What is Qualifying?
Before you start searching for your next home or apartment, you should be prepared. Part of that process is getting prequalified.
You need to know how much rent you can afford per month for rent. You also need to know what we will need from you.
Usually, your rent or mortgage is your largest and most important expense. Our office policy is for it to be no more than 30% of your net income. You can determine what you qualify for by dividing your monthly take home income by 3. (For example, if you make $3,000 per month, your rent should NOT exceed $1,000 per month.)
- You must have verifiable income.
- You will need Rental References
- You must agree to go through a background check
- You must have a Valid Color photo ID that you can upload.
- You must be ready to answer questions about any animal that you have or will be bringing to the property.
You must go through the pre-qualifying process before viewing the property.
When you are completing your application, you will need to be ready to provide verifiable income, reference and have your ID ready. You will be asked to upload these documents and your photo ID into the system in order to complete the process. Each occupant of teh home over the age of 18 must apply. (Do Not leave anything blank on the application).
What is a rent-to-income ratio?
What expenses can I expect other than rent?
(You will have security and or pet deposits to pay for the home as well as the utilities.)
In addition to your monthly rent payments, you may encounter some of these household expenses:
- Electricity
- Gas / Propane
- Water and Sewage
- Trash Disposal
- Internet and/or TV
- Phone
- Groceries
- Health and Beauty Products, Cleaning Products
- Clothing Allowance
- Rental Insurance
- Car expenses - may include payment, gas, oil changes, maintenance, insurance
*Late Fees if rent is paid late
Now that you have seen how to qualify, start your search by following the link below:
Rental Search
