Be informed
before you apply!
Settled Nomad Homes
Qualification Requirements:
Please review the rental criteria below before completing your application. Please be aware that SN Homes receives multiple applications per property. As a result, all applications are processed on a first-come, first-serve basis. SN Homes only reviews and considers completed applications. Applying to lease a property from SN Homes does not guarantee approval or create a binding lease agreement for the home. Approved applications will only be valid for 30 days from the approval date.
However, please note that each property will only be held for 48 hours after resident qualifications.
APPLICATION TERMS:
- Primary Applicant / Co-Applicant: All individuals aged 18 and over who will reside in the home, are financially responsible for making lease payments, and will sign the lease agreement and uphold the lease obligations. The applicant who starts the application process is referred to as the “Primary Applicant.” All others with similar responsibilities are referred to as “Co-Applicants.”
- Adult Occupant: All individuals aged 18 and over who will reside in the home who are not financially responsible for making lease payments but must uphold all other lease obligations. All adult occupants will undergo a standard criminal background screening.
- Non-Resident Guarantor: An individual aged 18 and over who will be financially responsible for lease payments but does not reside in the home. The Non-Resident Guarantor will be required to sign the Lease Agreement. Guarantors may be accepted for those applicants who do not meet certain financial qualification requirements.
A COMPLETED APPLICATION CONSISTS OF:
- A filled out and submitted application via the secureSN Homes application portal, including all individuals 18 years or older who will be occupying the home. All sections of the application must be completed for the application to be processed. This includes all required documents under the employment/income verification section below.
- A clear and legible copy of a valid & up-to-date government-issued photo I.D. document must be uploaded in pdf, jpg, jpeg, or png format. Acceptable forms of I.D. include:
- State-issued driver’s license
- State-issued identification card
- U.S. Passport or Passport Card
- U.S. Permanent Resident Card
- Valid foreign passport (must provide a valid work visa issued by the U.S.)
- Payment of all necessary fees (see “Fees” section below); and
- Completion and passing of criminal, rental, and credit history background checks
- Completion of a third party pet screening (see Pet Policy below).
Please get started by selecting a profile category on our landing page: https://settlednomadhomes.petscreening.com/
Please allow 24 to 72 hours for your application to be processed. If an application is submitted during the weekend or a holiday, that application will be processed the following business day. If you need to call back with more information regarding your application, please do so within this time frame.
Please remember to stay safe on the web and avoid rental fraud. Our rental applications can only be submitted through our secure online portal at settlednomadhomes.com.
SN Homes reserves the right to request additional documentation at any time during the screening process to validate applicant(s) disclosed qualification requirements. By signing and submitting an application via the SN Homes website, the applicant consents to such additional documentation requests, which may be necessary to review and validate applicant qualifications.
OCCUPANCY LIMITS:
The allowable occupancy cannot exceed two persons per bedroom plus one additional person per home unless dictated by local, state, or federal law.
| Number of Bedrooms: | Occupancy Standard: |
|---|---|
| One Bedroom | Three Persons |
| Two Bedrooms | Five Persons |
| Three Bedrooms | Seven Persons |
| Four Bedrooms | Nine Persons |
| Five Bedrooms | Eleven Persons |
Employment & Income Verification
Applicants must have a minimum combined, verifiable gross income of 3.0 times* the monthly rent amount. All applicants must provide their previous month’s pay statements/stubs and the prior two months’ personal bank statements. Additional income documentation may be requested for verification purposes. All income documentation must be uploaded in pdf form. Employment will be independently verified during the screening process. Any delayed response to the employment verification request may result in a delay or declination of the application approval.
See below for more information on the income verification requirements based on employment status:
| Employment Status: | Employee Verification Requirements: |
|---|---|
| Currently Employed |
Pay stubs for the last 30 days (Weekly pay period = 4 paystubs, Bi-Weekly = 2 paystubs, Monthly = 1 paystub), AND 2-months worth of bank statements. Applicants who have been with their current employer for fewer than 30 days shall provide all paystubs received AND an Employment Verification Letter confirming the date of employment and the terms of compensation. |
| Future Employment (starting a new job) | Signed and dated offer letter on official company letterhead with the hourly rate (specifying how many hours will be worked each week) or annual salary. Must include start date along with any recent paystubs from current employer. The start date must be within 30 days of application submission. Employment letters with conditional employment clauses may not be accepted. |
| Self-Employed | Business must have been in operation for at least 90 days prior to the application date. Three months of most recent bank statements AND a copy of the business license evidencing ownership. |
| Retired | Current statement showing pension, IRA, or any other supporting retirement income from the issuing agency, AND three months of most recent bank statements showing the deposits of retirement income. |
| Social Security, Disability, GI, or other benefits | Award letter, a statement from the issuing agency, or a recent bank statement showing deposits. |
| Child Support and Alimony | Award letter (if available) AND three months of most recent bank statements showing the deposits of support. |
| Financial Aid | Formal financial aid documentation that specifically reflects room & board allowance. Aid must be currently active. |
Bank statements MUST be uploaded in original PDF format obtained directly from a financial institution.
