RESIDENT SELECTION CRITERIA. If your credit does not qualify, or the Verification of Rental History cannot be obtained, you may still be approved with a Risk Mitigation Fee and the higher, 1.5 times the rent Security Deposit.
RESIDENT SELECTION CRITERIA. If your credit does not qualify, or the Verification of Rental History cannot be obtained, you may still be approved with a Risk Mitigation Fee and Advanced Rhino Policy. CONTINGENT APPROVAL FEES-CREDIT SCORE BASED: All lease transactions involve risk. To mitigate this risk for both Landlord and tenant, Service Star Realty routinely videotapes the condition of properties before and after each tenancy, ending most security deposit claim disputes before they begin. Credit history should show that the Applicant has paid bills on time and does not account for write- offs or collections. Offering approval to a prospective tenant based upon a total credit score below 600 involves a higher inherent risk to the Landlord and the property manager. Service Star Realty can offer applicants with a lower than 600 credit score an opportunity to rent by offsetting the monetary risk for the owner and management company. Average Credit Score (all Adults) Risk Mitigation Admin Fee Rhino Policy 650-850 None SSR Standard Rhino Policy 550-649 $300 SSR Advanced Rhino Policy 300-549 Will be declined Dealing with Multiple Applicants: A risk mitigation fee will be assessed based on the AVERAGE FICO score of all adults. Applicants who do not have a FICO score may be assigned a score of 500. We cannot provide you with the credit report or tell you of its contents; however, we will provide you with the name of the credit reporting agency so you may receive a copy of it from the credit bureau. All information collected for the approval or denial of this application is considered confidential for company use only.
RESIDENT SELECTION CRITERIA. 10.1 Such residential selection policies or criteria that are consistent with the Project Documents and approved by DHCD in writing.
RESIDENT SELECTION CRITERIA. I/We understand that it is our responsibility to read and understand the income and eligibility restrictions for this development as well as the outreach policies set forth by the City and County of San Francisco Mayor’s Office of Housing and Community Development. [Developer to insert a resident selection criteria document for MOHCD review and approval in addition to completing the section below. The resident selection criteria must also incorporate references to the Fair Chance Ordinance and how criminal background checks will not be used until after all other qualifications have been reviewed.]
