Looking for Rent To Own Homes in MN?
We have the most Rent To Own in MN homes than any other real estate service in Minnesota! Rent To Own programs that we work with are flexible and allow you to rent a home now and buy later! You can choose from any of the available homes for sale in MN as long as they are within the approved community!
Unlike many rent to own or lease to own programs, there is no obligation to buy the home you rent and no non-refundable option fees or down payments to worry about unless you decide to commit to a house you love!
If you are just looking to rent a home in MN and are not thinking of buying, don’t worry – we can still help you find a perfect rental for you! We have tons of single family, town homes, and twin homes available for rent in MN to choose from.
Ready to start looking? Contact Us today!
If you are looking to buy a home in MN and thought that rent to own might be your only option – you might want to talk to one of our real estate agents!
We constantly receive phone calls from people looking for rent to own homes that don’t even know that they qualify for first time home buyer programs and can buy a house without having to come up with creative ways of securing a property!
Ready to find out what you can qualify for? Contact Us today, don’t wait!
Are you thinking of selling a home and renting a home instead? Or do you just want to sell your home in MN and move to another home but afraid you won’t qualify for home financing? If so, you are in the right place! We can help you sell your home and help you find a home on rent to own, contract for deed, or lease with option to buy terms!
Want to see what we can do for you? Contact Us today, don’t wait!
How Does Rent To Own Program Work?
Choosing to lease with a Right to Purchase in Minnesota is an excellent opportunity for prospective homeowners. However, buyers don’t often explore this option, because they don’t have all the details about the process. Here is a breakdown of how to rent to own in Minnesota!
How Does Rent To Own Program Work?
Choosing to lease with a Right to Purchase in Minnesota is an excellent opportunity for prospective homeowners. However, buyers don’t often explore this option, because they don’t have all the details about the process. Here is a breakdown of how to rent to own in Minnesota!
APPLY for Approval
The Minnesota rent to own process begins with a prequalification application. This application checks key issues, and helps Home Partners get to know your situation. Once you have been approved, you can submit a full application, which includes a full credit and background check. Following the approval of the full application, Home Partners will work with you to outline the maximum monthly rent of the home for which you qualify!
APPLY for Approval
The Minnesota rent to own process begins with a prequalification application. This application checks key issues, and helps Home Partners get to know your situation. Once you have been approved, you can submit a full application, which includes a full credit and background check. Following the approval of the full application, Home Partners will work with you to outline the maximum monthly rent of the home for which you qualify!
Find a Qualified Home
The Antonov Group can help you find a Minnesota lease with right to purchase home in one of a many approved communities. Once your agent helps you settle on the perfect property, Home Partners will attempt to purchase the home. In order to make an offer, Home Partners needs to ensure that the home passes inspection, settle on an appropriate purchase price, have an attorney review the purchase agreement and satisfy other closing conditions.
Find a Qualified Home
The Antonov Group can help you find a Minnesota lease with right to purchase home in one of a many approved communities. Once your agent helps you settle on the perfect property, Home Partners will attempt to purchase the home. In order to make an offer, Home Partners needs to ensure that the home passes inspection, settle on an appropriate purchase price, have an attorney review the purchase agreement and satisfy other closing conditions.
Home Partners Buys the Home, You Lease the Home!
Your initial lease term is one year, and will renew annually. Every year, you will have the right to terminate the lease, and if you have met the requirements of the Lease and the Right to Purchase Agreement (keep the home clean, pay on time, etc.), your full security deposit will be returned. If you find yourself in the home of your dreams, you can purchase your Minnesota rent to own home at any time.
Home Partners Buys the Home, You Lease the Home!
Your initial lease term is one year, and will renew annually. Every year, you will have the right to terminate the lease, and if you have met the requirements of the Lease and the Right to Purchase Agreement (keep the home clean, pay on time, etc.), your full security deposit will be returned. If you find yourself in the home of your dreams, you can purchase your Minnesota rent to own home at any time.
Sign the Right to Purchase Agreement at the Same Time as the Lease
This agreement will be in effect for the duration of the lease. It gives you the right to buy the home from Home Partners at a predefined price, and your monthly rent will never increase more than 3.75% from the previous years monthly rate. Essentially, Home Partners will buy the home and combine the cost of the property, the closing costs and the make-ready/repair costs, and produce a fair, round number for your Total Cost. Every year, the Total Cost of your home will be adjusted anywhere from 3.5-5% to reflect the current market price and inflation.
Sign the Right to Purchase Agreement at the Same Time as the Lease
This agreement will be in effect for the duration of the lease. It gives you the right to buy the home from Home Partners at a predefined price, and your monthly rent will never increase more than 3.75% from the previous years monthly rate. Essentially, Home Partners will buy the home and combine the cost of the property, the closing costs and the make-ready/repair costs, and produce a fair, round number for your Total Cost. Every year, the Total Cost of your home will be adjusted anywhere from 3.5-5% to reflect the current market price and inflation.
Decide if the Home is the Right Fit for You
Most states allow you to rent a home for up to 5 years. Over the course of this time, you can get a feel for the home, neighborhood, local schools and neighbors, and if you love it, you have the right to purchase! Home Partners will never sell a home out from under you as long as you are in compliance with the Lease and Right to Purchase Agreement, which means that you have a guaranteed lease for up to 5 years and first dibs should you decide to make the home your own!
Decide if the Home is the Right Fit for You
Most states allow you to rent a home for up to 5 years. Over the course of this time, you can get a feel for the home, neighborhood, local schools and neighbors, and if you love it, you have the right to purchase! Home Partners will never sell a home out from under you as long as you are in compliance with the Lease and Right to Purchase Agreement, which means that you have a guaranteed lease for up to 5 years and first dibs should you decide to make the home your own!