*Underwriting requirements may vary by client and are subject to state and local laws
**Housing Choice vouchers may be accepted based on property and location**
***Additional documentation may be requested in addition to the documents listed above.
Credit Requirements
A credit report will be obtained from a third-party agency on all applicants who are financially responsible for lease payments. Collections, charge-offs, absence of credit, foreclosures, repossessions, inquiries, and delinquencies may be considered during the credit report review. In order to qualify, all applicants must have a credit score of 560 or higher, subject to local or state laws. All bankruptcies must be closed for at least 30 days for an application to be considered. Open bankruptcies or two or more bank bankruptcies within the past seven years shall be cause for application declination.
Credit ratings shall determine security deposit levels as shown below:
| Credit Score: | Deposit: |
|---|---|
| 560-579 | 2 months security deposit** |
| 580-599 | 1.5-months security deposit |
| 600 or higher* | 1-month security deposit |
*Non-Resident Guarantors, regardless of state/city, are required to have a credit score of 650 or higher and must earn 5x the monthly income.
**If no credit score is available AND no credit report is available, the application may still be considered, but the applicant(s) must earn a gross monthly income equal to 5.0 times the total rent for the home selected, and a 1.5-month security deposit would be required if approved, subject to state and local laws.
Rental History
Applicants’ rental history shall be evaluated for an approval determination, subject to all state and local laws.
Applicant(s) that reflect Landlord/Tenant records of any kind and rental housing related civil judgments within 5 years of the application date are automatically declined.
Criminal History
A criminal history verification will be conducted for all applicants over the age of 18 using a third-party agency. The application will be denied for the following criminal convictions/records:
- Any felony conviction/record within the past seven years
- A felony conviction/record for certain types of violent crime(s), arson offenses, robbery-related offenses, drug sale and manufacture offenses, and/or non-forcible sexual crimes within the past ten years
- All forcible sexual crimes and sex offender registrants will be declined regardless of time.
- An OFAC (Office of Foreign Assets Control) search report will be completed for each application. Any applicant that appears on an OFAC list is subject to automatic denial.
Applicants with misdemeanor convictions will be reviewed, on a case by case basis, and approved at the discretion of SN Homes.
These requirements do not constitute a guarantee or representation that residents or occupants currently residing in our homes have not been convicted of or are subject to deferred adjudication for a felony, certain misdemeanors, or sex offense requiring registration under applicable law. There may be residents or occupants that have resided in one of our homes before the implementation of this policy. SN Home’s ability to verify this information is limited to the information made available by the applicant and third-party credit reporting services utilized. Applicants and/or residents who are convicted of any of the above-listed offenses after lease application may be subject to the forfeiture of all fees paid to reserve the home or eviction if the conviction/record occurs after occupancy.
Application Denial
Failure to provide all required documentation will result in a denied application and the forfeiture of all fees paid to reserve the home. Any determination of falsification of an application is grounds for immediate and automatic denial, as well as forfeiture of all fees paid to reserve the home and will deny the right of future occupancy.
Applicant(s) that reflect Landlord/Tenant records of any kind and rental housing related civil judgments within 3 years of the application date are automatically declined.
Pet Policy
A maximum of three pets is allowed in the home.
- Pet Qualification: PETSCREENING IS A REQUIRED PART OF THE APPLICATION PROCESS FOR ALL APPLICANTS:
To help ensure ALL of our residents understand our pet and animal-related policies, we use a third-party screening service and require EVERYONE to complete a profile (No Pet/Pet/Animal). This process ensures we have formalized pet and animal-related policy acknowledgments and more accurate records to create greater mutual accountability. Please get started by selecting a profile category on our landing page: https://settlednomadhomes.petscreening.com
- Pet Fee*: Pet owners are required to pay a non-refundable pet fee of $350 for one per qualified** pet, in addition to paying the $35 per pet, per month fee during their lease.
- ALL animals on the premises are required to have up-to-date vaccination. Applicants must submit vaccination records, along with other application documents, via the resident portal.
- Dog Breed Restrictions: Breed restrictions vary by client and are subject to all local and state laws. See list below.
- Livestock and exotic animals are not permitted on the premises or within the home. Exotic animals include but are not limited to snakes, spiders, lizards, and mice. Livestock animals include but are not limited to chickens, cows, goats, pigs, and roosters.
*Pet fees are subject to all local and state laws.
