In Brooklyn, where real estate moves at an extremely fast pace, you do not want to delay your application process.
Here is everything you will need to submit to be approved:
- Completed application
- Proof of Income in the form of your 3 most recent pay stubs – this should prove that your (combined) yearly income is 40 times your rent
- 3 most recent bank statements
- Photo I.D. – state I.D., driver’s license, or passport
- Most recent W-2 form or tax return
- Letter of employment with your start date and annual salary
- A deposit for one month’s rent in the form of cash, cashier’s check, or money order (No personal checks)
- A $75 application fee to cover the credit check and the paperwork processing
For an applicant with a credit score lower than 680, such as a student or someone who recently started a new job, a guarantor is your best option. The guarantor will need to provide the paperwork to prove an annual income of 80 times the rent and a 700+ credit score in order to guarantee the lease.
Here is a list of documents for the guarantor to provide:
- Photo I.D. – state I.D., driver’s license, or passport
- Proof of current income – Pay Stubs
- Most recent W-2 form or tax return
- Bank statements of most recent checking and savings accounts
- A notarized form guaranteeing the lease (we will provide that)
- A $75 fee to cover credit check and paperwork processing
If you have any questions regarding paperwork requirements, please feel free to contact one of our agents. We are happy to walk you through the process and answer any questions you have.