Prospective tenant(s) must completely fill out the rental application
Rental History for at least the past 12 months, if not moving from home owned by applicant/s
Bank Account Information
Authorize to run credit check
PRPM may accept and process multiple applications on properties until an application is approved, the lease is signed, and the deposit is received
PRPM charges $45.00 per legal adult applicant and/or co-signer
Our company policy is to thoroughly check references with past landlords and employers as well as credit and/or criminal reports.
Credit Report Qualifications
FICO Credit Score
Single Family Home: > 640
Apartment Home: > 600
Rent - Income Ratio: Gross income must be > 2.5 times the rent.
Proof of Income must be provided and verifiable
Applicants are to provide the most recent two pay stubs from the employer
If applicants are self-employed, applicants must provide most recent two years of federal tax returns
Retired applicants or applicants with government benefits must provide three months of recent bank statements showing monthly direct deposit of payments and the documentation indicating the monthly income (government letter of social security, disability or other income) OR proof of receipt of investment income
Applicants using income from assets must provide the most recent account statement(s) showing at least three times the monthly rent, multiplied by the number of months in the lease term
Applicants with other sources of income (i.e., housing voucher, spousal/child support, or other legal income) must provide documentation illustrating the amount of monthly income.
Applicants may not have any "Open" bankruptcies (a bankruptcy which has not been discharged)
Applicants must have fewer than 3 delinquent payments over the last 12 months