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Raymond Kalonji
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Are My Screening Criteria Unrealistic for Section 8

Raymond Kalonji
Posted

Hello, 

I have decided to welcome section 8 applications for my rental, but I'm wondering if my screening criteria listed below are unrealistic for applicants:

- Minimum credit score: 640.

- Minimum household income: 90,000 $USD per year (Can be waived with Section 8 or HCV voucher). 

- Minimum rental history: 2 years (please provide references). No eviction in the past 2 years.

 - Minimum work history: 1 year (please provide references and pay stubs for the past 3 months; if self-employed we can discuss alternatives to paystubs).

    - Criminal, eviction, employment and background check

- No guarantor outside of household

Thanks in advance for answers

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Quote from @Raymond Kalonji:

Hello, 

I have decided to welcome section 8 applications for my rental, but I'm wondering if my screening criteria listed below are unrealistic for applicants:

- Minimum credit score: 640.

- Minimum household income: 90,000 $USD per year (Can be waived with Section 8 or HCV voucher). 

- Minimum rental history: 2 years (please provide references). No eviction in the past 2 years.

 - Minimum work history: 1 year (please provide references and pay stubs for the past 3 months; if self-employed we can discuss alternatives to paystubs).

    - Criminal, eviction, employment and background check

- No guarantor outside of household

Thanks in advance for answers

Gross income should be 3x rent, or whatever your locality allows, with the section 8 counted towards that income. So if rent is $2k month, gross income needs to be $6k per month. If section 8 pays $1,500 a month, then other gross income sources in the above example (if 3x income ratio is allowed) need to total $4.5k per month.

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