Frequently Asked Questions

Beginning in your 30th month of renting the home, simply provide us 30 days of notice when you are ready to buy, and we will walk with you through each step! It is as easy as that!

Yes. Because we hope you become the owner of the home, we encourage you to make it your own. However, if you decide not to buy the house, the home must be returned to the original condition.

Yes. Learn more about our pet policy.

Yes. You are required to demonstrate proof of personal liability insurance and renter's insurance. Additionally, if you have a dog, your liability insurance will need to cover dog bites. We can help you get the insurance you need if you'd like.

No. You can give us notice 60 days before the end of the first year to let us know you're moving out.

Yes. Normal yard and lawn maintenance is a part of your responsibility unless your home is within an HOA that does this for you.

Traditional rentals don't allow you to buy. In our program, you have an option to buy the home from us and we provide education, coaching and partnerships to help you prepare.

If you are not initially approved, you can re-apply in six months.

The maximum number of occupants will be dictated by local codes and ordinances in the area in which your home is located.

Yes. We require a security deposit equal to one month's rent, due before move in.

We currently serve select metro areas with plans to expand to many more soon. You can find the areas we purchase in here. Be the first the know when Pathway launches in your market: Sign up for updates.

Yes. During your application, a $75 application fee will be charged. This fee is non-refundable.

We require a minimum household income of $75,000 or monthly income in the amount 3 times rent. Pathway Homes will use TransUnion’s ResidentScore to determine satisfactory credit history to approve your application.  Some outcomes may result in the requirement of an additional deposit, guarantor or denial. We will also do a background check.

We understand that life happens, situations change, and people sometimes need to move. You are always free to move out of the home after giving Pathway proper notice based on the terms of your lease. We will not charge you any penalties or fees if you decide not to purchase the home.

The cost of purchasing the home from Pathway is outlined in your Option Agreement. However, if you need to get a mortgage to finance the purchase, you can expect to pay typical mortgage and buyer's closing costs. If you need assistance identifying a mortgage provider, we can help.

Our program is designed to help anyone become an owner of a home, even non-US citizens. Permanent residents with a green card and non-permanent residents with a valid work visa are allowed to participate in the program. Additionally, participants in the Deferred Action for Childhood Arrivals (DACA) program‚ also known as Dreamers ‚ are eligible for participation. Any other types of unlawful presence in the United States are not permitted under the program.

Please let us know right away if something occurs to cause damage to the home. Pathway will work with you to determine the steps needed in order to fix any damage to the home.

They will need to be added to the lease and go through a background screening if they want to reside in the home full time.

Our minimum household income for pre-approval is $75,000 or monthly income 3 times the rent. If you fall slightly below that, we would love to talk with you about your options. We will verify deposits that have historically come into your accounts on a monthly basis. This is an automated, online process. In most cases, this requires little to no documentation from you.

First, you select a move-in ready home, and apply. On approval, we will connect with you to reserve the home, set a move-in date, let you sign a lease and then, you'll move in and enjoy the home and our homeownership readiness resources and benefits. We will be with you every step of the way, from home selection to deciding to purchase at the end of the program. Our goal is to create the best experience for you as you begin and finish your journey to homeownership!

Approved applications are valid for 90 days after initial approval. If you have not selected a move-in ready home within 90 days of your approval we will need to validate your income, credit, and background checks again to refresh the application with the most current information.

Our application only takes a few minutes and has a $75 fee. Once you are approved for your selected home, we will collect a fee to reserve the home and get you set up for move-in. Then we collect your first month's rent and a security deposit.

Pathway's product requires you to sign two agreements: a lease and an option agreement. The lease covers things that you'd see in a traditional rental agreement. The Option Contract is what gives you the exclusive ability to buy the home.

You are eligible to purchase the home at the end of the program. At the end of each year, your lease will renew for an additional year. You can work towards purchasing the home at your own pace, or you can move into another Pathway home or simply move out.

In as little as 10 days! As soon as you are approved for your chosen property, and your payments have been made, you can move in with a signed lease agreement.

Before you move-in. You will pay your security deposit and first month's rent payment when you sign your lease agreement.

Residents are responsible for all utility costs. Traditionally, these utilities may include: Electricity, Gas, Internet / Cable, Water, Sewage, Trash. These may vary if your home is within an HOA that covers some of these costs.

If you are currently qualified for a traditional mortgage, we recommend taking that path. But if you are still working on improving your credit score, putting together savings for a down payment, or both, Pathway's product can get you into a home today while you get mortgage-ready. Enjoy  new construction homes, monthly savings vs a mortgage, and an easier purchase process. Plus, there is flexibility to move if you decide the home or area isn't for you.

Your rent for the first year will be outlined in your lease agreement. Pathway will send you notice of any rent increases for years two and three 90 days before the respective renewal date.

If we are unable to make a favorable decision we will email you a notice of Adverse Action which explains the reason for our decision. If your circumstances have changed since our last decision, you are encouraged to reapply 6 months after that decsion.

The homes we purchase will be move-in ready prior to you moving in. All work will be completed by our experienced make-ready team.

We both are. Regular maintenance is your responsibility and while you are renting the home, Pathway is responsible for major maintenance of the home. Once you purchase the home, you are responsible for all maintenance as the homeowner.