Stevens Realty
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. |
* 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
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