APPLICATION
SCORING

Stevens Realty

Self-assessment Application Scoring

Guidance on how Stevens Realty applications are scored. Check the self-assessment scoring matrix.

Guidelines Scoring Matrix Your Score

Length Employed with Current Employer
* Full-time student of 12+ credits treated as employment

0
0-12 Months
1
12-24 Months
2
24-36 Months
3
36+ Months
3

Rent to Income Ratio
(income combined for all tenants)

Automatic Denial
34% or more
1
30-33%
2
25-29%
3
24% or lower
3

Credit (F.I.C.O.)
Score (If the applicant's credit check returns with no credit score, a default score of 500 will be used.)

0
Lower to 600
1
601-650
2
651-725
3
725+
3

Debt to Income Ratio
(new rent + plus loan payments – combined for all tenants)

0
55% or more
1
55-51%
2
50%
3
45% or lower
3

Cash in the Bank

0
lower than 1x the rent
1
2x the rent
2
3x the rent to 4x the rent
3
5x the rent or more
3

Payment History (CC = Consumer Credit)

Automatic Denial
Utility/Rent Deb
1
CC Delinquent
2
Bankrupt / New CC
3
Student Loan, Medical, Foreclosure
3

Criminal History (Convicted)
*1st-degree felonies automatically denied

Automatic Denial
Felony Under 7 Years
1
Felony over 7 years
2
Traffic and other Citations
3
None
3

Average Length of Last 5 years of Residency
* Eviction in last three years, automatically denied

0
12 months of less
1
13-24 months
2
25-48 months
3
49+ months
3

Late Rent or Mortgage in the last two years

0
3x
1
2x
2
1x
3
0x
3
Score 27-21, No Pets Approved - Regular SECDEP TOTAL RATING SCORE:
27
Score 27-21 With Pet(s) Conditional approval is subject to pet policy. Regular SECDEP
Score 20-16 Subject for Approval with the option for conditional approval
with Risk Mitigation Fee (50%, 100%, 150%)
Less than 15 Applications were denied. Denied.

Auto Declined

* Eviction for the last 3 years
*Open or closed bankruptcy for less than 3 years
* Landlord Collection
* Utility Collections
* Felony and Drug-related charges less than 7 years
* Income is less than 3x the rent
* 499 and below Credit Score