"Rent with Purchase Rights"
Hyperion Homes is dedicated to providing responsible families or individuals a fair and transparent path to homeownership. The credit crisis that began in 2008 has created millions of households that cannot obtain a mortgage, despite the fact they have a stable source of income and the capacity to pay. These potential home buyers are forced to rent for a period of time and unfortunately cannot purchase a home even at current depressed housing prices.
Unlike other programs, Hyperion Homes enables approved residents to find a home that they want to rent, but also would like to eventually buy through Hyperion Homes’ Lease with Purchase Right Program.
Unlike a traditional mortgage, the resident's financial commitment is limited to the initial term of the Lease.
The resident is not obligated to renew the Lease or purchase the home. It's their choice.