Category:
Resident Services FAQ
- Who is eligible to serve as a cosigner for an apartment application?
- Cosigners must have a close familial or relational tie with the applicant and possess a verifiable US-based address.
- While close family members or relatives are generally preferred, we may accept other willing cosigners who meet the approval guidelines.
- What are the financial prerequisites for a cosigner?
- A cosigner should boast a credit score of at least 750 and a gross monthly income equivalent to or exceeding three times the monthly rent amount.
- Under what circumstances might an applicant qualify to secure a cosigner?
- A cosigner may be permitted if the applicant has not had the opportunity to establish credit or does not have the ability earn income due to their status. Applicants with poor credit or income levels that do not meet the application review guideline of 2.5 times the monthly rent will not qualify for a cosigner.
- Typical examples of applicants who would qualify for a cosigner would include full time undergraduate students or retired adults who may have relinquished power of attorney to an adult child or other trusted adult.