ALTERNATIVE APPROVAL

Guarantor &
Lease Guarantee
Programs

Alternative approval pathways for applicants who don't meet traditional income, credit, or screening requirements. Multiple options to fit your unique situation.

When to Use Guarantor Options

Applicant does not meet income, credit, or screening requirements

If traditional qualification criteria aren't met, guarantor programs provide an alternative path to approval while protecting property owners from financial risk.

Applicant declines a traditional guarantor

Third-party lease guarantee programs serve as an alternative when personal guarantors aren't available or preferred.

Key Talking Points

  • All guarantor and lease guarantee fees are third-party, non-refundable fees
  • Fees vary by provider, applicant risk, and property approval
  • Approval through a guarantor does not remove lease responsibility

Available Programs

OneApp

Lease guarantee with flexible payment options

FEE STRUCTURE
One-time

~1 month's rent (+ risk %)

PROCESS

Soft credit check only. Payment plans may be available.

COVERAGE

Lease guaranteed to property. Covers rent and eligible damages in event of default.

PRIMARY USE CASE

Applicants needing lease guarantee with flexible payment options

TheGuarantors

For applicants with limited or challenged credit

FEE STRUCTURE
One-time

40%-130% of one month's rent

DETERMINATION

Fee determined by applicant credit and financial qualifications

COVERAGE

Lease guarantee provided to property per program terms

PRIMARY USE CASE

Applicants with limited or challenged credit history

Leap Rent Guaranty Program (RGP)

For non-student applicants

FEE STRUCTURE
One-time

55%-90% of one month's rent

DETERMINATION

One-time upfront fee following application review. Based on credit and overall financial profile.

COVERAGE

Lease guarantee provided to property

PRIMARY USE CASE

Non-student applicants seeking rent guaranty

Leap Guarantor Waiver Program (GWP)

For full-time students

FEE STRUCTURE
Monthly

~$102.25 per month

PAYMENT

Monthly fee added to rent. Acts as alternative to personal guarantor.

COVERAGE

Guarantor waiver coverage for student applicants

PRIMARY USE CASE

Full-time students who need an alternative to a personal guarantor

Leap Deposit Replacement

Optional monthly premium instead of security deposit

FEE STRUCTURE
Monthly

Starting at ~$5 per month

PAYMENT

Monthly premium in place of traditional security deposit

IMPORTANT NOTE

Deposit replacement does not substitute for rent guaranty unless paired with another program

PRIMARY USE CASE

Applicants avoiding large upfront security deposits

Lighthouse Guarantor Options

Multiple approval alternatives

FEE STRUCTURE
Varies

$50-$55 processing + up to 100% of one month's rent

OPTIONS

Application/guarantor processing fee plus third-party guarantor service fees based on risk

ALTERNATIVES

May include additional deposits or increased upfront rent as approval methods

PRIMARY USE CASE

Properties offering multiple approval alternatives for diverse applicant profiles

Quick Comparison

ProgramFee StructureTypical CostPrimary Use Case
OneAppOne-time~1 month's rent (+ risk %)Flexible payment lease guarantee
TheGuarantorsOne-time40%-130% of 1 month's rentLimited/challenged credit
Leap RGPOne-time55%-90% of 1 month's rentNon-student applicants
Leap GWPMonthly~$102/monthFull-time students
Leap Deposit ReplacementMonthlyFrom ~$5/monthAvoiding large deposits
Lighthouse OptionsVaries$50-$55 + up to 100% rentMultiple approval alternatives

Important Reminders

Never Quote Exact Pricing

Fees are finalized by the provider based on individual applicant profiles and property requirements.

Document Selection

Always document which option the resident selects for compliance and record-keeping purposes.

Direct Fee Questions

Direct detailed fee questions to the guarantor provider for accurate, up-to-date information.

Find the Right Program for You

Our team can help you determine which guarantor program best fits your situation.