When is a co-signer required?

If you're applying for a rental property, learn when and if you might need a co-signer.

Co-signers are used in rental applications if the primary applicant(s) cannot meet the requirements in their entirety to provide additional support to the applicant's credibility. 

Some of the instances in which a co-signer is accepted would include:

  • If the applicant(s) do not have a minimum 600 credit score
  • If the applicant(s) have no credit history
  • The applicant(s) do not have an income of 3x monthly rent

In all other cases, a person may opt to add a co-signer, but this does not mean the application will be accepted simply because a co-signer qualifies.

Co-signers must meet all requirements and qualifications and will pay the same application fee as all other applicants.