Pasadena Apt: On-Site Laundry & Qualification

Position: Pasadena Apt: On-Site Laundry & Flexible Qualification

Deposit: $2095 (1 month’s rent unless otherwise stated.) ▶️ coin or app-paid laundry on-site

Deposit = 1 month’s rent unless otherwise stated.

We cannot rent to any person with credit less than 650, unless either of the conditions below are true. If the owner has specified a higher score, they will not usually accept any lower. We use Experian.

UNLESS You have a subsidized housing program, such as Section 8.
** OR
** You are new to the country or just building your credit. 3 Years' Rental History (preferred) 3 Years' Work History (preferred) FINANCIAL REQUIREMENT:
Income OR Savings INCOME Combined Gross Income: at least 3x the rent. With a government subsidy program, such as Section 8:

If your voucher does not cover the entire rent, your gross income must be at least 3x YOUR PORTION of the rent.

** OR
** SAVINGS At least 12x the rent.

All roommates combined. Ending balance for the last 3 months must be at least 12x the rent. For each account, submit the last 3 statements.

With a government subsidy program, such as Section 8:

12x YOUR PORTION of the rent, if your voucher does not cover the entire rent.

Owner-Paid Utilities:
Community Features:

We don't collect the application fee or run your credit until
* after* you've viewed & selected a unit.

* Subsidized Housing: credit score & some other requirements may be different
* no cosigners
* no evictions
* we do thorough credit & background checks
* Because of a change in California Law, background checks take up to 5 business days. BUDGET based on your monthly net income (last 3 paystubs)

• Enter COMBINED TOTAL MONTHLY NET INCOME for all adults with income
  
  * Each adult must submit last 3 paystubs
  
  * Any adult who works 2+ jobs – submit last 3 paystubs for EACH job
• Enter REQUIREMENT for the # of adults with income – see below

REQUIREMENT:

• for 1 adult with income, enter 2.5
• for 2 adults with income, enter 3.5
• for 3 adults with income, enter 4.5, and so on.

APPROXIMATE MONTHLY BUDGET

$

BUDGET based on your monthly ending balance (last 3 statements)

• COMBINED TOTAL SAVINGS – all adults, all accounts – LOWEST MONTH
  
  * Each adult must submit 3 bank statements
  
  * Any adult with 2+ accounts – submit last 3 statements for EACH account
  
  * Add together to get your combined total savings for each of the last 3 months
  
  ** Enter the LOWEST balance of the LOWEST of the last 3 months
• Your budget = lowest ending balance / 5

ENDING BANK ACCOUNT BALANCE (lowest of the last 3 months)

Amount You're Qualified For @ 9
* rent

$

Amount You're Qualified For @ 12x the Rent

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