Accepting Applications beginning August 1st..
Get Started NOW!
Click below to pre-qualify for free. Application fee of $75-$99 per household applies for full application
Once pre-qualified, call 502-435-2784 for discount on application code!
You will need my email address for your application: info@infinitehomesrealty.com
Qualifications
· 580 Credit Score
· 12 month's of on time rental payments
· Annual income of at least $45,000
· 2 Month's rent as down payment
· No evictions within 3 yrs
· No active bankruptcy or discharges
· Currently employed with verifiable income
· Debt-to-Income ratio less than 50%
· Proof of Funds (Bank Statement, 401K statement etc.)
· Current Paystubs or offer letter if an employee
· 2 Yrs of Current Tax Returns if self-employed
F.A.Q
How can I view a home?
You cannot view homes until fully approved. Your agent/showing assistant will then schedule tours.
What is the Lease with a Right to Purchase Program?
Our Lease with a Right to Purchase Program (the “RTP Program”) allows you to sign a lease annually for up to three years, this lease gives you the option to purchase the home from us at any time at a predetermined price in accordance with the Right to Purchase agreement.
Who is eligible?
Your household must have an annual income of $45,000. 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.
What does the application process look like?
Every member of your household 18 years+ must complete the Application. The Full Application requires residence & employment history for each adult. You also must provide income verification for each adult whose income is to be considered in determining the rent approval amount. 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, 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 make a decision on your application within 1 to 3 business days of receiving all required information.
How long does it take from when I select a home to when I move in?
On average, it takes approximately five to six weeks. 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.
How much will my deposit be?
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.
Do you have any homes for rent only?
Not at this time, however; the purchase is an option in the lease agreement. Purchase is not required you are welcome to rent the home for up to 3 years without purchase.
Do you accept Section 8
Not at this time.
Are the monthly rent payments that I make applied to the purchase price of the home?
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.
Can I have pets in the home?
Cats and Dogs: You are allowed up to three cats or dogs with a max weight limit of 180 pounds total. We allow all dog breeds, however, certain dog breeds may be restricted by local regulations and Homeowner’s Association rules.
Birds: Domestic birds are permitted.
Reptiles/Amphibians/Fish: Aquariums are limited to 20 gallons.
Farm/Livestock: All livestock and farm animal pets such as pigs, horses, chickens, and goats are not permitted.
ALL exotic, venomous, and verminous pets are not permitted.
Other: The list of other restricted animals includes but is not limited to: pigeons, rabbits, chinchillas, skunks, raccoons, and monkeys.