(214) 972-3870 leasing requirements Total Points & Approval Decision Total Points Decision 6+ Qualified 5 Qualified with a 50% higher security deposit >5 Rejected Key Criteria & Points Income Reject: <2x Monthly Rent 0 Points: >2x Monthly Rent 3 Points: >3x Monthly Rent 4 Points: >4x Monthly Rent Security Deposit 0 Points: > 1x monthly rent 2 Points: >2x monthly rent For co-applicants: sum only the top TWO applicant incomes. For applications with co-signers: 4 Points: Co-signers MUST have an income 6x that of the monthly rent. Reject if not. For applicants who pay a lump sum of the lease amount up front: +1 point for every 6 months of the lease paid up front. Cannot exceed 4 points. Current Employment 0 Points: <1 Year 2 Points: >2 Years 3 Points: >3 Years For co-applicants: average the points for the top TWO applicants. For applications with co-signers: Co-signers MUST be employed at current job for >3 years or self employed for >5 years / retired. 3 points if met, reject if not. Credit Score 0-549: Guarantor/cosigner will be required, Reject if no co-signer. 2 Points: 550-599 (or N/A) 3 Points: 600-649 4 Points: 650-675 5 Points: 676-699 6 Points: 700+ For co-applicants: average the credit score for the top TWO applicants. For applications with co-signers: Co-signers MUST have a 700+ credit score. 6 points if this is met, reject if not. For applicants who pay a lump sum of the lease amount up front: +1 point for every 6 months of the lease paid up front. Cannot exceed 6 points. Bankruptcies Reject: Open Bankruptcy -4 Points: Within last year -2 Points: Over one year For co-applicants: reject entire group if any applicant has an open bankruptcy. For applications with co-signers: reject entire group if co-signer has any bankruptcies in the last 12 months. Evictions Filed -3 Points: Within last year- Dismissed -2 Points: Over one year- Dismissed Reject: Open Evictions in Last 36 Months Criminal History Reject: Sex Offender or Domestic Violence Charge -2 Points each: Misdemeanor in past 7 years -4 Points each: Felony in past 7 years Verification of Lease +2 No Late Payment Over 30 Days +1 Reference Letter or (copy of ledger showing applicant name & property / Management Co. Name) From Landlord in last 36 Months For applicants who own their home: we will look at mortgage payments history from the credit report to determine points in this category. -4 for foreclosures in last 24 months Section 8 Vouchers At this time we are not accepting Section 8 housing vouchers across any of our listed homes. /We exist to change lives by helping fulfill the American Dream of living in a home. Our Homes Careers FAQs Contact Employee Forms Vendor Support Leasing Requirements Recent Posts Camden Homes and CooperZadeh Announce a $375 million Credit Facility Closing with Global Atlantic for 2,000 Single Family Rental Homes. DFW New Home and Rental Markets Report December Market Report Dallas Market Report DFW Housing Report Monthly Mortgage Payments Total Amount Down Payment Interest Rate Mortgage Period Disclaimer *Advertised sample monthly payment are based on principal and interest only. Fees such as taxes, insurance and HOA are not included and will increase the sample monthly payment amount and is not an offer to lend. Prices, terms, rates, features, amenities, floor plans, designs, elevations, materials, square footages, fees and descriptions are subject to change at any time without notice. The website is for general information only. Renderings, photos, floor plans, square footages, features, and colors are approximate for visual purposes only. Square footages are approximate and may vary in construction. Homes pictured may not always be available at the lowest advertised price and may or may not display upgraded landscaping or decorations with furniture which are not available for purchase even with additional payment. Nothing on our website should be construed as legal, accounting or tax advice. Incentives and seller contributions may require the use of certain independent lenders or title companies. Please consult a Camden Homes new home consultant and review a home sales contract for additional information and disclosures. © 2020. All rights reserved. Designed by Cinch Studio EN