- Must have a minimum credit score of 620. We pull the TransUnion score ( everyone that will be listed on the application must have a credit score of 620 or higher in order to count their income)
- Minimum gross income of $50,000 ( can be combined with spouse and or roommates )
- All income sources must be verifiable through one or more of the below document types:
- Traditional Employment (Hourly, Salaried, or Commissioned)
- -2 most recent pay stubs, or
- -Most recent W2.
- If relocating, offer letter or transfer letter on official letterhead that lists income and start date.
- Self Employment/Contract Employment
- Most recent tax return, or
- Most recent 1099, or
- 2 most recent personal bank statements, or
- 2 most recent corporate bank account statements and most recent K-1 showing percentage ownership.
* Please note that if the household is relocating and business is location-based, we require bank statements that support that the business has been operating for at least two months in the household’s state of interest listed on the application.
- Government/Auxiliary Income
- Disbursement or award letter from the current year showing a monthly amount or statement. Examples include social security, SSI, VA, adoption assistance, and annuity income.
- Child Support/Alimony
- Court documents awarding the support and verification that the support has been paid on time for the last 2 months.
- Foster Parenting
- Letter of verification from organization(s) providing the income.
- Military
- Most recent pay stub; transfer letters are not necessary.
- Rental Income
- Most recent tax return, documentation of one year signed lease, and verification that the rent has been paid on time for
the last two months.
- Most recent tax return, documentation of one year signed lease, and verification that the rent has been paid on time for
- Trust Accounts
- Documentation of terms of trust and the most recent 2 months of bank statements.
- Savings Account or Year Upfront
- In lieu of documented, verified income that indicates a household income of $50,000 or higher, we can accept the last
three months of bank statements. These are required to show a minimum average ending balance of three times the total
rent due for the entire lease term plus security deposit. - In lieu of documented, verified income that indicates a household income of $50,000 or higher, as well as the Savings
Account requirement as described above, we will accept 12 months of rent paid in advance plus security deposit.
- In lieu of documented, verified income that indicates a household income of $50,000 or higher, we can accept the last