Help us get you qualified quicker!
Enter your information HERE and take one step closer to become a home owner with our great rent to own program.
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START HERE: Minnesota Rent To Own Program
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Bad or NO Credit? We Can Still Help You Find Rent to Own Homes in Minnesota!
Rent To Own Inquiry
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Single Family Homes in MN
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Townhomes in MN
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Twin Homes in MN
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If you’re excited to live in a state with all four seasons and more shoreline than California, but aren’t ready to buy, then a Minnesota rent to own home could be for you! There are so many amazing cities, neighborhood, school districts and amenities throughout the state, and a lease with a right to purchase home in Minnesota allows you to test out your perfect potential area before committing to just one. However, unlike a traditional lease, when you lease with a right to purchase in Minnesota through Home Partners of America, you’re able to purchase the home at any time!
What’s so great about Minnesota?
We’re glad you asked! Ask almost anyone in America about Minnesota, and they’ll give you a vague description of friendly people, moose and a whole lot of snow. However, Minnesotans know the truth: rent to own homes in Minnesota are a ticket to one of the most interesting and satisfied states in the country! Our state boasts:
- The birthplace of major companies like Target and Target Corp
- Many of the country’s best concert venues, comedy clubs and museums
- More than 200 colleges and universities, 30 of which made US New and World Report’s annual list of Best Colleges
- Lots of green cities with city-wide bike trails and green spaces, like Minneapolis, St. Paul, Rochester, Duluth, St. Cloud and more
- All the amenities of an urban area with Midwestern affordability, safety and friendliness
- A #1 spot on CNBC’s list of Best Small and Medium Sized Cities in 2016
- Studies that show a high resident retention rate- once newcomers move here, they stay for life because they love it so much
- The largest 12-day event in America, the Minnesota State Fair
- The highest voter turnout in the country
- More than 11,000 lakes that are 10 acres or more
- A high school graduation rate that is significantly higher than the national average
- Mayo Clinic, which is renowned internationally for its innovative and expert patient care
- Hundreds of beautiful rent to own homes in MN to choose from!
But why would I rent to own homes in MN?
People from all walks of life may benefit from a rent to own home in Minnesota. You could be ready to experience single-family home living but aren’t prepared to buy, or moving to a new area and don’t want to settle permanently in one place. Maybe you’re eager to buy, but haven’t saved as much as you’d like for your down payment, or you’re only interested in renting, but find that the current rental market leaves a lot to be desired.
Flexible programs with no obligations to buy!
When you lease with a right to purchase a home in Minnesota, there is no obligation to buy the home at the end of your lease. You simply have the RIGHT to buy the home, should you so choose.
Simple and Transparent Process
- APPLY to our program to see if rent to own homes in MN are a good fit for you.
- Work with an agent, such as one of the experts at The Antonov Group, to find a home in one of Home Partners many approved areas.
- Home Partners purchases the home and leases it to you for up to 5 years, with the lease renewing on an annual basis. At any time throughout the lease, you have a right to purchase your home at a price that is determined at the time that Home Partners purchases the home. Should you decide that the home isn’t for you, you can walk away with no penalty or obligation.
There are so many paths to homeownership, and if leasing with a right to purchase in a Minnesota sounds like the right choice for you, The Antonov Group is excited to help you start your journey! Learn more about How Does Rent To Own Work?
Less than perfect credit score is OK!
If you are someone who is thinking of buying a home but are not sure if you are ready yet and want to rent a home instead, or if you are someone who wants to buy a home now but doesn’t qualify for a mortgage, then rent to own or a lease with option to buy might be a perfect choice for you! Let us know what your needs are and lets see what we can do for you!
RENT TO OWN TIPS
Are You Required To Buy The House In A Rent To Own Home Contract? – MN Rent To Own Program
A really common question and concern from people looking at renting to own a MN house is “are you required to buy the house in a rent to own home contract ?” at the end of the rental term.
Are MN Rent-to-Own Homes a Scam?
If you’ve spent time driving around MN or browsing Craigslist or other sites, you may have seen advertisements that read, “Own a home for $500/month. No credit check!”
How Do Rent To Own Homes Work In MN?
One of the first questions we get from potential tenant buyers of our local MN rent to own homes / lease option homes is “how do rent to own homes work in MN?”
See what our clients have to say about their experience buying and selling their house with the The Antonov Group.
Herman, Olga and Mark all did a wonderful job in helping us find the right house in the right location. We had a rather unique situation where we ran all 3 of them through the gamut over a 7 month period. They were all kind, patient and very accommodating.
Mark and Julie
I had no idea that working with a realtor could be such an easy – and even fun – process! Simple put, Antonov is the Best of the Best! He’s not only knowledgeable, but he’s straightforward, honest, creative, well-connected and he’s a real advocate for his clients!
Jessica and Brad
I would recommend Herman to help buy or sell your home! He went above and beyond to help us find our special place and it gas been a long process but Herman worked so hard for us!! If you want a realtor who will bend over backwards for you and work night and day, use Hernan to get the job done with 100% satisfaction!!
Dan and Sue
Reviews on Zillow
“Herman really goes out of his way to make sure his client’s experience is the best. We worked together on a couple deals in the investment side of … more “
5.0/5.0
“I was very impressed with Herman Antonov! He went above and beyond to help me find the right house and walked me through every step of the closing … more “
5.0/5.0
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