h.e.r-Helping Establish Roots provides responsible households a transparent path to home ownership through our Lease Purchase Program.
We provide the support that you'll need to repair your credit and obtain financing to exercise your right to purchase the home you select on lease purchase.
Our program is designed to set you up for success! We are committed to educating you about what it takes for you to qualify for your home. We support your goal of home ownership!
Once you pass the pre-qualification screening, you will complete one household application including all members 18 and older. There is a one time $99 non-refundable application fee for the entire family applying. You will need to upload supporting documents as well. This process will take approximately 3-5 business days once everything is submitted and a maximum monthly rent for the home is outlined.
Locate a Home
Household finds a qualified home with Licensed REALTOR® Brooke Carlton - The Bond Team Member
Once a home is identified and approved, the investor will place an offer on the home for you. Once offer is accepted by the seller, you will be required to sign a one year lease and the Right to Purchase Agreement.
A security deposit equal to 1.5 months rent is required when the offer is written. This is refundable as any other security deposit would be if you decide to move out and not purchase the home. If you decide to move forward with the purchase this amount will be returned to you you may apply it towards your buying costs.
Inspection and Repairs
Our partners will pay for your home inspection and complete necessary repairs on the home prior to you moving in. The standard is to deliver a safe, functional home upon move in! Your move in date is set approximately 1-14 days after closing.
Exercising your Option
Once you move in you are tenant on a lease purchase agreement. You will pay a monthly rent until you exercise your option to purchase the home. You will need to notify our partner in writing at least 60 days before you want to complete the purchase. The closing date must be occur before the end of the applicable lease term.