** Pet must be Qualified through SH Homes third party vendor, PetScreen.
Please get started by selecting a profile category on our landing page: https://settlednomadhomes.petscreening.com
| Dog Breed Restrictions: |
|---|
| Akita |
| Bullmastiff or Mastiff |
| Chow |
| Alaskan Malamute |
| American Bulldog |
| Doberman |
| German Shepherd |
| Husky or Siberian Husky |
| Wolf Dog/Wolf Hybrid |
| Bull Terrier or Pit Bull Terrier |
| Rottweiler |
| Pit Bull |
| Any combination of these or any dog that has any of the above breeds lineage. |
Fees
- Application fee(s) (if applicable)– $50* per adult occupant.
Application fees are non-refundable.
- Holding fee – All approved applicants must log in to the application portal and secure the home of choice within 24 hours of approval. All applicants are required to place a $250* holding fee prior to having a lease generated.
- The $250* holding fee becomes non-refundable once the holding fee payment is made. The holding fee will be credited towards the security deposit or other initial fees due 72 hours prior to the lease start date.
- If you have not visited the home, please note the $250 holding fee will not be refunded in the event the home does not meet your needs**
- Please note you may transfer your holding fee to up to 1 home after the payment.
- Please note that the first applicant to pay the holding fee will reserve the home.
- Administrative fee – $180 to be due with a holding fee.
- Pet fee(s) (if applicable) – This fee will be due when the administrative fee is due.*
- Resident Benefits Fee – Please see below.
Resident Benefits Package
All SN Homes residents are enrolled in the Resident Benefits Package (RBP) for $45.95/month which includes:
- Move-in concierge service: one call set up your utility services, cable, and internet services
- A resident rewards program that helps you earn rewards for paying your rent on time
- Renters Insurance that meets all lease requirements from an A-rated carrier (see renter’s insurance requirements)
- HVAC air filter delivery directly to your door approximately every 60 days
- Credit building to help boost your credit score with timely rent payments
- $1M Identity Protection for all adult leaseholders
Renters Insurance
requirements and options
The Landlord requires Tenant to obtain liability coverage of at least $100,000 in property damage and legal liability from an A-rated carrier and to maintain such coverage throughout the entire term of the lease agreement. Tenant is required to furnish Landlord evidence of the required insurance prior to occupancy, at the time of each lease renewal period, and upon request.
To satisfy the insurance requirement, Tenant may either (1) be automatically enrolled into a policy that satisfies the coverage requirements as part of the Resident Benefits Package; or (2) obtain alternative liability coverage from an insurer of Tenant’s choice. The option Tenant chooses will not affect whether Tenant’s lease application is approved or the terms of Tenant’s Lease.
Option 1: Do nothing. Tenant will be automatically enrolled into an insurance policy as part of the Resident Benefits Package. No further action is required. Coverage will begin on the effective date of Tenant’s lease and continue throughout the lease term. Please refer to the evidence of insurance that is supplied by Settled Nomad Homes for additional coverage details. The Resident Benefits Package monthly rate will be adjusted by the premium amount in the policy.
Option 2: Buy a policy. If Tenant prefers, Tenant may find, purchase, and maintain another policy that satisfies the Landlord’s requirements. The Resident Benefits Package monthly amount will be adjusted accordingly. Visit http://insurance.residentforms.com/ and follow the instructions listed there to provide evidence of the required insurance coverage to your Landlord.
Please be sure that your policy meets the following criteria prior to submitting:
- Policy is purchased from an A-rated carrier
- Policy meets or exceeds the required $100,000 in property damage and legal liability
- Settled Nomad Homes is listed as additional interest
- Settled Nomad Homes address is listed as: PO Box 660121 Dallas, TX 75266
NOTE: The total monthly cost of the Resident Benefits Package is all-inclusive, and no discounts will be given if any element of the package is unavailable due to a lack of HVAC or another limitation at a specific property.
Homeowner Associations
If a property is located in a community governed by an HOA, the HOA may have its own resident and lease approval process. SN Homes approval of the lease application shall be subject to the HOA’s approval, and the HOA may require additional information and documentation. HOA approval may take up to 30 additional days to process. Please plan accordingly and contact us for more details.
Disclosures
SN Homes does business in accordance with the Federal Fair Housing Law (The Fair Housing Amendments Act of 1988). Agents understand that it is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin. This applies to the sale or rental of housing or residential lots. It also applies to advertising, the sale or rental of housing, and the financing or appraisal process. In addition, blockbusting is illegal. To assure residents or buyers that we don’t discriminate, we display Equal Housing Opportunity posters in our office and have its logo printed on our application forms.
By submitting this application, the applicant(s) acknowledge(s) and accept(s) that the lease application will be approved or rejected based on the information above, and that a completed application(s), even if accepted/approved, shall under no circumstance be considered a lease agreement between applicant(s) and Landlord. Falsification of any information on the lease application, provided documentation, or incomplete documentation will result in a decline of the application. Applicant(s) also agree(s) to submit all documents necessary to complete the application within 72 hours of the application date. All information must be verifiable.
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