525 FEDERAL – RENTAL CRITERIA AND INSTRUCTIONS TO APPLY
EMPLOYMENT HISTORY/INCOME:
For verification consideration you must bring a copy of your 2 most recent paystubs, and/or copies of government, pension, or valid program funding. If self-employed, you must provide signed copies of the last two years’ tax returns and the last 3 months’ bank statements.
• History of acceptable level of income must cover the previous 24 months.
• Rent to income ratio: 3.5 to 1*
CREDIT REQUIREMENTS:
Your credit screening will be done by the Rental Housing Association of WA. If your application is not approved, you are entitled to contact the provider of the report for a free copy. They may be contacted at:
TransUnion Consumer Relations, 2 Baldwin Place,
PO Box 1000, Chester, PA 19022. Phone: 1-800-888-4213.
www.transunion.com/myoptions
We require a positive credit history with:
• No more than 2 delinquent payments over the last 24 months.
• No accounts in collection
• No non-discharged bankruptcies
• No money owing to a previous landlord
• A minimum credit score of 710
• At least 2 active accounts being rated to establish history.
LANDLORD REFERENCES:
Each rental applicant must be able to demonstrate a pattern of meeting their rental obligations, leaving prior rental properties in good condition and not having a pattern of complaints from neighbors.
Applicants can have no prior evictions, and must have verifiable references for positive rental or mortgage history over the last 24 months. Please note that you must provide contact information for the previous landlord and that the previous landlord must take or return our screening calls within 72 hours of application submission or we will move onto the next application.
INSTRUCTIONS TO APPLY:
Each person 18 and older who will be residing in the home must submit the following:
• Application filled out completely and truthfully. (If applying remotely, signature on the application must be notarized.)
• $45 screening fee.
• Copy of current state or government identification.
• Verification of income such as check stub for the past two pay periods, SSI / disability papers, child support papers, etc. If self-employed, provide last year’s tax returns and 3 months of current bank statements.
