Where can I apply?
Go to www.Norcalpm.com > Pick associated office > Find property > click Apply Now.
How long does it take the application process?
Typically 3-5 business days.
What do I need to qualify?
Every adult over the age of 18 needs to apply, Credit score 600 or higher (If a person does not have a 600+ credit score, their income will not be included towards the 3x the rent requirement), Gross income of 3x the rent, No felony criminal charges, Clean rental history/no evictions.
Income - accepted, not accepted, what to use in lieu of?
2 months of paystubs are the default requirement. If don’t have 2 months worth – need new hire/transfer letter from employer with details of position, start date, and pay. Unemployment will need to be reviewed. Financial Aid counts for the amount outlined specifically for Housing. Bank statements do not work for main proof of income.
- 2 years of 1040s showing adjusted gross income and a 6 month consolidated income statement/profit and loss statement
- Income/P&L statements need to come from an accounting software
Are co-signers allowed?
Yes, one per application.
Do you take Section 8/HAP?
Yes, as long as the voucher bedroom/rent amount qualifies for the property. We will need a copy of the voucher and the recent calculations summary sheet. Voucher needs to be current and in the same county as the rental property. Applicants still need to meet our application qualifications and make 3x their portion of rent.
What if I have a bankruptcy?
Chapter 5 bankruptcies are ok if they are discharged. A current/filing Chap 13 BK will need to provide payment history with the application for review.
What if I have an eviction?
Our records go back 7 years. If an eviction shows on the screening, unfortunately that is a cause for denial.
How do I add a cosigner or co-applicant onto the application?
Log back into the application portal and choose the option add another person.
How are applications processed? Is it first come, first served?
Applications start processing in order when they are received however the first application to get all the pieces of the puzzle together goes for review. This includes screening, proof of income, responses from Landlord verifications, pet screening results, and questions answered that need clarification. Once in review, applications that are approved get put into line of approval (#1, #2, etc.).
How can I check the status of the application?
Calling or emailing our offices to check is the best way.
Can you accept outside credit reports?
No, we have to process our own screening so it’s the same for every applicant.
Proven & Trusted
Yes, we have credentials