Rental Qualifications

Application

Please review the rental criteria below before completing your application. Please be aware that ResiHome receives multiple applications per property. As a result, all applications are processed on a first-come, first-serve basis. ResiHome only reviews and considers completed applications. Applying to lease a property from ResiHome does not guarantee approval or create a binding lease agreement for the home. Approved applications will only be valid for 30 days from the approval date.*

Application Terms

Primary Applicant / Co-Applicant: All individuals aged 18 and over who are financially responsible for making lease payments and will sign the lease agreement and uphold the lease obligations. The applicant who starts the application process is referred to as the “Primary Applicant.” All others with similar responsibilities are referred to as “Co-Applicants.”

A Completed Application*

A filled out and submitted application via the secure ResiHome application at findings.com, including all individuals 18 years or older who will be occupying the home. All sections of the application must be completed for the application to be processed. This includes all required documents under the employment/income verification section below.
A clear and legible copy of a valid & up-to-date government-issued photo I.D. document must be uploaded in pdf, jpg, jpeg, or png format. Acceptable forms of I.D. include:
- State-issued driver’s license
- State-issued identification card
- U.S. Passport or Passport Card
- U.S. Permanent Resident Card
- Valid foreign passport (must provide a valid work visa issued by the U.S.)
Payment of all necessary fees (see “Fees” section below); and
Completion and passing of criminal, rental, and credit history background checks**

Please allow 24 to 72 hours for your application to be processed. If an application is submitted during the weekend or a holiday, that application will be processed the following business day. If you need to call back with more information regarding your application, please do so within this time frame.

Please remember to stay safe on the web and avoid rental fraud. Our rental applications can only be submitted through our secure online portal at findigs.com.

ResiHome reserves the right to request additional documentation at any time during the screening process to validate applicant(s) disclosed qualification requirements. By signing and submitting an application via the ResiHome website, the applicant consents to such additional documentation requests, which may be necessary to review and validate applicant qualifications.

* Housing Choice vouchers may be accepted based on property and location. Homes will not be secured and taken off-market until RTA (Request for Tenancy Approval) form has been received and approved, and Holding Fee paid. All housing requirements must be completed within 30 days of the holding fee being paid .

** All applications are reviewed following established screening criteria and using services of TransUnion, a third-party screening provider, for credit and criminal background checks. TransUnion Dispute Department is located at P.O. Box 2000, Chester, PA 19016 and can be reached by visiting www.transunion.com or calling 888-710-0270.

Application Denial

Failure to provide all required documentation will result in a denied application and the forfeiture of all fees paid to reserve the home. Any determination of falsification of an application is grounds for immediate and automatic denial, as well as forfeiture of all fees paid to reserve the home and will deny the right of future occupancy.

Applicant(s) that reflect rental housing related Civil Judgments and/or Forcible Entry Detainer Judgments (Evictions) within 3 years of the application date are automatically declined.

Important Application Reminders

1. There may be multiple applications in progress on the home you are applying for. If your application is approved, the next step will be to pay the $500 holding fee (part of your security deposit). The holding fee is what reserves the home and takes it off the market, not your application. So don't wait! Make sure you complete your application in its entirety with all required documents to expedite the process to pay your holding fee and reserve your desired home!
2. Your application fee is non-refundable.
3. Please allow 24-72 hours for processing of completed applications. If all documents are not submitted this could delay the processing time of your application.
4. Your home of interest likely includes additional fees in addition to the rent payment. Please make sure you have discussed these fees with your leasing agent to make the right decision for you.
5. A 12-month lease term or greater is required.
6. If your application is approved on an available home, you must pay the holding fee, sign your lease, and move in within 14 days of your application approval date. Please note this 14-day period may not apply to a home in pre-leasing status.

Occupancy Limits

The allowable occupancy cannot exceed two persons per bedroom plus one additional person per home unless dictated by local, state, or federal law.

Number of Bedrooms:	Occupancy Standard:
One Bedroom	Three Persons
Two Bedrooms	Five Persons
Three Bedrooms	Seven Persons
Four Bedrooms	Nine Persons
Five Bedrooms	Eleven Persons

Income

Applicants must have a minimum combined, verifiable net income of 2.3 times* the monthly rent amount. All applicants must provide their previous month’s pay statements/stubs and the prior three (3) months’ personal bank statements. Additional income documentation may be requested for verification purposes. All income documentation must be uploaded in pdf form.

Employment will be independently verified during the screening process. Any delayed response to the employment verification request may result in a delay or declination of the application approval.

