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Many landlords will only consider prospective tenants with decent credit scores. However, some private landlords who are eager to fill empty rentals quickly may advertise “no-credit-check” apartments. In other cases, smaller family-owned buildings just don’t have the same documentation requirements as bigger complexes handled by property managers or brokers. Even if the building you’re interested in does require a credit check, there may be ways to get around it.

If you have bad credit or no credit, we’ll explain all the ways you can still rent an apartment.

•  Renting with bad credit or no credit is possible through no-credit-check apartments, which are often managed by private landlords who prioritize consistent rent over credit checks.

•  Strategies include finding a cosigner, paying a higher security deposit, or providing proof of financial stability.

•  Subletting or sharing an apartment can bypass credit checks, as these arrangements often require less documentation.

•  Building credit history by becoming an authorized user on a credit card or paying bills on time could improve rental prospects.

•  Being honest about credit issues and providing references from previous landlords may help secure a rental agreement.

Are There No-Credit-Check Apartments?

A handful of landlords will rent an apartment without a credit check. However, apartment hunters should approach advertised “no-credit-check apartments” with caution. The term can sometimes be code for “these units are problematic,” or “this landlord is difficult,” or even “this is a scam.”

Sometimes, however, private landlords in smaller buildings just don’t see the need for credit checks. They don’t advertise this, but “for rent by owner” (or FRBO) listings can offer a clue.

Instead of pulling a credit report themselves, some landlords will accept a credit reference with the rental application. Credit reference documentation can be a recent credit report that the tenant provides (saving them from paying a fee), or pay stubs and W-2s, or letters from previous landlords or lenders — basically, anything that shows your ability to pay the rent.

Recommended: Trying to Rent in a Tight Housing Market? 4 Steps To Win the Lease

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Why Landlords Perform Credit Checks

Landlords perform credit checks for apartment rentals for the same basic reason that employers run credit checks for employment: to help determine whether a prospect is financially responsible.

Landlords want tenants who pay their rent on time. By checking an applicant’s credit report, a landlord can see how reliably the person pays their bills and manages their credit. If someone has a history of late payments or outstanding debts, a landlord may think twice before renting to them.

When landlords run a credit check, it will be a soft credit inquiry, which won’t affect your credit score.

How the Process of No-Credit-Check Apartments Works

Depending on the landlord, the application process for a no-credit-check apartment can be pretty standard or very casual. Landlords generally ask for the following as part of your application:

•  Proof of identity

•  Proof of employment, income, or financial stability

•  Vehicle information, if parking is provided

•  Personal references

•  Application fee

Typically, it takes one to three business days to process an application. Afterward, you’ll be given a lease to sign. At this time, you can negotiate the security deposit, move-in date, and any details such as minor repairs to be made. When you receive the keys, the place is yours.

Should I Sell My House Now or Wait?

Be Honest

No one likes an unhappy surprise. If you haven’t established credit yet, say so. If you have credit problems, say so. Have a conversation with the landlord before you apply to gauge their flexibility and warn them of red flags in your credit history. Then include a cover letter with your application repeating your explanations. Glowing reference letters also help offset a poor credit score.

Recommended: What Is a Tri-Merge Credit Report?

Get a Roommate

Finding a roommate with good credit can help make the deal go through. A landlord may accept using their name alone on the lease (assuming the roommate is OK with taking full responsibility for rental payments). Or you may be able to put both of your names on the lease.

Look for Sublets and Shares

Sometimes, a leaseholder will “sublet” their apartment while they pursue opportunities elsewhere. This allows them to return to their former home in the event they want to move back. Rather than paying rent to the landlord, the subletter will often pay the leaseholder, so financial documentation may not be required. This is a common arrangement in big cities, especially among leaseholders of rent-stabilized apartments.

In share situations, roommates who are on the lease may sublet an extra room without requiring much, if any, documentation. As long as you make a good impression, they may give you a chance.

Find a Cosigner

A cosigner is someone who promises the landlord to cover your rent if you cannot pay — usually a good friend or family member with great credit. Cosigners may or may not live in the apartment.

Pay a Higher Security Deposit

If you’re brainstorming how to rent an apartment with bad credit and no cosigner, consider laying some cash on the line. Whether you dip into savings or build up your reserves with an online budget planner, putting down several months’ rent as a security deposit can reassure the landlord.

Show Financial Proof

Perhaps you make a decent income that will make it easy to pay your rent. Or you saved up some money as a cushion. Share proof with the landlord in the form of pay stubs and bank statements.

Use Previous Landlords as References

If you’ve rented from other landlords and made those payments on time, bring a reference letter or two to prove it. Ideally, the reference should be on letterhead or at least look neat and professional. That might mean creating the letter yourself and having your previous landlord sign it.

Promote Yourself

Have superior presentation skills? You can use them to persuade your landlord what a great tenant you’ll make. Turn on the charm. Bring homemade baked goods. It works.

Build Your Credit History

If there’s somewhere you can stay for now — with a friend or family member — spend that time building your credit history. To build up poor credit, focus on paying bills on time and paying down credit card balances. During this time, it may help to sign up for free credit monitoring. What qualifies as credit monitoring varies by service, but look for one that offers alerts whenever your score changes.

