Thank you for your interest in a rental home managed by Home Encounter. We require that all prospective residents meet the following qualifying criteria when completing the rental application:

 

  • Applicant must have a minimum of one-year verifiable rental history. Verifiable rental history for a period of at least 12 months, in which all the lease terms have been satisfactorily fulfilled, is required.
  • Applicant must physically reside in the apartment for which they are applying. Applicant must live in the rental unit and must disclose all persons that will be occupying the unit. All persons under the age of 18 are subject to background checks prior to occupancy. All persons 18 years of age or older must be a leaseholder and qualify for the unit with the applicant.
  • A criminal background check will be completed on all occupants 18 years of age or older.
  • If rental property is a single family dwelling or single unit, landlord reserves the right to ask for a security deposit as required by the property owner.
  • If a prospect is declined based on the criteria listed, landlord reserves the right to take adverse action. This may include denial of the application or the requirement to pay additional deposit or prepaid rent.
  • Occupancy limits have been established by the size of the unit. Maximum number of persons allowed is as follows with no more than three unrelated adults per unit: Studio/Efficiency-no more than 2 persons; One Bedroom-no more than 2 persons; Two Bedroom no more than 4 persons; Three Bedroom-no more than 6 persons.

 

In order to view a rental home you must show a form of identification. Your driver’s license or an alternate second form of identification will be photocopied. Please have identification with you. We do business in accordance with the Federal Fair Housing Law. We do not discriminate against any person because of race, color, religion, sex, national origin, familial status or disability. I have read and understand the above qualifying criteria. Note: False information given on an application will be grounds for rejection of the application.

 

Rent Range

$1600+

$1000-$1599

$0-$999

NA

Identity
Information Verification

 

 

 

 

Decline if applicants identity cannot be verified
using public data base records

Y

Y

Y

Y

If applicant is under 20, ignore identity failure and
continue to process the application

Y

Y

Y

Y

Valid Social Security Number required

Y

Y

Y

Y

General Credit

 

 

 

 

Minimum Score for Approval

650

550

500

N/A

Approved if no credit history found at all (No credit
= good credit)

N

N

Y

Y

Decline if over maximum incidents allowed (excluding
medical and student loans)

3

5

8

N/A

Landlord / Utility
Collections

 

 

 

 

Decline if any essential utility (electric, gas, etc.)
within previous number of years indicated:

4

2

1

N/A

Decline if any landlord collections

7

5

5

2*

 

Outstanding Debt

 

 

 

 

Maximum outstanding past due debt allowed (includes
outstanding collection, trade lines and legal judgments, excludes medical
and/or student loan debt)

$2,500

$5,000

$10,000

N/A

Foreclosures

 

 

 

 

Decline for any foreclosures within previous number of
years indicated:

N/A

N/A

N/A

N/A

Bankruptcy

 

 

 

 

Decline for any bankruptcies within previous number of
years indicated:

1

1

1

1

Decline for any open bankruptcies:

Y

Y

Y

Y

Ignore bankruptcies not granted (dismissed)

Y

Y

Y

Y

Evictions

 

 

 

 

Decline for any evictions within previous number of
years indicated:

7

5

5

2

Rent to Income
Calculation (using Income Info supplied by applicant) 

 

 

 

 

Decline if computed Rent to Income ratio for an
individual applicant is above

33%

33%

33%

40%**

Approve if computed Rent to Income ratio for joint
applicants meets threshold

Y

Y

Y

Y

All joint applicants pass if one applicant can meet
threshold

Y

Y

Y

Y

Combine incomes for joint applicants

Y

Y

Y

Y

Combine incomes for only married joint applicants

N/A

N/A

N/A

N/A

Guarantor/Co-Signer
Information

 

 

 

 

Allow Guarantors–Any adverse result given to an
applicant for a credit test (except eviction or landlord issues) may be approved
with a qualified guarantor. Guarantors not permitted for adverse result due
to income test.

Y

Y

Y

N/A

Decline if Guarantor has a bankruptcy within previous
number of years indicated:

N/A

N/A

N/A

N/A

Decline if Guarantor has a foreclosure within previous
number of years indicated:

N/A

N/A

N/A

N/A

Decline if Guarantor has any legal items within
previous number of years indicated:

N/A

N/A

N/A

N/A

Decline if Guarantor has more than indicated
outstanding past due debt (excluding medical)

$5,000

$10,000

N/A

N/A

Maximum collection accounts allowed (non-zero balance;
excluding medical collections)

3

5

8

N/A

Decline if Guarantor has any essential utility
collections within previous months indicated:

2

1

N/A

N/A

Decline if Guarantor has any landlord collections on
credit report

Y

Y

Y

Y

Decline if Guarantor has no credit history found at
all

Y

Y

Y

Y

Decline if Guarantor has a credit score below

700

650

600

N/A

Criminal Multi-State Database Check (Note: Most laws only allow a property to
consider criminal offenses up to 7 years. You can select to decline any
felonies regardless of when convicted. Consult legal counsel.)

Decline if current Registered Sex Offender:

Y

Y

Y

Y

Decline for any Felonies within previous number
of years indicated:

7

7

5

5

Decline for any Misdemeanors within previous
number of years indicated

5

3

1

1

*If landlord collection
stemmed from a period prior to being on a subsidized housing plan.

­­­­­­­­­­**Including rental subsidy amount, SSI, EBT, etc plus regular wages credited towards total income.