Minimum Income Requirement
You must have verifiable monthly income of at least three times the amount of the monthly rent payment. You also must have been with your current employer for a minimum of six months.
For example, if the monthly rent payment is $1000, then your minimum monthly household income must be at least $3,000/month.
Income Verification
If any of the following situations apply to you, then additional documentation will need to be submitted with your application in order to verify your income.
You must have verifiable monthly income of at least three times the amount of the monthly rent payment. You also must have been with your current employer for a minimum of six months.
For example, if the monthly rent payment is $1000, then your minimum monthly household income must be at least $3,000/month.
Income Verification
If any of the following situations apply to you, then additional documentation will need to be submitted with your application in order to verify your income.
- If we are unable to receive income verification from your employer → recent payroll verification (past 2 months)
- You are relocating from outside of the Des Moines metro area → proof of employment, income, and bank statements (past 2 months)
- You own your own business → copies of personal tax returns (past 2 years) and bank statements (past 2 months)
- You rely on government grants or assistance as a source of income → documentation proving this income source
