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APPLICATION SCREENING CRITERIA

Application Requirements

Amax Investments will look at the following areas when determining the eligibility of an applicant. An application will not be processed until all applicants living in the home over 18 years of age have submitted an application and paid the application fee (per occupant) of $45. Applications for rental properties will be accepted on a first come, first serve basis and are subject to the availability and location requested.

Social Security Number

Photo ID (Gov't Issued)

Verifiable Income

Email Address

Phone Number (can receive SMS text)

Income

Income-to-Rent Ratio

DECISION TOTAL MONTHLY INCOME OF APPLICANT(S)
Approved At least 3 times monthly rent
Automatic Denial Less than 3 times monthly rent

Estimated Disposable Income after Debt and Rent

DECISION TOTAL ESTIMATED DISPOSABLE INCOME AFTER DEBT AND RENT
Approved At least $500.00
Automatic Denial Less than $500.00

Credit History

Credit Score

DECISION SCORE
Approved 650 or higher
Manual review required 550-649
Automatic denial 549 or lower
Manual review required No Credit File/Score

Bankruptcies

DECISION BANKRUPTCIES
Manual review required Any discharged bankruptcies within the last 7 years
Manual review required Any open bankruptcies

Accounts in Collection

DECISION ACCOUNTS IN COLLECTIONS
Manual Review Required 1 or more accounts in collections
Automatic Denial 3 or more accounts in collections

Calculation excludes medical and student accounts. Any collection accounts with utility companies (Ameren, City of Columbia, Mediacom, etc.) must be cleared up before approval.

Rental History

Evictions (Judgments Only)

DECISION EVICTIONS
Approved with co-signer Any eviction judgments within the last 5 years

Criminal History

Felonies

DECISION CRIMES EXAMPLES OF OFFENSES*
Automatic denial Any drug trafficking/manufacturing within the last 7 years Heroin, methamphetamine, prescription, other hallucinogens, etc. (excluding marijuana)
Automatic denial Any other crimes against persons within the last 7 years Assault, harassment, domestic violence, kidnapping, child abuse, endangerment
Automatic denial Any other crimes against property within the last 7 years Animal cruelty, larceny, theft, burglary, arson, vandalism, graffiti, criminal trespassingS OF OFFENSES*
Automatic denial Any other crimes against society within the last 7 years Solicitation, prostitution
Automatic denial Any financial non-violent offenses within the last 7 years Embezzlement, money laundering, blackmail, bribery, bad/worthless checks
Automatic denial Any sexual offenses within the last 7 years Rape, sodomy, child abuse (sexual in context), indecent exposure
Automatic denial Any violent offenses within the last 7 years Murder, non-negligent manslaughter, aggravated assault, forcible rape, breaking and entering, robbery
Automatic denial Any weapon offenses within the last 7 years Brandishing, concealed/carry violations, illegal possession

*The following are examples of offenses that could fall under the available categories in the Crimes menu. Please note, this is a sample set and may not represent all possible named offenses.

Misdemeanors

DECISION CRIMES EXAMPLES OF OFFENSES*
Automatic denial Any drug trafficking/manufacturing within the last 7 years Heroin, methamphetamine, prescription, other hallucinogens, etc. (excluding marijuana)
Automatic denial Any sexual offenses within the last 7 years Rape, sodomy, child abuse (sexual in context), indecent exposure
Automatic denial Any violent offenses within the last 7 years Murder, non-negligent manslaughter, aggravated assault, forcible rape, breaking and entering, robbery
Automatic denial Any weapon offenses within the last 7 years Brandishing, concealed/carry violations, illegal possession

*The following are examples of offenses that could fall under the available categories in the Crimes menu. Please note, this is a sample set and may not represent all possible named offenses.

Registries

DECISION REGISTRY
Automatic Denial Listed on sex offender registry
Automatic Denial Found in OFAC/terrorist database records
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