Application Requirements
Ready to apply for a RentSource Corp property? Here's what you will need to qualify...
Credit Score
Your credit score, and those of your co-applicants, needs to be 620 or above. If your credit falls below this minimum, your application could be approved with a double deposit, but is not guaranteed.
(Credit below a 580 will not be considered.)
Application Fee
There is a $50 application fee per applicant 18 years of age and older. This is an application processing fee and is non-refundable.
Income Qualification
The total combined household gross income needs to be at least 2.5x the rent amount.
Co-signers/Guarantors must be able to show 5x the rent amount.
History
- No prior evictions or landlord disputes
- No outstanding utility bills
- No collection accounts
- No bankruptcies
- No outstanding payday loans
- No violent felonies
- No outstanding balances owed to rental companies
Pet/No Pet/Service or Comfort Animal
REQUIRED Application and Screening
PETSCREENING IS A REQUIRED PART OF THE APPLICATION PROCESS FOR ALL APPLICANTS, WHETHER YOU HAVE A PET/ANIMAL OR NOT.
A welcoming environment is paramount to all of our residents with or without pets as well as animals. To help ensure ALL of our residents understand our pet and animal-related policies, we use a third-party screening service that is built into the application process and requires EVERYONE to complete a profile. This process ensures we have formalized pet and animal-related policy acknowledgments and more accurate records to create greater mutual accountability. If you need accommodation in another way, please contact your housing provider.
Documents Required for Application
**If your application is submitted without ALL the proper documentation, it is subject to cancellation**
Drivers license photo or ID (MUST Be Valid)
3 months of most recent pay stubs - provide contact information for direct supervisor or human resources on your application
1 Year most recent Tax Returns
3 years of residential rental history, landlord's name and contact information listed on application
Proof of any extra income that you report on your application (Ex: Child support or alimony will need court documents)
Copy of Section 8 Voucher (or other housing assistance) stating housing size and amount offered
For Self Employed 1099 Applicants:
- Last 2 years of tax returns
- Current profit and loss statement for company and/or owner distribution stubs.
