Leasing Fees & Screening Criteria

*** Allow 5 Business Days on Average for Screening Process to be Finalized ***

• Applicants MUST LOGIN TO THEIR APPROVESHIELD PORTAL using the secured link sent to their email or text
  • Confirm Identity/SSN
  • Sign & Date Authorization
  • Upload Documents – see below

*** Required Documents MUST be Submitted within 48 Hours ***

• Applications AUTO-CLOSE if ALL Required Documents are Not Received within 2 Business Days
  • Questions? Contact ApproveShield by logging into Upload Portal and clicking the “Communication Bar” to send a message
  • Assistance that cannot be resolved using the in-app communication feature, call (972) 559-4730 extension HELP (4357)

*** ONLY Documents Listed Below are Accepted ***

• Photo ID Required for ALL Applicants
  • State-issued photo ID Card -OR- Drivers License (US Passports not accepted as verifiable ID)
  • US Visa or non-US Passports will be verified by most current I-94

*** Personal Bank Statement Required for ALL Income Qualifying Applicants ***

• PERSONAL BANK STATEMENTS ONLY
• U.S. BANK ACCOUNTS ONLY
• PDF FORMAT ONLY – NO SCREENSHOTS
  • NOT accepted: business bank statements NOT accepted as personal income
  • NOT accepted: crypto currency NOT accepted as personal income

• Account Balance Validation
  • 1 most current full Personal Bank Statements – bank statement(s) are always required
  • Account containing liquid funds totaling 1x the annual market rent amount
  • Guarantor: Account containing liquid funds totaling 5x the annual market rent amount

• Currently Employed – not self-employed
  • 1 most current full Personal Bank Statements showing paycheck deposit(s) – bank statement always required
    AND Income must meet 2.86x monthly market rent amount
  • 2 current & consecutive pay stubs
    • Note: For a recent job change (fewer than two pay stubs) – must provide offer letter AND first pay stub(s)
    • NOT accepted: Cash, Venmo, Zelle, or similar non-verifiable cash apps NOT accepted as verification of income (see self-employed)

• Offer Letter or Started New Job
  • 1 most current full Personal Bank Statement – bank statement always required AND Income must meet 2.86x monthly market rent amount
  • Offer letter with effective employment 60-days within of lease start date, on company letterhead & signed
    • Note: Offer Letters will be independently validated with employers HR department

• Self-Employed
  • 1 most current full Personal Bank Statement – bank statement always required AND Income must meet 2.86x annual market rent amount
  • Tax Returns – 1 most previous years’ filed 1040 tax returns (filing will be independently validated with IRS)
  • NOT accepted: business tax returns NOT accepted as personal income
  • NOT accepted: W2, 1099, Schedule C, or similar non-verifiable filing forms NOT accepted as verification of income

• Other Income Source
  • 1 most current full Personal Bank Statement / Benefit Statement showing benefit deposit(s) – bank statement always required
    AND Income must meet 2.86x monthly market rent amount
  • Government Benefit or Income Assistance Letter/Statement on official letterhead & dated recently OR
  • A statement of annuity account payment showing regular annuity income dated within the last 30 days OR
  • Retirement/Pension: either benefit documents on official letterhead & recently dated or 2 current & consecutive pension/retirement paystubs OR
  • Financial Aid statement from official Institution listing amount awarded for living expenses above & beyond tuition/books/fees recently dated