Application
and Credit Policy

Print Out & Mail Completed Application To:
P.O. Box 151 West Mystic, CT 06388

Print Out & Mail Completed Application To:
P.O. Box 151 West Mystic, CT 06388

Criteria

Note that each occupant 18 and older must meet all the criteria described herein.
Can each applicant/occupant afford the rent? The ability to pay is determined by a minimum one (1) week’s net income = to monthly housing payment
Total debt (including housing payment and lot rent) divided by the total income
not to exceed 40%
Verification of income: proof of income (pay stub and/or last year’s tax return) is
required
Credit report obtained by our firm from a credit reporting agency; minimum FICO score of 650
Landlord reference (if applicable)
A non-refundable application fee of $50 for each occupant 18 and older is required
Home must be owner occupied and occupied as primary residence

Applications: Incomplete application and/or false information on application;
Landlord Reference: Any one (1) major complaint from a current or former landlord
Credit Report: One (1) 90-day or greater delinquency, charge-off, collection, skip or civil suit; Any repossession, tax lien or bankruptcy; Four (4) or more 30-day delinquencies; Three (3) or more 60-day delinquencies; Any combination of four (4) 30-day or 60-day delinquencies;
Court Records: One (1) eviction for non-payment or cause; One (1) case for property damage, disturbance, nuisance, foreclosure, criminal, or other cause.
Debt to Income: Total exceeds 40%, or one week’s net income is less than the monthly housing payment.

Print Out & Mail Completed Application To:
P.O. Box 151 West Mystic, CT 06388