Conditions that equal higher deposit:
1= $500
2= $1000
3= $1500
4= DENIED
Credit: (co-signer can be used)
- 600+ approved
- 599-550 Conditional 1
- 549-500 Conditional 2
- 500-less Denied
Money owed to utilities/landlord:
- Any money owed to Landlord = DENIED
- Less than $500 owed to utility or cell company = Conditional
- 3 or more non medical collections = Conditional
Income based on gross: (co-signer can be used)
3 xs higher Approved
3-2.5 xs = Conditional 2
Under 2.5 = Denied
Rental history: (co-signer can be used)
- Eviction/collections = denied
- LL will not re-rent = denied
- Notice not given = Conditional
- 3 late rents or more = denied
- 2-3 late rents = 2 Conditional
- 1-2 late rents = 1 Conditional
- No rental history = Denied
- Less than 3 year rental history = 2 Conditional
- Rental history from relative ONLY = Denied
- Rental history including but not limited to relative = 2 Conditional
- Mortgage in good standing may be accepted in lieu of PM/LL reference
Please note: Because applications are processed as a group, if some members of an applicant group meet rental history criteria and others do not, this is 2 Conditional
Pet screening:
Done through pet screening company.
Other denied:
Incomplete or unverifiable information on application
Discrepancies.
Co-signer:
- 4x income
- Credit score of over 600
- No evictions
- No criminal
