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Rental Community
Qualification Requirements

Please note that the information below applies to the following built-for-rent communities.

  • Anchor Point, Chattanooga, TN
  • Cannondale Court, Chattanooga, TN
  • Mill Branch at Spring Hill, Leland, NC

If you are searching for a home in another area, please reference the general qualification requirements listed on this page.

What do you need to qualify for a Home in a Maymont Homes Rental Community?

First, you can be confident that Maymont Homes is committed to compliance with Fair Housing laws, including those that prohibit discrimination based on race, color, sex, religion, disability, familial status, national origin, and all other classes protected by applicable federal, state and/or local law. It’s simply the right thing to do.

A non-refundable application fee of $75.00 is required by each person 18 years of age or older (Alabama applicants must be 19 years or older) that will be occupying the house. A non-refundable reservation fee of $250 is required at time of application submission per home. After application fees and reservation fee has been paid, the home will be taken off the market for review and/or approval.

All occupants must be added at the time of application, including minors. Please understand that proof of income is also required as part of the application process.

Preventing rental fraud and protecting your personal information is critical which is why we verify your identity through a simple and secure process.

All applicants must present valid government-issued photo identification and submit a color electronic copy/photo of their identification with their application.

Identification issued by any state or federal authority of the United States includes but is not limited to:

* A state-issued driver’s license
* State-issued identification card
* US passport or passport card
* US CIS Form I-551 permanent resident card

Non-US citizens and other lawful aliens may provide a valid foreign passport as acceptable identification.

Applicants will be required to provide a Social Security Number (SSN) or Taxpayer Identification Number (TIN) at the time of application.

If the IDs provided have been altered in any way, the application will be subject to automatic denial.

The combined income of the household (total gross household income) for all eligible applicants must be equal to no less than 3 times the monthly rental amount.

* If the household average credit is 750 or higher, no income documents are required

To verify income all eligible applicants must submit one or more of the items below.

Paystubs – Two consecutive paystubs are required if paid bi-weekly, four consecutive paystubs are required if paid weekly, and one paystub is required if paid monthly. Paystub must be the entire statement that includes dates, company name, applicant name, and compensation listed.

  • Overtime – considered with three months of recent and consecutive paystubs
  • Tips – considered with three months of recent and consecutive paystubs
  • Commission – considered with three months’ recent and consecutive paystubs

Offer Letter – The offer letter must be on company letterhead, stating the start date, hourly or salaried pay indicated, signed and dated by management. An offer letter can only be used if employment is within the last or future 60 days.

Benefit Verification Award Letters – Downloaded from the website ( to show the monthly benefit amounts. This applies to any government benefit award letter that includes social security, supplemental security income (SSI), disability benefits, veteran’s benefits, and any pension award letters. The most recent award letter that includes current dates must be provided.

Court Ordered Child Support and/or Alimony – Court documents showing the ordered alimony amounts, or a printout of the current payment history to include three months minimum must be downloaded from the applicable state child support enforcement agency website.

1099 – Self Employment –Three options listed below, required one of the three types:

  • Three months of payment statement from employer(s). Pay statement should be PDF format showing company info, dates, and compensation detail.
  • Three months of full bank statements showing name, date, deposits of income.
  • If worked the same job for more than a year, submit the most recent IRS transcript from:

Commission-Based Income – Applicant’s six months of bank statements showing deposits that equal three times the rent.

Business Owners – Provide paystubs from the business or three months of the applicant’s pay history via the three most recent and consecutive bank statements showing deposits that equal three times the rent.

Cash Savings – Applicant provides the most recent and consecutive three months of full bank statements showing name, date, and deposits. The average balance will be divided by 12 for monthly gross income.

House Sale – Escrow settlement from the sale of a home may be used as cash savings if the escrow is due to close before the move-in date. Management approval is required.

Household Credit Score Requirement

A score of 539 or below is automatically declined when there is only one applicant. For a household with more than one applicant, all applicants must have their credit score averaged. The average credit screening score for all applicants must be 540 or higher.

Transunion Advantage credit scores range from 300 – 850. The scores are calculated using the information in your credit report.

If household average credit score is 750 or higher, no proof of income required; only government issued ID required upon application submission.

There are many places where you can get your credit score. Your bank or credit union may offer free credit scores in their online banking systems. Checking your own credit score will not negatively impact your score. Of course, there are many websites and apps that you can check as well. Keep in mind that different companies have different credit scoring models and that we will be using your Transunion Advantage score.

* Criteria may differ by market area based on local regulations. See your leasing specialist for complete details.

No Credit History?

If there is no credit history available, approval can be granted with an approved guarantor. Please refer to the guarantor guidelines for the credit and income requirements. If there is a joint application where one of the applicants does not have any credit history, the other applicants must qualify for the home on their joint score and income alone. Applicants with a verified W-7 or ITIN will not have to secure a guarantor, however applicants must have verifiable income that meets the screening requirements and provide a copy of the W-7 or ITIN document.

Collections on a Credit Report

To qualify for the lease applicants must not have the following collections on their credit report.

  • Open or outstanding collection accounts with a household total balance greater than $2,000. Please note that student loans and medical collections are excluded from calculating collection balances.
  • Any collection to a former landlord or HOA community, even if the balance is paid in full.

Should you pay off a collections account after applying for a lease, you must wait 30 days to reapply so that the collection no longer shows on your credit report.

A guarantor is an application that cosigns the lease and will be financially and legally responsible for the lease term. A guarantor is only allowed for applications when all residents in the household do not have a credit history to verify. If one applicant in the household has a credit history, a Guarantor cannot be used to qualify residents for the home.

Guarantors are required to have a Fico Credit Score of 610 or higher. Income verification must be provided to show the annual gross income is at least 5 times the monthly rental amount of the listed home. Only one guarantor is allowed per household.

Prior Evictions, filed or enforced, may result in an automatic denial of the application even if the monetary debt was paid in full. 

A criminal background check will be completed for each applicant. The Lease Application will be denied for felony offenses of any type.

Any criminal offense, deferred adjudication, or conviction for which a person is required to register as a sex offender will be automatically declined.

Any criminal offense, deferred adjudication, or conviction of a felony offense related to the manufacturing and/or distribution of a controlled substance within the past 5 years, based on date of conviction, will be automatically declined. 

*The length of time and type of crime reviewed for criminal history may vary by jurisdiction or state.

Maymont Homes requires a security deposit based on approved credit standards. Approval without conditions, will result in a $500 security deposit requirement. Approval with conditions will result in a security deposit requirement equal to one month’s rent. At the end of the lease term, the security deposit will be returned to all tenants, less any costs incurred by the landlord for cleaning or repair of the house (excluding ordinary wear and tear) and in accordance with the terms of the lease and applicable law.

If your application is denied as a result of information provided in a credit report, you will be provided with the name, address and phone number of the credit reporting agency from which the information was obtained, and may request a copy of your credit report from the credit reporting agency within 60 days of denial.

If you are denied, no additional applicants will be added except a guarantor, if applicable.

If an applicant is denied due to a joint decision, no applicants can be removed or added to proceed with leasing a home. In these cases, the applicant will need to wait 30 days to reapply for a home.

* Updated 03/25/2024. This information may be revised, modified, or updated at any time at the sole discretion of Maymont Homes. Please contact a Maymont Homes Leasing Specialist with any questions prior to applying. We look forward to assisting you.

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