FAQ

Lease to Own?

Our Lease with a Right to Purchase Program (the “RTP Program”) allows you to find a home that you want to rent from us initially, but may also like to buy in the next three to five years. We believe that there are many households who may be thinking about buying a home but for whatever reason would like to rent at the current time. You can lease the home for up to three to five years, depending on the state, and you may purchase the home from us at any time at a predetermined price in accordance with the Right to Purchase agreement.
We have certain minimum criteria for our program. Your household must have an annual income of $50,000. You must have stable employment. We cannot accept you into our program if you or anyone in your household has a history of eviction or a pending bankruptcy. Everyone in your household will be subject to a criminal background check.Accordion Sample Description
Every member of your household who is 18 years of age or older must complete the Pre-Qualification Application and the Full Application. The Full Application requires certain information, including residence and employment history, for each member of the household. You also must provide income and asset verification for each member of the household whose income is to be considered in determining the rent approval amount in order for your application to be considered complete.If you are moving from a different state or starting a new job, we will need confirmation of your new job and income. We take several factors into consideration when reviewing an application, which include household income, rent-to-income and debt-to-income ratios, rental and housing history, employment history, criminal history, and FICO® scores. We will usually process your application within 1 to 3 business days of receiving all required information.
We have a one-time Application Fee of $75 per household that must be paid online as part of the application process. This Application Fee covers all applicants in the household and is nonrefundable. Please note that in California, the Application Fee is $45 if there is only one applicant in the household and $75 if there are two or more applicants in the household.
We take several factors into consideration when reviewing an application, which include household income, rent-to-income, and debt-to-income ratio, rental and housing history, employment history, criminal history, and FICO® score. We consider the profile of the entire household when reviewing an application. If your application is denied, you will receive notification in writing.
You should work with your REALTOR® to search for homes that meet our purchasing criteria. Generally, this means that the home should be: 1. Located in an approved community (based on high schools and not adjacent to features that may negatively impair value); 2. Listed for between $100,000 and $550,000 in most states, though exceptions apply in California, Oregon, Virginia and Washington; 3. Located on a lot no more than three acres with a minimum of two bedrooms; 4. A single family home or fee-simple townhome; condo associations, condo interests, commercial and multi-family properties are not eligible for the RTP Program; 5. A traditional sale. Short sales, auctions, and REOs are not eligible for the RTP Program; and; 6. Free from material deficiencies; 7. No guest houses/ in-law suits with separate entrances; Please note we only purchase homes with swimming pools or other water features in certain states. At the current time, we purchase homes with pools only in the following states: California, Florida, Georgia, Oklahoma and Texas. Once you have selected a home, the REALTOR® must submit it to us online.
No. The homes shown on our website are listed for sale in the markets in which we operate. This list of homes automatically feeds into our website from a listing service and is updated on a regular basis. However, we cannot filter for certain criteria such as whether a townhome is or is not fee-simple so there is a possibility that a home shown on our website does not meet our minimum eligibility criteria. The information on available homes shown on our website is for informational purposes only and cannot be guaranteed by Home Partners.
We only consider homes that have a default public high school attendance zone for public high schools ranked in the top 50% within each of our approved markets (based on standardized math and verbal test scores). A home must fall within the default attendance zone of an approved public high school, so although the lists on our website are sorted by county, we do not consider homes that do not meet this requirement.
Yes. Generally, we require a deposit equal to two months’ rent. This deposit is not applied towards your rent. If you decide to leave the home at the end of any one-year lease term and you have been in compliance with the terms of the lease and return the home in the same condition it was in when you moved in (normal wear and tear excepted), the full deposit will be returned to you or credited to the purchase price if you buy the home. The full deposit (less any outstanding charges owed to Home Partners) is also returned to you if you exercise your Right to Purchase the home.
On average, it takes approximately five to six weeks from the time we enter into a purchase agreement for a home until the day you are able to move in. There are a number of variables that may affect the move-in timeframe, including the length of negotiation with the seller leading up to when we enter into a purchase agreement, what the home inspection reveals with respect to required repairs, and the renovations you request. We will keep you informed throughout the entire purchase and renovation process so that you are aware of this timing.
You are our tenant, and we are your landlord. You have entered into a lease with us for one year and are bound to the terms of that agreement. We will collect your monthly rent and perform any necessary repairs that are our responsibility after you move in.
No. Monthly rent payments are not applied to the purchase price of the home. If you decide to exercise your Right to Purchase, you must pay the full predetermined price as set forth in the Right to Purchase Agreement.
You may notify us at any time that the Lease is in effect that you would like to exercise your Right to Purchase. However, you must provide us with that notice in writing at least 60 days before you want to complete the purchase. Once you notify us that you want to exercise your Right to Purchase, we will contact you to get the process started.
You can exercise your Right to Purchase at any time during your Lease. However, you must provide us with written notice of your intent to exercise at least 60 days before you want the sale to close. In addition, the closing date must occur before the end of the applicable Lease term.
We are not a mortgage company and we will not provide or arrange a mortgage loan for you. We cannot guarantee that you will be able to obtain a mortgage loan if and when you wish to exercise the Right to Purchase.
We do allow up to three pets (cats or dogs) with a max weight limit of 180 pounds total. For dogs, you must not have a Doberman, Pitbull, Rottweiler or Mastiff. We do not allow for other animals such as pigs, horses, chickens, goats, etc. There is a $300 per pet fee in most states. This fee is due with the required deposit and is refundable in the event you purchase the home. Otherwise, it is not refundable.

