Future Residents

Conrex is committed to compliance with Fair Housing laws, including those that prohibit discrimination based on race, color, sex, religion, disability, familial status, national origin, and all other classes protected by applicable federal, state and/or local law.

Each applicant must be able to provide a government-issued photo identification card and a Social Security Card. The provided identification card must be issued by a federal, state, or local government agency and include a photograph, name, and date of birth.

A score of 539 or below is automatically declined when there is only one applicant. For a household with more than one applicant, all applicants must have their screening score averaged. The average screening score for all applicants must be 540 or higher.

If no credit history, approval can be granted with an approved guarantor. Please refer to the guarantor guidelines for the credit and income requirements. If there is a joint application where one of the applicants does not have any credit history, the other applicants must quailify for the home on their joint score and income alone. Applicants with a verified W-7 or ITIN will not have to secure a guarantor, however applicants must have verifiable income that meets the screening requirements and provide a copy of the W-7 or ITIN document.

A guarantor is an application that cosigns the lease and will be financially and legally responsible for the lease term. A guarantor is only allowed for applications when all residents in the household do not have a credit history to verify. If one applicant in the household has a credit history, a Guarantor cannot be used to qualify residents for the home.

Guarantors are required to have a Transunion Advantage screening score of 610 or higher. Income verification must be provided to show the annual gross income is at least 5 times the monthly rental amount of the listed home. Only one guarantor is allowed per household.

The average household Transunion Advantage screening score for all applicants must be 540 or higher to qualify for a lease.

Transunion Advantage credit scores range from 300 – 850. The scores are calculated using the information in your credit report.

There are many places where you can get your credit score. Your bank or credit union may offer free credit scores in their online banking systems. Checking your own credit score will not negatively impact your score. Of course, there are many websites and apps that you can check as well. Keep in mind that different companies have different credit scoring models and that we will be using your Transunion Advantage score.

*Criteria may differ by market area based on local regulations. See your leasing specialist for complete details.

The combined income of the household (total gross household income) for all eligible applicants must be equal to no less than 3 times the monthly rental amount.

To verify income all eligible applicants must submit one or more of the items below.

• Paystubs – Two consecutive paystubs are required if paid bi-weekly, four consecutive paystubs are required if paid weekly, and one paystub is required if paid monthly. PDF format showing dates, company name, applicant name, and compensation listed is required.


• Offer Letter – The offer letter must be provided within 30 days of the lease start date, on company letterhead, stating the start date, hourly or salaried pay indicated, signed and dated by management. An offer letter can only be used to verify income if employment is within the last or future 30 days.


• Benefit Verification Award Letters – Documentation can be downloaded from the website (https://www.ssa.gov/) showing the monthly benefit amounts must be dated and provided within 30 days of move-in. This applies to any government benefit award letter that includes social security, supplemental security income (SSI), disability benefits, veteran’s benefits, and any pension award letters.


• Court Ordered Child Support and/or Alimony – A printout of the current payment history to include three months minimum must be downloaded from the applicable state child support enforcement agency website. Court documents showing the ordered alimony amounts are also accepted.


• 1099 - Self Employment – Three months of complete bank statements in PDF format and three months of payment statements from employer(s) must be provided. The pay statement should be in PDF format showing company info, dates, and compensation detail. If you have worked the same job for more than a year, you will be required to submit an IRS transcript as well.


• Variable income - Three to six months of pay stubs must be provided. An average will be calculated to determine the average monthly income.
• Overtime pay will only be used to calculate the average if the amount of overtime is consistent over a three-month period.
• We cannot use cash deposits to verify income


• Own Business - IRS transcript for the prior year or a current profit and loss statement. In addition, six months of deposits in a business bank account and a current business license or permit are required. The business must be registered with the Secretary of State.


• Cash Savings – In the case of no verifiable income, applicants must have a credit score of 700 or more, and provide bank statements for at least three months, showing a minimum balance of rent x 12.
• House Sale - Escrow settlement from the sale of a home may be used as cash savings if the escrow is due to close before the move-in date. Management approval is required.

Any eviction record will result in an automatic denial even if there was a monetary dept that was paid in full.

To qualify for the lease all applicants must not have the following collections on their credit report.

• Open or outstanding collection accounts with a household total balance greater than $1,000. Please note that student loans and medical collections are excluded from calculating collection balances.
• Any collection to a former landlord or HOA community, even if the balance is paid in full

• Any criminal offense, deferred adjudication, or conviction for which a person is required to register as a sex offender will be automatically declined. • Any criminal offense, deferred adjudication, or conviction of a felony offense related to the manufacture and/or distribution of controlled substances within the past 7 years from the date of conviction will be automatically declined.