Rental History:
Each applicant must provide 12 months of residential history, including landlord contact information.
Applicants with negative rental history, evictions, judgments, and/or foreclosures will be denied without the option for a Co-Signer.
Credit:
Each applicant must have a minimum FICO score of 680. If the FICO score is below 680, then a Co-Signer may be allowed.
Criminal Background:
Each applicant must agree to a background and criminal history screening.
Applicants who have been convicted with a serious criminal offense, such as domestic violence, assault, possesion of illegal firearms or narcotics, fraud, roberry, theft, burglary, breaking and entering, will be denied without the option for a Co-Signer.
Income:
Each applicant must show their income individually to be at least 3X the monthly rent. If income is generated from employment, then applicant must be employed for at least 3 months (subject to employment verification). Only the following forms of employment income verification are acceptable:
- 2 most recent paystubs
- 2 most recent tax returns
- 2 recent personal bank statements.
Note: The name on the bank statements must match the name on the rental application.
If the income criteria is not satisfied, then a Co-Signer may be allowed (on approved credit).
Co-Signer:
A Co-Signer will only be allowed if the applicant has satisfied the rental history criteria. A Co-Signer must meet BOTH of the following credit and income criteria.
Co-Signer Credit: A Co-Signer must have minimum FICO score of 720.
Co-Signer Income: A Co-Signer must show their income to be at least 5X the monthly rent. If income is generated from employment, then Co-Signer must be employed for at least 3 months (subject to employment verification). If the rented premises will be the permanent residence of the Co-Signer, then Co-Signer may satisfy the income requirement with the standard tenant income requirement