| Purchase Price | HES can pay up to 70% of the appraised value of your home. |
|---|---|
| Initial Monthly Rent | Your monthly rent will be determined by a number of factors including, but not limited to the value of your home, the amount HES pays for your home, and the current rental market in your area. Once you are pre-qualified, an HES professional will work with you to determine the amount of rent. Your rental amount is guaranteed to stay the same for five years. |
| Option Fee | HES will collect an option payment ranging from 2.5% to 7.5% of the purchase price at closing. |
| Sale to a Third Party | If you decide to sell the home rather than buying it back from HES, HES will collect a fee of 3% of the sales price. |
| Late Fee | If you are late paying your rent, HES will collect a 6% fee for each month that rent is late. |