Acacia at Carmichael Apartments

Application fee: $35 per 18 and older applicant Pets allowed - size, breed and additional deposit applies The Ibrahimzada Property Trust Credit Criteria: -Income: Your combined net monthly income must be at least 2 times the monthly rent. -Rental… history: If applicant does not have any rental history, it will not be considered as “negative”; however, if applicant has a rental history, there may not be a “Negative Rental History”. -Credit history: It shall not be considered as derogatory if the applicant has absolutely no credit history; however if the applicant does have a credit history, the credit record must be non-derogatory and verifiable. Derogatory information includes but is not necessarily limited to the following: (1) one or more open collection accounts with the exception of medical collection accounts, (2) open bankruptcy, (3) one or more unpaid collection account which is not medical, (4) one or more collection “write-offs” within the last seven years, (5) more than three late payments within the last twelve months preceding submission of the application to rent, (6) more than six late payments in the last twenty-four months preceding submission of the application to rent, (7) one or more unsatisfied money judgments, (8) one or more unpaid tax liens, (9) foreclosure, (10) repossession, (11) Your FICO score must not be lower than 670, (12) Outstanding debts greater than $15,000, (13) Inability to verify credit information (14) Inability to verify your identity (15) If there is a credit history of the applicant, an inability to verify your credit history Automatic Disqualifiers: -Open bankruptcy -Negative rental history -FICO score lower than 670 -Incomplete or unsigned rental application -False information given on the application -Unverifiable information on your application -Not meeting rent-to-income ratio requirements -Not meeting credit history requirements of this rental criteria -Inability to pay rent in addition to current financial obligations -Unfavorable rental references -Expressing threatening or abusive behavior or language during the rental application/screening process -Prior or current eviction resulting in a judgment against the applicant within the last three years Read More