Below, please find our in-depth process for screening and qualifying Tenants and what is expected from the applicants.
APPLYING: We do not charge an application fee. Applying is FREE! Applicants can apply online at: https://www.sunsetspm.com/apply and fill it out carefully with as much information as possible.
Some things to note:
❖ We do verify the applicant’s current rental history & employment information provided in the application.
❖ Every person planning on living in the home over the age of 18 must also fill out an application and complete a credit/background check and provide income verification.
❖ If cosigners are allowed for a certain property they will need to also fill out an application and go through this same process as well. We prefer not to accept co-signers.
INCOME & CREDIT QUALIFICATIONS: All Tenants must earn at least three times the rental rent (combined income). These are the forms of income we accept:
❖ We do not accept co-signers.
❖ Liquid assets (cash in the bank).
❖ Income and assistance vouchers (Section 8 & others).
❖ School financial aid, loans, and BAH.
❖ Debt to income ratio below 32%.
❖ Prospective Tenant(s) must earn a minimum gross income of 3 times the rent in a combined total.
❖ Must have a good credit score/history with a FICO score greater than 700.
❖ A credit check is required and is done through TransUnion. (They charge $30 per application. We receive no funds from this, the fee goes directly to Transunion.)
PROOF OF INCOME: The types of documents you can use are good CLEAR digital photos and/or PDF files or scanned photos of any one of these:
❖ Two most recent pay stubs from the applicant’s job or Military LES statements.
❖ Letter from HR stating how much the applicant will be making.
❖ Last 3 months of bank statements showing deposits made.
❖ If the applicant is a student they may also send in scanned documentation from financial aid, school grants, or loans showing how much they will be receiving.
❖ Section 8 & other housing vouchers are accepted as a form of income, however, the applicant’s income qualifications remain 3 times the rental rate including Section 8 vouchers.