Underwriting

Requirements

Include:

• Some restrictions may not apply to all properties. Please call 630-983-1000 to confirm. These are underwriting guidelines; additional information or verification may be required.
• It can take several business days to approve or deny an application, depending on the response times for additional information, income verification and previous landlord verification.
• Claritas Property Management is 100% committed to following all Fair Housing laws in effect-Federal, State and Local.
• The guidelines listed here are subject to change, without notice, and may not be updated in real time.
• For the safety of our staff and residents, only approved applicants will be scheduled for individual showings.
• Realtors can show units to their clients at their convenience.
• Gross income must be at least 3 times the monthly rent amount. No Co-Signers.
• All legal sources of income are accepted, as dictated by law.
• Income can be combined between qualified adult applicants
• Income and length of employment will be verified. Appropriate documentation showing 4 weeks required. We also look at YTD income on paystubs.
• Self-employed must provide most recent tax returns and 2 months bank statements.
• All occupants 18 or older must complete the application
• 680 Minimum Credit score for financially responsible lease signers.
• Debt to income ratio, accounts in collection and past due balances can be considered.
• Previous landlord/rental payment history will be verified.
• After financial qualifications are met, criminal convictions may be considered in denying applicants, as dictated by law.
• Your approved application can be transferred to any of our available homes for which you are qualified. No need to re-apply for a different unit.