Frequently Asked Questions
about renting or owning your next home
Question: What do you look for on an application?Answer: Our standards for qualifying for a home are simple and fair:
- A favorable rental history
- Stable income that equals three times the monthly house payment
- Good references from previous creditors; loans, store credit card or landlord
I fall short of the guidelines, is there anything else I can do?Applicants with less than favorable credit do have some options. We will better know your options once your application is done, but here are some examples we can do to get you approved:
- paying rent in advance
- doubling the security deposit
- paying with an installment plan
How quickly can I be approved for a new home?Our online application speeds up the process to get you approved in about two business days from receiving of your application.
I’ve seen the home and love it. How can we lock it up so no one else gets it?Our homes go quickly because we rent and offer them for sale. So to hold a home you like, or get first in line for a home coming available, first pay for and complete your application from this page. Next, we have a Deposit to Hold form that allows you to secure the home until your application is done and the paperwork is completed. You simply include the home deposit with your application (see question below for amount). If for some reason we can not get you approved you get the deposit back in full within two business days. You can see the Deposit to Hold form here
How much is the deposit?The deposit amount is always $100 + one months house payment. For example if the house payment is $700 the deposit is $800.
How do you check credit?We do ‘soft pull’ credit check so it does not affect your credit score as much as a hard pull. And yes, we do believe a person’s credit and their actions are indicative of a persons future action. We may still work with a low credit score but it will be deemed a higher risk than someone with great record of paying their debts.
After we are approved, how long before we can move in?As soon as we get you approved we take the home off the market and hold it for you until we prepare and sign the paperwork – usually that takes just a few days.
Forget renting! I want to own my home but the my bank said ‘No’Banks say NO a lot these days. But one thing that hasn’t changed is our trademarked home ownership program. For 21 years we have helped My-credit-is-horrible! situations. Whether you’re just starting out or starting over, we offer flexible financing so you don’t need a bank loan or perfect credit because we help you build equity, credit and the confidence that you can do it.
Get the details about our award-winning home ownership program.
I don’t see a home that’s right for me on your website – should I still apply?Absolutely. Even if you did NOT see the perfect home listed right now we have homes that are not yet listed and when you get pre-approved you get VIP status which puts you to the front of the line for our new homes … so you get first pick of the homes. And you get a free membership to home-finder program called Homes Hotlist (a $79 value ).
I’ve not heard of you, what can I expect when I do business with your company?I know how you feel and others have felt the same way. Here’s what you can expect if you become a client: Honesty, Integrity, Fairness, and the willingness to work with folks who want a better future; something better for themselves and their families. See our 21 year A+ business rating with the Better Business Bureau and more here
I may want to own it but my credit is not the best. Any suggestions?We have flexible financing program so you do not need a bank loan or perfect credit. Get the details about our home ownership program here
How do I get notified of new home listings?Once you submit an application you will automatically receive a membership to our home locator service called Homes Hotlist absolutely free (a $79 value). Then you’ll receive new unreleased home listings (pocket listings) that are only available to members of Homes Hotlist.
What if the home I am applying for is gone by the time I get approved?If the home is still listed in Fort Wayne Listings it is still available so you are safe to apply for it. However if two applications come in at the same time you can get a refund if the home is gone.
I don’t have Paypal or a credit card, now what?To keep your house payments low applications are not processed without app fees. While it is faster and easier to apply online if you can not pay online you can download the application, print it and fill it out, and then drop it off to us. Start by downloading our paper application here
Our application requires a PDF viewer like Adobe Acrobat. You probably already have it installed. If not, download Acrobat free here After you complete your application(s) mail it or deliver it to our PAK MAIL drop box at: 6435 West Jefferson Blvd. #200 Fort Wayne, Indiana 46804-6203 (map) For a look at our Fort Wayne PAC MAIL entrance click here