Mitten Investment Group
APPLICATION CRITERIA

Application Guide

  1. Each person 18 or over who will live at the property must submit an application. Please fill out the application completely and to the best of your knowledge.
  2. Applications are processed on a first-come, first-served basis. Contact us to check if there are any pending applications for a property.
  3. There is no cost for the initial application. We will review initial applications in 2 business days and invite qualified applicants to complete screening. If any information is missing from your application and we are unable to contact you, your application will be delayed. An invite to complete screening does not indicate or guarantee approval.
  4. The screening fee is $35 per person and non-refundable. This fee covers the cost of the credit, criminal, and eviction screenings.
  5. If you are approved, you will receive an email with instructions on next steps: review and sign a Lease and pay the security deposit + first month's rent.
  6. Please note that an approved application does not constitute a "hold" on the property. We reserve the right to continue marketing the property and accepting applications until the Lease is signed and payments made.
  7. By submitting an application, you agree to the criteria below and acknowledge that any misrepresentation of information may result in the denial of your application or termination of your lease agreement.

Income & Employment Verification

  1. The combined income before tax for all applicants must be at least 2 times the monthly rent amount.
  2. If the applicants cannot meet the income requirement, this requirement may be satisfied by a qualified co-signer.
  3. Income and Employment Verification – Rent Mitten will attempt to call your place of employment to verify your employment. Rent Mitten will also attempt to understand your income based on the documents you provide. If we are unable to verify employment with your employer or unable to verify income, we may ask for additional documentation.

Credit and Rental History

  1. At least one applicant must have a minimum credit score of 640. If the applicants cannot meet the credit score requirement, this requirement may be satisfied by a qualified cosigner. See co-signer qualifications below.
  2. No applicant will be accepted who has a delinquent utility bill, unless the applicant has a co-signer or has a credit score of at least 640. Utility bills include electric and gas. At least one applicant must be able to transfer utilities not included in the rent into their name.
  3. No applicant with a pending eviction case will be accepted, unless the applicant has a co-signer.
  4. Applicants must not have an unpaid money judgment owed to a previous landlord on their credit report, unless discharged or satisfied by bankruptcy, unless the applicant has a co-signer.
  5. If the applicant’s credit/background check indicates an outstanding utility bill, possession judgment, money judgment, or bankruptcy, the burden is on the applicant to prove that he or she meets the above qualifications.
  6. If no landlord reference is obtained, the applicant must have a credit score greater than 640. Family or friends will not count as a valid landlord reference.
  7. Applicants may be rejected if a negative landlord reference is obtained.

Criminal History

  1. No applicant will be accepted who has been convicted of a violent felony or a felony involving fraud, unless more than 10 years have passed since the date of the conviction or the date of release from incarceration, whichever is later.
  2. No applicant will be accepted who has been convicted of any felony, unless more than 5 years have passed since the date of the conviction or the date of release from incarceration, whichever is later.
  3. No applicant will be accepted who has a pending felony charge.
  4. Any other previous criminal history will be evaluated at Rent Mitten's sole discretion.

Consigner Qualifications

If a cosigner is required in order for the applicant to meet the income requirements. The cosigner must have the following:

  1. The cosigner has a credit score of 700 or greater, or
  2. The cosigner has income before tax of three times the monthly rent or greater, has a credit score of 640 or higher and lives in Michigan.

Questions?

Call or text us at (248) 270-7025 or email us at rentmitten@gmail.com.