Zero Down?

Chenoa Fund is an affordable housing program provided through CBC Mortgage Agency (CBCMA), a uniquely created and organized government institution. CBCMA specializes in providing down payment assistance solutions in conjunction with FHA loans, with a focus on providing funding for affordable housing opportunities in communities nationwide.
CBCMA is a federally chartered, public-purpose government lender. CBCMA created Chenoa Fund to help lenders to assist their borrowers to obtain the 3.5% minimum required investment on an FHA loan. CBCMA partners with quality, delegated mortgage companies in providing a simple and profitable program, in an effort to increase affordable and sustainable home-ownership opportunities for credit worthy individuals. For more information, call 866-563-3507. CBCMA partners with quality mortgage lenders on a correspondent basis to provide down payment assistance for qualified home buyers in the form of second mortgages and gifts. All assistance is provided in compliance with FHA guidelines. Our affordable housing programs help meet the needs of an under-served population. Because of the restrictions put on lending in recent years, there is a significant need for home financing for those who have good credit and a responsible debt burden, but who have been unable to put aside sufficient funds to provide a down payment. There is also a significant number of borrowers who would rather save the nest-egg they have carefully put aside for a rainy day rather than use it for a down payment.
We believe that everyone in America should have access to affordable housing, and our mission is to make that happen by providing credit-worthy families the financial tools to purchase a home. We believe that by assisting responsible home buyers to overcome the challenge of the minimum investment required for a mortgage, we are helping to create healthy communities by improving the balance between home ownership and other types of housing. Through the Chenoa Fund, borrowers that meet our income, credit score and DTI requirements (see our Program Guidelines), and who can otherwise qualify for an FHA loan, can receive a first mortgage and a second mortgage or grant to cover their 3.5% minimum investment requirement.

Who Is NRG Bryan | O’Neil?

org-real-estate.com is an online marketplace that connects you, the home consumer, to top local real estate professionals that match your needs.
Our network includes independent Real Estate agents from the top agencies and boutiques who are area experts. These agents do not work for us, nor do they pay to belong to our network. They are simply the best in their area.
Top Agents have earned their reputation and know that their professional standards are fully supported and protected. We have a team of research and service professionals who thoroughly analyze requests from buyers and sellers. When requests arrive, we screen, match, and closely monitor the activity between agent and customer until the transaction succeeds. Top Agents come to us because we offer a screening process and the ongoing assistance that builds customers’ confidence and even provides additional moral support during the entire process.
Our agents know your neighborhood inside and out. They provide the history and context that enable you to make good decisions. They know the educational, social, and economic issues that are relevant to your transaction. They have the data and the judgment to set the right price of your home.
We do all the work for you. Our skilled researchers identify and handpick the best agents in every neighborhood in the United States. Our researchers constantly refine and update our network. Like our agents know their neighborhoods, we know industry resources inside and out. We know what to look for in terms of agent performance. We know how to get beyond the marketing fluff and bring home the real facts.
You never pay anything to NRG – Bryan | O'Neil. NRG – Bryan | O'Neil is a no-cost and no-obligation service. Selected agents rely on us for high-return referrals. When they complete a successful transaction (that means your transaction), they pay us a marketing fee. This process allows us to offer our services to you for free and without obligation.
The first step is to submit your request via our 60 seconds online form. In the form fields, you specify the transaction type (buying or selling), your area, and price range. After our assessment is complete, we send three agent matches, which you can view online.
You choose. Once we match you, you design the relationship with your agent; whatever suits and supports your personal preferences. Whichever method, all of the matched agents will provide industry-leading advice on buying or selling a home. If you want to list your home, you can follow this step-by-step process: 1) Select the agents whom you want to evaluate from our recommended matches; 2) Set up a listing appointment with one or more of our Top Agents; 3) Meet with agents in your home (the listing appointment) and receive the agents’ property evaluation and guidance on different pricing strategies; and finally 4) Select the agent that best fits your style. Most of our agents will be more than happy to schedule a listing appointment.
Every agent that we select for you is of the highest caliber, but we pride ourselves on finding the right fit. If we need to refine your matches, we will. We will work with you until you are completely satisfied. Send us an email or call us and we’ll start from there.
NRG – Bryan | O'Neil takes the privacy and security of personal data very seriously. We will not share your information with anyone other than your prospective agents. For more information, please review our Privacy Policy.
We provide you with the profiles and proposals of the exact Real Estate agents that you should consider. While each Real Estate agent is extremely qualified, you should pay attention to information like: exact neighborhood expertise, similarity of vision, and personality fit.
NRG – Bryan | O'Neil is a licensed broker in the state of Minnesota and Wisconsin able to accept referral fees in all fifty states. MN: License #01426453, WI: License #01426453
Yes. We have a team of account executives who will walk you through the whole process from opening your account to reviewing your agents’ proposals. Account executives are available Monday through Friday from 9:00 a.m. to 5:00 p.m. Pacific Standard Time at (888) 695-1400.
Please send us an email. We depend on your feedback and welcome your success stories and lessons learned. We’re in this together.