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Old 09-17-2019, 05:01 AM
 
Location: Manhattan
29 posts, read 5,884 times
Reputation: 11

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Good morning everyone ,
Yesterday I was reached out by a housing connect building 540west 53rd street which was odd because they closed that application down in 2018 of December (10 months later). But I just wanted someone to enlighten me and answer a few questions for me if they have answers or just tell me the best route to go.. Thanks !!

Q1) My log # is 20,??? with it being so high do you guys believe I still have a chance of getting a apartment or do you think they’ll just put me on the waiting list? (has anyone ever won a apt with a high log number?)

Q2) I know they can’t disqualify you because of bad credit alone anymore but I do have bad credit around 550 range due to my student loans smh *ALL CLOSED ACCOUNTS* ($8000). But I do have a consistent payment arrangement with my loaners to where they take out 250$ a month out my account starting May of 2019 *so for 4 months* (which my bank statements will show) should I still go to the interview?? (Has anyone ever won a apartment with this issue?)

My interview is in the beginning of October and I’m kind of nervous because I do want this apartment badly. It will be me by myself. I work for a hospital so I make good money and I been there for quite some time so the employment part is good. I’m just tired of living with my parents and I want to branch off on my own .. Can anyone help me ? Thank u for reading
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Old 09-17-2019, 12:13 PM
 
Location: New York, NY
2,830 posts, read 2,396,972 times
Reputation: 1762
Question 1 - Yes, you absolutely have a chance with that log number. I was called with a similar log number high in the 20,xxx for a development in Queens, which was offered to me but I turned down.

Question 2 - You should go to the interview regardless. I think debt to income ratio is factored in, but I'm not really sure these days as they've changed the rules.

Can I ask what your AMI is?

I would love to be called for that development! Good luck!
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Old 09-17-2019, 02:59 PM
 
Location: Manhattan
29 posts, read 5,884 times
Reputation: 11
Quote:
Originally Posted by stormgal View Post
Question 1 - Yes, you absolutely have a chance with that log number. I was called with a similar log number high in the 20,xxx for a development in Queens, which was offered to me but I turned down.

Question 2 - You should go to the interview regardless. I think debt to income ratio is factored in, but I'm not really sure these days as they've changed the rules.

Can I ask what your AMI is?

I would love to be called for that development! Good luck!
Okay thank you storm so you definitely made me feel a little better about my high number lol .. and Im 80% AMI .. I live in the community board as well which they say is a 50% which I was a little happy for.. Its just my credit that scares me but I have been making payments , so hopefully they take in consideration lol.. How long was your process like? can you tell me.. do you like the apt?? info lol
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Old 09-18-2019, 09:46 AM
 
Location: New York, NY
2,830 posts, read 2,396,972 times
Reputation: 1762
Quote:
Originally Posted by Ashanti720 View Post
Okay thank you storm so you definitely made me feel a little better about my high number lol .. and Im 80% AMI .. I live in the community board as well which they say is a 50% which I was a little happy for.. Its just my credit that scares me but I have been making payments , so hopefully they take in consideration lol.. How long was your process like? can you tell me.. do you like the apt?? info lol
The initial process starts out slow but then goes by very fast, so have your deposit and first rent payment ready! The interview is basically just gathering paperwork. If all of your paperwork is in order, then you're good to go.

If your credit score is below 580, they cannot reject you unless you've had a landlord eviction, bankruptcy within the last 12 months, open or unsatisfied delinquencies, collections, money judgments, and liens exceeding $5,000 in total. (But none of the above applies with student loans or medical bills, so you're good!)

My whole interview process took around 8 months. The apartment and location are great, but now I'm looking for better - possibly market rate.

Best of luck!
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Old 09-18-2019, 07:19 PM
 
Location: Manhattan
29 posts, read 5,884 times
Reputation: 11
Quote:
Originally Posted by stormgal View Post
The initial process starts out slow but then goes by very fast, so have your deposit and first rent payment ready! The interview is basically just gathering paperwork. If all of your paperwork is in order, then you're good to go.

If your credit score is below 580, they cannot reject you unless you've had a landlord eviction, bankruptcy within the last 12 months, open or unsatisfied delinquencies, collections, money judgments, and liens exceeding $5,000 in total. (But none of the above applies with student loans or medical bills, so you're good!)

My whole interview process took around 8 months. The apartment and location are great, but now I'm looking for better - possibly market rate.

Best of luck!
Oh then Iím fine I donít have none of those issues ! Thank you so much. I have to let u know how it goes too .. and thatís not so bad.. I thought it would take years lol but thank u so much!
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Old Today, 04:47 PM
 
5 posts
Reputation: 10
Quote:
Originally Posted by stormgal View Post
The initial process starts out slow but then goes by very fast, so have your deposit and first rent payment ready! The interview is basically just gathering paperwork. If all of your paperwork is in order, then you're good to go.

If your credit score is below 580, they cannot reject you unless you've had a landlord eviction, bankruptcy within the last 12 months, open or unsatisfied delinquencies, collections, money judgments, and liens exceeding $5,000 in total. (But none of the above applies with student loans or medical bills, so you're good!)

My whole interview process took around 8 months. The apartment and location are great, but now I'm looking for better - possibly market rate.

Best of luck!
Great information!!! Thanks so much
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