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Williamsburg on the Lake
1000 Portsmouth Drive
Elkhart, IN 46517
574/294-7472
Williamsburg on the Lake, Elkhart


Credit Criteria

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  1. CREDIT CRITERIA*

    Effective: October 1, 2005

    1. For the twelve (12) months immediately prior to the date of application, only I1, R1, I2, R2, I3, R3 or their equivalent will be acceptable. Any rating below this will be unacceptable and will cause the application to be rejected.

    2. Any ratings, or amounts still owing, from longer then twelve (12) months prior to the date of application shall be disregarded.

    3. All medical, regardless of dates or amounts owing, shall be disregarded. .

    4. All accounts with Fitness USA (National Credit), regardless of dates or amounts owing, shall be disregarded.

    5. Under the Williamsburg Credit Criteria, if credit has not yet been established, it will be considered the same as acceptable credit. .

    6. Bankruptcies must be discharged.

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ALTERNATIVES

A. If the applicant (s) is unable to meet the above credit criteria, they may be approved by paying an additional security deposit equal to one months rent.

Once the applicant(s) has qualified by credit, or by Alternative A, Williamsburg will proceed with the Landlord Criteria verifications, if applicable.

Landlord Criteria


Effective: October 1, 2005

1. No rental payments made later than ten (10) days from the date the rent is due.

2. All damages and move out charges must have been paid in full. There must
not be any outstanding balances.

3. All reporting landlords must indicate that they would re-rent to the applicant again.

4. Mortgages must be rated a M1 or M2 on the credit report.

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1 Bdrm 

- 700 sq. ft.  

- $537 - $567/mo.

2 Bdrm 

- 890 sq. ft.  

- $632 - $672/mo.

2 Bdrm TH 

- 1,000 sq. ft.  

- $711 - $729/mo.

3 Bdrm TH 

- 1,190 sq. ft.  

- $842 - $860/mo.