repairs/Maintenance Costs $7,000
Total Cost $210,000

* Includes all costs such as transfer taxes, attorneys' fees, title insurance, other acquisition costs, etc.

 

The Monthly  Rent Slightly Increases

Each year, a resident's Monthly Rent increases by no more than 3.75% over the previous year’s Monthly Rent.

For example, if the Monthly Rent for Year 1 is $1,400 per month, the increase for the next year is $50/month (i.e., $1,400 x 1.0375)*.

 Example of Monthly Rent

Year 1 $1,400
Year 2 $1,450
Year 3 $1,500
Year 4 $1,560 
Year 5 $1,620 

 Right to Purchase Price Increases

Each year, the Right to Purchase Price increases by 3.5%-5% (depending on the region).

In the example, if the Total Cost of the home is $210,000 and if the Right to Purchase increases by 5% (i.e., Prior Year Purchase Right Price x 1.05)* then the Purchase Right Price for Years 1-5 is as follows:

Year 1 $220,500
Year 2 $231,500
Year 3 $243,100
Year 4 $255,300 
Year 5 $268,000 )

There are additional costs that the resident will incur if they exercise the Right to Purchase such as closing costs to purchase the home, including transfer taxes, attorneys' fees, title insurance, and the cost of a mortgage loan. As a result, actual total costs to exercise the Right to Purchase will vary.

* Rent will round to the nearest $10. Right to Purchase / Rent to Own Price will round to the nearest $100.

 Kenna Real Estate is in no way , 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.

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 2018 METROLIST, INC., DBA RECOLORADO® -- All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

Listing information last updated on February 18th, 2018 at 10:49pm MST.

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 February 18th, 2018 at 10:49pm MST.

New program offers No Down Payment Loan