Reasons Rental Application Denied In Texas
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Wealthier, more competitive areas will require a higher minimum score, as will new or luxury buildings. However, a good rule of thumb is that most landlords look for a credit score of at least 600. Anything under 600 is considered bad credit, but don't worry – there are many ways to get around bad credit.
Two years of consecutive employment history should be submitted along with proof of income of at least 3x the amount of rent. If you do not have employment history, please provide proof of income via bank statements showing deposits for at least the preceding three months, retirement or social security statements.
Legal Grounds to Reject Applicants The property owner is allowed to turn down a lease application based on any of the following reasons: Credit report – a low credit score or a poor credit history. Income – earnings are insufficient for the payment of rent. Criminal history – a record of a criminal conviction or felony.
How long does approval for a rental application take? Usually, you can expect to hear back in 24 to 72 hours. However, certain factors (for example, a high volume of applications) may affect this timeline. You can always ask the property manager how long it will take to receive a reply.
The landlord should not reject your application based solely on your arrest record. See this page from Fair Housing Center for Rights & Research for more information about this. This is an important place for advocacy in Texas.
Landlords typically look for a credit score of 620 or higher. A higher credit score may increase your chances of getting approved and may result in better rental terms. Other factors like income, rental history, and employment stability also play a role in the approval process.
The landlord should not reject your application based solely on your arrest record. See this page from Fair Housing Center for Rights & Research for more information about this. This is an important place for advocacy in Texas.
Most of the time, the application process takes one to three business days. Background checks and employment verification may take some additional time. Sometimes things move more quickly. A prospective tenant might tour an apartment (in-person or virtually), apply, get approved and sign a lease, all on the same day.