When should I apply with a co-signer?

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 required or encouraged 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 pay the same application fee as all other applicants.

What does it mean to be a cosigner?

You should understand your liability as a co-signer before you agree to apply as one. While you will not reside a the property, the amount of the debt will still be your responsibility should the other applicants fail to pay. 

You will apply in the same manner as an applicant, meaning your credit will be pulled, your income will be verified, and your social security number will be required as well as a valid form of ID and your bank statements.

You cannot be used as a qualified co-signer if you do not fully meet our requirements and qualifications