The credit decision settings above are configured by the property manager. Based on these settings and other credit data, On-Site Manager, Inc. will calculate a score between 0 and 10 for the application. This score describes the degree to which the applicant meets the criteria. The meaning of the scores is described below:
Score Recommendation Explanation
0.0 - 4.9 Decline Fails to meet the credit decision settings above.
5.0 - 6.9 Accept With Conditions Fails to meet the credit decision settings above.
7.0 - 10.0 Accept Meets or exceeds credit decision settings above.
Please Note: Guarantors must qualify unconditionally (a score of 7.0 or higher).
Additional Items that will need to be submitted via email after filling out the online application:
Lighthouse Property Management LLC 360-752-9006 cecelia@lighthouserentals.net
****Note we do not accept portable screening reports****
Applications | Importance |
Ability to Pay Rent: | |
Minimum monthly gross income-to-rent ratio = 2.5 Assets may not contribute to the qualifying income | Extremely |
Monthly minimum net income (after rent and debt obligations) should exceed a fixed amount: $1,000.00 | Extremely |
Credit History: | |
Maximum percentage of past due negative accounts: number of derogatory accounts: 25.0% | Moderately |
Maximum balance of unpaid collections (includes past due accounts): $200.00 | Moderately |
Bankruptcy permitted: If cleared | Very |
Residency History: | |
No landlord tenant court records or unpaid landlord collections: Any number ever | Pass/Fail |
Rental history less then 2 years | requires co-signer |
Criminal History: | |
Sex Offender History. May not be a registered sex offender | Pass/Fail |
We will be reviewing the following: History of criminal behavior that may negatively affect tenancy - drugs, sex offense, robbery, assault, active warrants, ect…… Determinations as to criminals screening will be made on a case by case basis, after analysis, and will be based on several factors and information. There will be NO automatic denials on arrest or criminal convictions. | Extremely |