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A conditional approval happens when a lender is otherwise satisfied with your loan application, but requires you to meet certain criteria before you can be fully approved.
Top Tenant Screening Questions What date would you like to move in? Do you have pets? How long have you lived in your current home? Why are you moving? How many people will be living in the unit? How many people living with you smoke? What is your monthly income? Have you ever been convicted of a relevant crime?
To ensure you get the rental property you want, here are our top tips for creating a great first impression with your landlord or letting agency. Be Realistic About Budgets. Turn Up on Time To Property Viewings. Present Yourself Well. Have Your Documentation Ready. Dont Be Afraid to Ask Your Landlord Questions.
Once you begin the rental applications process, here are a few factors to consider as a landlord: Credit Score. Background and Eviction Checks. Employment History. Current Income. Landlord References. Reason for Leaving Previous Residence. Tenant Demeanor. Lifestyle Choices.
Rental Criteria Gross monthly income must be three (3) times the amount of the monthly rent. Employment must be current and verifiable. Other verifiable income equaling three (3) times annual monthly rent will be accepted if applicant does not have monthly income but has funds available.
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If your application is not filled out completely, or if there is missing information, it could cause your application to be denied. Having a poor rental history, or no rental history at all, can be another reason.
Here are some potential workarounds that could help your application along, even if you have bad credit. Consider a cosigner. Offer to pay more upfront. Narrow your search to landlords who wont pull your credit. Lower your expectations. Consider moving into an apartment with an established lease.
Since most credit checks for renting are considered soft checks, they wont negatively impact your credit score. The FICO credit-scoring model, one of the most popular credit scores, ignores inquiries made within 30 days of scoring.

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