See below for more information on the income verification requirements based on employment status:

Employment Status:	Employee Verification Requirements:
Currently Employed	Pay stubs for the last 30 days (Weekly pay period = 4 paystubs, Bi-Weekly = 2 paystubs, Monthly = 1 paystub), AND 3-months worth of bank statements showing proof of deposit(s). Applicants who have been with their current employer for fewer than 30 days shall provide all paystubs received with proof of deposit(s) AND an Employment Verification Letter confirming the date of employment and the terms of compensation.
Future Employment (starting a new job)	Offer letters on their own will not be accepted as proof of verifiable income. Applicant(s) must provide an offer letter with at least one (1) corresponding paystub with proof of deposit and at least three (3) months of bank statements. See alternate option for "Using Assets Only" below.
Self-Employed	Business must have been in operation for at least 90 days prior to the application date. Three months of most recent bank statements AND a copy of the business license evidencing ownership.
Retired	Current statement showing pension, IRA, or any other supporting retirement income from the issuing agency, AND three months of most recent bank statements showing the deposits of retirement income.
Social Security, Disability, GI, or other benefits	Award letter, a statement from issuing agency, or a recent bank statement showing deposits.
Child Support and Alimony	Award letter (if available) AND three months of most recent bank statements showing the deposits of support.
Using Assets Only	Financial statement(s) from the past three (3) consecutive months. Average monthly balance will be determined over a 12 month period and must be equal to or greater than 2.3 times the monthly rent amount. To qualify, financial statements may include proof of funds from checking/savings accounts, stocks/exchange-traded funds, mutual funds, and money market funds. Funds cannot include 401k/retirement accounts unless the applicant is the required age/eligible to withdraw from retirement accounts without penalty.

Bank Statements

Credit Requirements

A credit report will be obtained from a third-party agency on all applicants who are financially responsible for lease payments. ResidentScore 4.0 is a credit scoring model built by TransUnion specifically for the tenant screening industry using millions of known tenant consumer leasing outcomes to zero in on the consumer credit trended behaviors that lead to an eviction or skip. The results from an applicant's ResidentScore will, in most cases, be different from credit score results that may be generated by Vantage, FICO, or other more commonly known credit scoring models (which are used in other industries, including credit card, auto loan, mortgage, insurance, etc.). Collections, charge-offs, absence of credit, foreclosures, repossessions, inquiries, and delinquencies may be considered during the credit report review. All bankruptcies must be closed for at least 30 days for an application to be considered. Open bankruptcies or more than one bankruptcy within the past seven years shall be cause for application declination.

Credit ratings shall determine security deposit levels.

*If no credit score is available AND no credit report is available, the application may still be considered, and a 1.5-month security deposit would be required if approved, subject to state and local laws.

Rental History

Applicants rental history shall be evaluated for an approval determination, subject to all state and local laws.

Applicant(s) that reflect rental housing related Civil Judgments and/or Forcible Entry Detainer Judgments (Evictions) within 3 years of the application date are automatically declined.

Criminal History

A criminal history verification will be conducted for all applicants 18 years of age or older using a third-party agency. The application will be denied for the following criminal convictions/records:

Any felony conviction/record within the past seven years.
A felony conviction/record for certain types of violent crime(s), arson offenses, robbery-related offenses, drug sale and manufacture offenses, and/or non-forcible sexual crimes within the past ten years.
Select misdemeanor convictions/records within three years.
All forcible sexual crimes and sex offender registrants will be declined regardless of time.
An OFAC (Office of Foreign Assets Control) search report will be completed for each application. Any applicant that appears on an OFAC list is subject to automatic denial.

These requirements do not constitute a guarantee or representation that residents or occupants currently residing in our homes have not been convicted of or are subject to deferred adjudication for a felony, certain misdemeanors, or sex offense requiring registration under applicable law. There may be residents or occupants that have resided in one of our homes before the implementation of this policy. ResiHome’s ability to verify this information is limited to the information made available by the applicant and third-party credit reporting services utilized. Applicants and/or residents who are convicted of any of the above-listed offenses after lease application may be subject to the forfeiture of all fees paid to reserve the home or eviction if the conviction/record occurs after occupancy.

Pet Policy

A maximum of three pets is allowed in the home.

Pet Fees*: Pet owners are required to pay a non-refundable pet fee of $300 per pet, in addition to paying the $35 per pet, per month fee during their lease.
ALL animals on the premises are required to have up-to-date vaccination. Applicants must submit vaccination records, along with other application documents, via the resident portal.
Livestock and exotic animals are not permitted on the premises or within the home. Exotic animals include but are not limited to snakes, spiders, lizards, and mice. Livestock animals include but are not limited to chickens, cows, goats, pigs, and roosters.
Dog Breed Restrictions: Breed restrictions vary by client and are subject to all local and state laws as well as HOA’s.

