Jetty
Conditionally Approved with Jetty
In this Article
What is Conditional Approval?
The credit score threshold for an approved application is 660 or higher.
If your credit score falls below 660, Real Property Management Express offers a solution for renters that do not meet our standard requirements through Jetty!
Credit Score & Income Scale for Approval
Credit Score | Income Required | Resident Benefits Package | Coverage |
660+ | 3x Rent to Income | 1.5% | Cash Deposit or Alternative |
620-659 | 3.5x Rent to Income | 3% | 2x Rent with Jetty* |
600-619 | 4x Rent to Income | 4% | 2x Rent with Jetty* |
550-599 | 4.5x Rent to Income | 4.5% | 2x Rent with Jetty* |
549 and below | Denied |
*In the state of Iowa, you may pay up to 2x Rent in a cash deposit if you do not wish to use Jetty.
What's Jetty?
Jetty Deposit is a financial agreement between you, your property, and Jetty. For a small non-refundable premium, Jetty protects your property from lost rent or property damage, and you save on move-in costs.
Click the link below to view more information about Jetty.
Next Steps
1. Real Property Management Express will send an Adverse Action Letter.
- This is an official notice of denial of your application for standard approval.
Receiving an Adverse Action Letter can be confusing -- especially when you may still be conditionally approved! So why do we do this? We want to make it very clear that the application cannot be approved on its own, and renter solutions like a co-signer or Jetty, are required to proceed.
2. Apply for Jetty! Click the link below to apply.
3. Email us with this information:
- Desired Move-In Date
- Note: This must be within 2 weeks of the availability date.
- Desired Lease Length
- Note: The marketed rent amounts are for a standard 12-month lease and/or lease that ends during optimal leasing seasons. Rent quotes are subject to change with changes to lease length. Some properties have more flexible lease options than others.
4. Real Property Management Express will send you a lease with your provided information.
5. Sign your lease and pay the Documentation Preparation Fee.
6. Real Property Management Express will finalize Jetty Coverage and your lease!