What Are The Application Requirements?
Applying for a home should feel straightforward and transparent, and that starts with knowing what to expect.
At Pros PM, we use a consistent screening process to make sure all residents are set up for success. Our goal is to create stable, well-qualified communities where everyone has a positive living experience.
What We Look At
When reviewing applications, we consider a few key factors:
Income: At least 3x the monthly rent.
Financial stability: About $1,000 in disposable income after rent and existing debt.
Credit: A score of 650 or higher is preferred. Lower scores may still be considered with a higher deposit.
Financial history: Bankruptcies within the past 5 years or multiple collection accounts require additional review.
Background Review
We also complete a background screening to ensure the safety and well-being of our communities. Certain criteria may not be approved, including:
Serious criminal offenses within the past 7 years
Violent or weapon-related offenses
Sexual offenses
Listings on national watchlists or registries
Other histories may be reviewed individually depending on the situation and property.
Options & Flexibility
We understand that everyone’s situation is different. In some cases, we offer options like:
Increased deposits
Co-signers or guarantors
Additional documentation
We also offer low-income housing options with different financial qualification criteria.
Why This Matters
Our screening process focuses on building strong, stable communities. By placing financially prepared residents who are a good fit for the property, we help create more consistent payment habits, better-maintained homes, and a more positive experience for everyone in the community.
If you ever have questions about the application process, our team is here to help guide you every step of the way.