MHA ACCEPTED!! Income plus verified credit history will be entered into a credit scoring model to determine rental eligibility and security deposit levels. Unfavorable accounts which will negatively influence this score include, but are not limited to: collections, charge-off, repossession, and current recent delinquency. Open bankruptcies will result in an automatic denial of the application. Additional security deposits will be required for all credit recommendations below and accepted level, not including a denied application.Applicants must have a minimum combined gross income of 3 times the monthly rent.Some credit scoring results will necessitate an evaluation of verifiable rental or mortgage payment history for the last 24 months. In these instances, an applicant must have a minimum of 6 months cumulative verifiable rental or mortgage payment history within the last 24 months. Applicants not having verifiable rental or mortgage history will have to pay an additional security deposit equal to one months rent. Upon approval, you will have within 24 hours to turn in the Holding Fee at the Local Corporate Office to have the property to be removed from the market.
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