*Pet fees do not apply in all states and are subject to all local and state laws

One-time Fees

One-time fees occur at application and lease signing. In addition to one month's rent deposit, the following one-time fees apply, depending on your situation*.

$55 Application Fee – Non-refundable fee to cover overhead costs associated with ResiHome's review of the application. Charged per adult applicant (18 or older) at the time of application.
$500 Holding Fee – Due within 24 hours of application approval to reserve the home. Credited toward the security deposit or other initial fees due 72 hours prior to the lease start date. Non-refundable once paid.
- Pre-Leased Homes - If you reserve a home that is pre-leased, you are eligible for a one-time transfer of your Holding Fee to another property no later than 14 days after the initial home's availability. The Holding Fee is non-refundable.
$100 Administrative Fee – Non-refundable fee paid at lease signing to cover overhead costs associated with the preparation and administration of the lease.
1 Month Rent Security Deposit - One month's rent deposit to hold the home, which may be returned at move-out less any resident damages.
$40 Utility Set-Up Fee – Charged by the utility management company at move-in to set up water, sewer, and other covered utility services in the resident's name.
$50 Utility Move-Out Fee – Charged by the utility management company at move-out to disconnect and finalize utility services at the end of the lease term.
$300 Pet Fee (if applicable) – Charged per pet, for up to 3 pets. This fee will be due when the administrative fee is due.*

*Fees may vary by location, home, and individual circumstances. Application fees and pet fees do not apply in all states and are subject to all local and state laws. ResiHome does NOT accept checks or money orders for Holding Fees and/or any Move-In Fees. All payments must be submitted electronically.

Monthly Fees

In addition to your monthly base rent, the following fees are included as part of your lease. Please see the listing associated with your home of interest for the full list of applicable monthly fees.*

Required Monthly Fees:

$35 - $45 Easy Living Bundle – Mandatory bundled services for resident convenience, including smart home technology, air filter delivery, and other standard home services. Applies to select homes and prices may vary.
$4 Smart Home / Lock Fee – Mandatory service involving smart lock technology for convenient resident access and control. Applies to select homes not enrolled in the Easy Living Bundle.
$10.99 - $12.49 Conservice Utility Management Fee – Charged for Conservice to manage water, sewer, and other applicable utility services on the resident's behalf. Prices may vary by location or home.
$60 Internet Fee – Covers 1-Gig high-speed connection with no data caps, professional installation, all necessary equipment, and ongoing technical support. Applies to select homes and prices may vary.

Additional Monthly Fees:

$45 - 75 Landscaping Fee – Residents who receive landscaping services are charged a monthly landscaping fee. Prices may vary by home.
$150 Pool Maintenance Fee (if applicable) – Charged to provide ongoing maintenance for the pool if a pool is located at the property.
$35 Septic Maintenance Fee (if applicable) – Charged to cover ongoing inspection and maintenance of the septic system at homes not connected to municipal sewer.
$35 Pet Rent (if applicable) – Charged monthly for each dog or cat (that is not a documented support animal) occupying the property. Up to 3 pets allowed.
$18 Renters Insurance (optional) – Residents may enroll in ResiHome's renters insurance program in lieu of obtaining their own qualifying personal liability insurance policy.

*Fees may vary by location, home, and individual circumstances. Pet fees do not apply in all states and are subject to all local and state laws. ResiHome does NOT accept checks or money orders for Holding Fees and/or any Move-In Fees. All payments must be submitted electronically.

Disclosures:

ResiHome does business in accordance with the Federal Fair Housing Law (The Fair Housing Amendments Act of 1988). Agents understand that it is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin. This applies to the sale or rental of housing or residential lots. It also applies to advertising, the sale or rental of housing, and the financing or appraisal process. In addition, blockbusting is illegal. To assure residents or buyers that we don’t discriminate, we display Equal Housing Opportunity posters in our office and have its logo printed on our application forms.

By submitting this application, the applicant(s) acknowledge(s) and accept(s) that the lease application will be approved or rejected based on the information above, and that a completed application(s), even if accepted/approved, shall under no circumstance be considered a lease agreement between applicant (s) and Landlord. Falsification of any information on the lease application, provided documentation, or incomplete documentation will result in a decline of the application. Applicant(s) also agree(s) to submit all documents necessary to complete the application within 72 hours of the application date. All information must be verifiable.

Qualifications

Get informed before you apply

Employment & income verification:

Rental & criminal history

Pets

Rental Fee Schedule

Homeowner Associations

Disclosures: