Application Process

Foundation Homes Application Process

To qualify, you must:

1. Pass a credit check (score of 700 or above)
2. Pass an eviction check
3. Prove 3x monthly rent in gross, legal and verifiable household income (*voucher holders see below)
4. Prove positive rental or mortgage history
5. Complete a Pet Profile for each pet via PetScreening.com (Pet Admin fee of $60-$100/month required for most participating rentals; see below)

Following please find the Foundation Homes rental guidelines and conditions for application submission. We strive to offer a clear and understandable rental application process. We comply with all Fair Housing standards. All verifiable sources of income will be considered. Pursuant to Cal. Govt. Code §12955(o), for applicants with rental vouchers or subsidies, the income threshold will be calculated based on the amount of rent that will be paid by the tenant (not the entire rent amount). Please review the rental policies and instructions for submission below. We invite you to submit your application if you believe you meet the qualifying conditions. Complete applications and offers to lease are presented to the owner as we receive them.

ANIMAL POLICY: Pet may be considered on a case-by-case basis for well-qualified applicant(s) unless otherwise noted. Pet Application and monthly Pet Admin fee for approved pet(s) are required unless otherwise noted. Monthly pet admin is $60 per approved cat and/or $100 per approved dog unless otherwise noted for participating properties. Assistive animals are always permitted and are approved with legal documentation. No Pet Admin fee applies for Assistive animals. Individual terms may vary based on property owner; please inquire if you have questions.

Please note time is of the essence when applying to lease a property.

Properties will remain on the market during the application process and until the lease documents are fully executed and complete move-in funds received. We do not accept holding deposits.

To apply, please follow these instructions:

• Please submit one complete and signed application per adult, regardless of relationship or income.
• Please submit $55.00. Processing Fee per adult.
• Please submit income verification to our office. Additional Info: Policy information: Income Verification Chart
• Please be prepared to provide ID.
• Please be prepared to complete a Pet Profile via PetScreening.com for each pet (as applicable).The pet application fee is $0 for assistance animal accommodation requests.

You may submit the application and payment on-line on our website; income verification or applications can be submit in person at our Kentfield office located at 925 Sir Francis Drake Blvd, Suite A, or you may submit via fax at (415) 520-0805. If you have additional terms with your offer please provide in writing as well.

Identification
Proof of identity is required. A Government issued photo I.D. must be presented when signing the lease. For international applicants, a color copy of each passport must be submit.

Processing Fees
We require a $55.00 Processing Fee per adult. Acceptable forms of payment include cash, check (payable to Foundation Homes), or credit card via online application. If an application fee is received but the application is not processed, the fee will be refunded.

The Processing Fee pays for the following cost incurred by Foundation Homes Property Management:

• Cost of credit report, unlawful detainer (eviction) search, and/or other screening reports from our provider – $35.00
• Cost to obtain, process and verify screening information (may include staff time and other soft costs) – $20.00++
• Minimum Cost to Foundation Homes Property Management $55.00+
• Paid Third Party Verifications, such as the Work Number, are the applicant’s financial responsibility and are not covered in the $55.00 screening fee.

Application fees are non-refundable after an application has been screened.

Credit Criteria
Foundation Homes will pull a credit report for each individual applicant 18 years of age or older. A credit report supplied by any other source will not be accepted. To qualify per our published standards all applicants need a credit score of 700 or above from our credit report provider.

Medical delinquencies, or a low or no credit score due exclusively to lack of credit lines, may be conditionally approved if all other screening criteria is met and there are no other delinquencies on the credit report.

Applicants are entitled to a copy of their credit report and may pick up from our office or credit provider with a request submit in writing. Government issued ID required.

Applications
Every adult 18 years of age or older applying to live at the property must complete and sign (either physically or electronically if applicant elects to apply online) an individual application. This is required regardless of marital status, relationship, or income. There will be no exceptions.
Applications will not be considered with incomplete information. A $55.00 per person non-refundable Processing Fee must be submit with all applications, including – if applicable – any application for a guarantor. If a guarantor will be needed or required, he/she must also submit and sign a complete application. The acceptance of a guarantor is subject to individual Owner approval or denial . We do not encourage applying for properties “sight unseen.” An incomplete application will not be considered. Applications submit without the full application fee will not be considered.

Lease Signing
Upon acceptance, please expect to sign a lease and deliver complete move-in funds within 24 business hours . Foundation Homes will continue to show the property and present any other rental offers that may be submit until the lease documents are fully executed and complete move-in funds received. All move in funds are to be paid in the form of a cashier’s check, wire transfer or money order, payable to Foundation Homes Broker Trust. Personal checks are not acceptable.
ALL move-in funds (first month’s rent and security deposit) are required at lease signing. The property will not be taken off the market until all funds are received and the Landlord has signed and accepted the lease.

Applications to lease will be evaluated as follows:

Please note: THIS IS GENERAL CRITERIA. ACTUAL REQUIREMENTS ARE MADE BY THE INDIVIDUAL PROPERTY OWNER.

Credit Criteria

Foundation Homes will pull a credit report for each individual applicant 18 years of age or older. A credit report supplied by any other source will not be accepted. To meet our suggested qualifying criteria applicants should have a credit score of 700 or above.

Applicants are entitled to a copy of their credit report and may pick up from our office or credit provider with a request submit in writing. Government issued ID required.

Income Criteria

An applicant’s total gross household monthly income must be at least three times the monthly rent. All verifiable sources of income will be considered. Pursuant to Cal. Govt. Code §12955(o), for applicants with rental vouchers or subsidies, the income threshold will be calculated based on the amount of rent that will be paid by the tenant (not the entire rent amount). Following are acceptable forms of income verification : Employed applicants must submit the two most recent and consecutive paystubs. Applicants relocating for a new job must submit the signed and verifiable offer letter stating start date and salary. Self-employed applicants or applicants who receive income in a form other than traditional employment or self-employment must provide the most recent tax return along with six months bank statements. Name and account number must be printed on the statements. Additional documentation may be required. Alternately an applicant may submit a substantial and verifiable savings or investment portfolio showing a gross sum at least three times the entire lease term. Name and account number must be printed on the statements. Applicants with rental vouchers or subsidies should submit sufficient, verifiable supporting documentation to confirm the voucher and/or subsidy. Please review our visual aide: FH Income Verification Chart.pdf  if you have any questions abut how to qualify. Foundation Homes will verify all income. Income that cannot be verified will not be considered.

Reference Criteria

Two landlord references are required on your application. If non-applicable, proof of homeownership is required. Foundation Homes will also perform an Eviction Check. Failure to disclose, hide, or otherwise falsify a previous landlord reference will result in an automatic application denial.

If you feel you meet the above requirements we welcome your application!

If you would like to apply on-line follow this link below to begin the application process. A complete application is required: if a field does not apply to you, please type “N/A”. Don’t hesitate to call any of our agents if you have any questions: (415) 507-9600.

Click Here to Begin Application Process

Office: 415-507-9600 | Fax: 415-520-0805 | contact@foundationhomes.com 925 Sir Francis Drake Blvd., Suite A, Kentfield, CA 94904