FAQ > Is there an Application Fee? > What does it take to qualify?
We are happy and pleased you are considering a Oaktown Home. We are very proud of our homes and believe you will be too. Our requirement standards for qualifying to rent a home are simple and fair.
They Are:
YOUR GROSS MONTHLY INCOME MUST BE AT LEAST 3 TIMES THE MONTHLY RENT!
Be employed or furnish acceptable proof of required income.
Good references, copies of leases & payment history from landlords along with being clean & responsible.
A favorable credit history
Cannot owe previous landlords back rent or damages or owe a utility company.
Occupant limits of 2 persons per bedroom.
An eviction within 2 years is a disqualification.
Bad Credit will NOT prevent You from Qualifying for a Oaktown Home.
Compensating factors to qualify can be:
- additional deposit
- pre-paid rent
- last month's rent
for the purpose of helping applicants qualify who do not meet the initial qualifying standards.