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.
Each applicant must have a minimum FICO score of 640. If the FICO score is below 640, then a Co-Signer may be allowed.
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.
Each applicant must show their income individually to be at least 2X 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 third party paystubs (i.e. issued through third party payroll company)
- 3 most recent complete personal bank statements. Note: The name on the bank statements must match the name on the rental application.
Alternatively, an applicant may satisfy the income requirements if they have a bank account with a current balance of at least 10X the annual rent which has been maintained for at least 3 months.
If the income criteria is not satisfied, then a Co-Signer may be allowed.
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 700.
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