➡️➡️Pre-Application Checklist
Application Requirements
$90,000+ STRONG CANDIDATES
No pending evictions, evictions filings, or apartment collections.
Minimum TransUnion average credit score of 580+ or higher.
Chapter 7 bankruptcies must be discharged before applying. Will consider closed, adjusted, and discharged. Home Partners will consider a Chapter 13 bankruptcy if the applicant can supply a court approved payment plan and status is current.
No felonies in last 6 years. (violent crimes, sexual offenses, or drug distribution)
Everyone 18+ of age that lives/resides in home must be on application. (Even if income is not being considered for income verification.) Includes adult children and family members.
Everyone must have a social security number or taxable ID.
3 Pet limit restriction. no breed restrictions. $300/animal security deposit. $30/month pet fee/not per pet.
Income verification is required for all applicants being considered for rental amount.
Income verification can be in forms of: last 2 most recent pay stubs, W2 form, copy of last years tax return, job offer letter, profit & loss statements if self employed.
After submitting full application resident is provided a pre-determined maximum rent, which aligns with a 35 percent payment-to-income ratio and a 45 percent debt-to-income ratio.
Auxiliary income include but not limited to:
Child support, alimony, disability, social security, or retirement income.
These can be verifiable by an award letter or court documents.
Asset verification:
Must be able to demonstrate having readily available funds at least 2 times of the rental approval that resident is seeking.
Verification should be in form of checking/savings account statement no older than 30 days.
Retirement and non liquid accounts will not be considered as apart of income verification.
Communities No Longer Approved: Maple Grove, Minneapolis, South St. Paul, Farmington, Fridley, Anoka, Blaine, Coon Rapids, Bloomington, & Spring Lake Park.
Income Verification Criteria
Property Qualification Criteria
Town Home Guidelines
Pet/Air Filter/Utility Fee
Right To Purchase FAQ
Ineligible HOA's
Typically takes on average 60-75 days to move into home selected once we go under contract.
APPLY TODAY!!