When you have no credit, you can start to establish your history by becoming an authorized user on a credit card or putting a utility in your name. Just be aware that it may take six months or more for the system to generate your credit score. You may be able to check your credit score for free through your bank, credit card company, or credit counselor.

The credit score needed to rent an apartment varies by location and landlord. But according to FICO®, a credit score of at least 670 is usually enough to rent an apartment.

The Takeaway

If you haven’t yet established credit or have a problematic credit history, no-credit-check apartments are one option. However, there are many other ways to secure a rental, from finding a sublet or share situation to paying a higher security deposit. Beware of shady no-credit-check apartments: There’s no reason to settle for an unsafe or unhygienic environment just because of your credit score.

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FAQ

What happens if you don’t have credit but want to rent an apartment?

Let the landlord know up front and ask what you need to do to rent the apartment. Their suggestions may include getting a roommate or cosigner with good credit, or putting down a larger security deposit. If you’ve rented in the past and made payments on time, ask your previous landlords for reference letters and build a case about why you’ll make a great tenant.

Can I rent an apartment with collections?

If you’re planning to rent a no-credit-check apartment, then the landlord won’t consider issues on your credit report. If your credit will be checked, talk to the landlord up front to see if renting with collections on your report is somehow possible.

What’s the minimum score to rent an apartment?

It’s up to the individual landlord. If a landlord requires a “good” credit score, FICO considers that to be in the range of 670-739.

I’m wondering how to pay rent with a credit card, no fee. What can I do?

If you’re renting right now, ask your landlord. If you’ll be seeking an apartment to rent, ask prospective landlords if this is possible. Each landlord has their own policy about credit cards.

Photo credit: iStock/StefaNikolic

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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Source: sofi.com

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Once you’ve found the place you’d like to rent, you need to go through the entire rental process from filling out the application, providing proof of income, background and credit checks, and more before you can sign the lease. All of these tasks can be daunting, but it’s all part of the leasing process. You may also need to provide personal references, which can cause additional stress. You’re eager to get the apartment and want your reference to reflect you in the best light. So, who do you choose as your personal references? Whether you’re hoping to move into an apartment in Dallas, TX or eyeing a Raleigh, NC rental, we’ll walk through who to include (or exclude) when it comes to choosing a personal reference for your apartment.

Who to choose as your personal reference for an apartment application

Most landlords or property managers will request a list of personal references as part of the application process. This is another way for them to verify who you are, get to know your character, and gauge if you’ll be a reliable tenant. Likewise, you may want to check out who your future landlord is.

Because personal references can influence a landlord’s decision to rent to you or not, you want to choose your references wisely. Here are some people who make for good references on a rental application.

1. Past landlords

The best choice for a personal reference is a past property manager, assuming you left on good terms. Previous landlords will know how you were as a tenant, how you left the apartment when you vacated it, and your ability to pay rent on time. If you can include your previous landlord as a personal reference, their words will carry a lot of weight.

2. Managers or coworkers

While you may be friends with your manager or coworker, they’re your professional colleagues first and foremost. This relationship allows them to speak to your professionalism and conduct, which is what a landlord is looking to better understand. Your manager will be able to speak to your reliability and work ethic.

3. Coaches or mentors

Coaches and mentors are also good options when it comes to choosing a personal reference. They’ll likely know your goals, values, and strengths, and will be able to speak to your landlord about those things.

4. Professors or teachers

If you’re a student or recent graduate, academic professors or teachers can be good personal references because they’ll also know your work ethic and drive. If a student is dedicated to their work, it’s a good indicator they’re dedicated and motivated in other areas of their lives, like maintaining an apartment.

Who not to choose as a personal reference

Keep in mind, a landlord is using your personal reference as a way to understand if you’re reliable and will make a good future tenant. Landlords are looking for red flags so they don’t sign a lease with someone who will end up causing stress and problems in the future. While the people listed above are all good options of who to choose as your personal reference, there are people you’ll want to exclude as well.

1. Partner or spouse

Your significant other may know you the best, but they’re likely biased, and the future landlord will know that. Avoid listing a partner or spouse as your rental reference because a landlord will likely take their opinion with a grain of salt.

2. Close family members

For similar reasons, family members are not your best choice as a personal reference. Obviously, your family members want the best for you, so they may not give the landlord an honest opinion on your rental eligibility. If the landlord can’t get an unbiased opinion from a reference, they’ll likely disregard what they have to say.

3. Close friends

Just like family members or romantic partners, a close friend is not the optimal choice as a personal reference. Property owners are looking for references who can vouch for your ability to pay your bills on time or your reliability as a potential tenant.

Why do landlords ask for personal references?

Landlords assume a degree of risk whenever they lease an apartment to a tenant. The last thing they want to do is approve a renter who doesn’t pay their rent on time (or at all) or causes problems for themselves or other tenants. References give the landlord a window into the character and reliability of a potential tenant.

Information they might want to learn includes potential tenant’s income and ability to pay rent, reliability, ability to take care of the property. If a tenant has any potential red flags such as a low credit score or prior evictions, references can provide additional context or assure the property manager that steps are being taken to resolve these issues.

