Available From

NOW

Minimum Duration

12 Months

Utilities Included

None

HOA

No

Pet Policy

No Pets Allowed

Rental Requirements

APPLICATION REQUIREMENTS All occupants over 18 must submit an application. A valid submission includes: Fully completed application which requires that the applicant has toured the home All required documents uploaded All co-applicants have applied PROCESSING: Fully complete applications are processed on a first-come basis. The first qualifying applicant will be approved. Incomplete applications will not hold priority. CHECKLIST OF REQUIRED DOCUMENTS NON-HOUSING ASSISTANCE: 5 years of rental history with contact information filled out on the application. Uploaded picture or PDF copy of photo ID. Verifiable income documentation If Employed (Provide all the following): Four (4) most recent bank statements showing clear deposits. Four (4) most recent pay stubs (or 2 months equivalent) Proof of social security, disability, government payments, retirement, student loans, child/spousal support, or rental subsidies (if applicable) If Independent Contractor (Provide all the following): 1099 2 years of most recent tax returns Six (6) most recent bank statements showing clear deposits. Proof of social security, disability, government payments, retirement, student loans, child/spousal support, or rental subsidies (if applicable) If Self-employed (Provide all the following): Business License Profit & Loss Statement Most recent Tax Return ○ Include both S-Corp (1120-S) and most recent Personal Income Tax Return. Six (6) months of most recent business bank statements Proof of social security, disability, government payments, retirement, student loans, child/spousal support, or rental subsidies (if applicable) All co-applicant applications with all their items above uploaded. Pet photo (if applicable) HOUSING ASSISTANCE REQUIRED DOCUMENTS: 5 years of rental history with contact information filled out on the application. Uploaded picture or PDF copy of photo ID. Verifiable income documentation (Could include any of the following) Four (4) most recent pay stubs (or 2 months equivalent) and/or Proof of social security, disability, government payments, retirement, student loans, child/spousal support, or rental subsidies, and Four (4) most recent bank statements showing clear deposits RFTA or RUA packet including F sheet (if applicable). Housing Assistance recipients must provide three different bill payment histories (utilities, car, phone) for the past 12 months. Housing Assistance recipients on an escalating rent payment program must provide their Financial Plan. All co-applicant applications with all their items above uploaded Pet photo (if applicable) GOVERNMENT VOUCHER REQUIREMENTS (SB-267): Applicants under HUD jurisdiction do not undergo a credit history check. QUALIFICATION REQUIREMENTS (GOVERNMENT VOUCHER): Income: 3x your portion of rent Proof of ability to pay: 2 years of on-time rental payments with a positive reference Three different bill payment histories (utilities, car, phone, etc.) for 12 months 4 months of bank statements & income documentation No evictions Negative rental history or 3+ late utility payments in 12 months = denial A debt-to-income, or DTI, the ratio is derived by dividing your monthly debt payments by your monthly gross income. The ratio is expressed as a percentage, and we use it to determine how well you manage monthly debts -- and if you can afford for the rental you are applying for. To calculate your debt-to-income ratio, add up all of your monthly debts – rent payments, student loans, personal loans, auto loans, credit card payments, child support, alimony, etc. – and divide the sum by your monthly income. For example, if your monthly debt equals $2,500 and your gross monthly income is $7,000, your DTI ratio is about 36 percent. (2,500/7,000=0.357). THE POINT SYSTEM FOR APPROVAL: We use the point system below so that each applicant has the exact same standards applied to their application. 1. Credit Score (FICO) FICO CREDIT SCORE BELOW 520 = AUTO DENIAL For a credit score of N/A, a default score of 600 is used. <599 = 0 points 600 - 649 = 1 point 650 - 699 = 2 points 700+ = 3 points 2. Gross Monthly Income (Combined income for all applicants applying) 2 times the monthly rent or less = 0 points 2.0 - 2.49 times the monthly rent = 1 point 2.5 - 2.99 times the monthly rent = 2 points 3 times the monthly rent or more = 3 points 3. Debt to Income Ratio (Combined income for all applicants applying) DTI greater than 57% = AUTO DENIAL 50-57% = 0 points 46 - 49% = 1 point 41 - 45% = 2 points Less than 41% = 3 points 4. Payment History from Credit Report *COLLECTION FOR CASH ADVANCE OR PRIOR RENTAL IS AUTO DENIAL* *BANKRUPTCY: DEDUCT 1 POINT FROM THE OVERALL SCORE.* 3+ Negative = 0 points 2 Negative = 1 point 1 Negative = 2 points All+ , N/A, or only negative Med/Ed = 3 points 5. Length of Last 5 years of residency at current *LIVING WITH FAMILY WILL EQUAL A TOTAL SCORE OF 1 POINT* *BREAKING OF LEASE WILL CAUSE DEDUCTING 1 POINT* 12 months or less = 0 points 13-24 months = 1 point 25 – 48 months = 2 points 49+ months = 3 points * Living with family = 1PT* 6. Late Rent or Mortgage in last 2 years *EVICTION ON RECORD IS AN AUTO DENIAL* *LIVING WITH FAMILY = 1PT* 3 or more late payments = 0 points 2 late payments = 1 point 1 late payment = 2 points 0 late payments = 3 points Total score for all applicants are added together and divided by the number of applicants. 13+ points = approved 12 points = approved with the condition of requiring a co-signer 11-0 points = not qualified