Best practices for choosing references for an apartment

Now that you have a list of who to choose as a personal reference, here are a few best practices to keep in mind.

1. Always notify your references beforehand

If you’re going to use a previous landlord or professor as a reference, it’s common courtesy to ask if they’re willing to be a reference and let them know you’ll be giving out their contact information. It can look unprofessional if a landlord were to call a reference and they had no idea what was going on.

2. Provide multiple options in case someone isn’t available

It’s smart to provide a list of at least two personal references in case the first person is unavailable. Landlords want to speak to personal references, and if they can’t get a hold of anyone, they may pass on your application.

3. Clearly identify your references

To make things easier for the landlord, clearly annotate your references’ relationship to you in the apartment application. This helps the property manager understand who they’ll be calling and what to expect on the call.

Source: rent.com

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When people think of Cincinnati, they often picture its vibrant downtown, but the true essence of living in Cincinnati extends beyond the urban core. The suburbs of Cincinnati are diverse residential areas that offer a quieter, more relaxed lifestyle while still providing easy access to the city’s bustling amenities. These Cincinnati suburbs are spread across various parts of the metropolitan area, each with its own unique character and appeal.

In this ApartmentGuide article, we’ll explore some of the most notable Cincinnati suburbs—from historic neighborhoods to more modern developments—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Cincinnati or curious about the different Cincinnati neighborhoods, let’s discover the best parts of Cincinnati to call home.

Cost of living in Cincinnati

Before we dive into the top Cincinnati suburbs, let’s cover how much it costs to live in Cincinnati. The overall cost of living in Cincinnati is about 14% lower than the national average, making it a relatively affordable place to live. Housing is a key factor, with the median sale price for a home in Cincinnati at $260,722, which is significantly lower than the national average of $432,657. Rent follows a different trend, with the average rent for a one-bedroom apartment in Cincinnati at $1,638, slightly higher than the national average of $1,514.

While some suburbs around Cincinnati offer more affordable options, others can be more expensive, offering luxury and high-end amenities. Here, we’ll explore a range of top suburbs, providing different lifestyle and housing opportunities depending on your budget and preferences.

If you’re looking for more specific rental insights, check out our guide on the 12 Most Expensive Neighborhoods in Cincinnati, OH to Rent in 2024.

1. Hyde Park

Known for: Historic charm, vibrant square, and upscale amenities.

Hyde Park is one of Cincinnati’s most prestigious neighborhoods, offering a blend of historic charm and modern living. The heart of the community is Hyde Park Square, where residents enjoy a variety of shops, restaurants, and cafes. With tree-lined streets, beautifully preserved historic homes, and plenty of green space, Hyde Park provides an upscale suburban feel while still being just a short drive from downtown Cincinnati. The neighborhood also hosts events like the Hyde Park Farmers’ Market, adding to its community-centered atmosphere.

Population: 13,000
Median home sale price: $498,250
Hyde Park transportation scores: Walk Score 59, Bike Score 46, Transit Score 42

Apartments for rent in Hyde Park, OH | Houses for rent in Hyde Park, OH | Homes for sale in Hyde Park, OH

2. Oakley

Known for: Trendy vibe, growing business district, and walkable streets.

Oakley is a rapidly growing suburb known for its lively business district and trendy atmosphere. The area is home to a mix of independent boutiques, local restaurants, and popular retail chains, making it a shopping destination for Cincinnati residents. Oakley’s walkability and proximity to downtown make it a popular choice for professionals. Housing options include both charming older homes and new developments, providing a range of styles and price points.

Population: 10,000
Median home sale price: $385,000
Oakley transportation scores: Walk Score 62, Bike Score 44, Transit Score 43

Apartments for rent in Oakley, OH | Houses for rent in Oakley, OH | Homes for sale in Oakley, OH

3. Indian Hill

Known for: Luxury estates, scenic beauty, and exclusivity.

Indian Hill is one of Cincinnati’s most exclusive suburbs, offering expansive estates and sprawling properties set in a serene, rural atmosphere. With a focus on privacy and luxury, Indian Hill is known for its large homes and beautifully landscaped grounds. The area boasts equestrian facilities, golf courses, and plenty of green space, making it ideal for those seeking a high-end, nature-focused lifestyle.

Population: 5,800
Median home sale price: $2,200,000
Indian Hill transportation scores: Walk Score 11, Bike Score 26

Apartments for rent in Indian Hill, OH | Houses for rent in Indian Hill, OH | Homes for sale in Indian Hill, OH

4. Anderson Township

Known for: Local amenities, parks, and strong community vibe.

Located east of Cincinnati, Anderson Township offers a suburban feel with access to an array of parks, recreational facilities, and top-rated schools. The community is home to the Anderson Towne Center, which provides shopping, dining, and entertainment options. Housing in Anderson Township ranges from affordable starter homes to larger, more upscale properties, making it popular among a wide range of residents.

Population: 44,000
Median home sale price: $356,500
Anderson Township transportation scores: Walk Score 6, Bike Score 13

Homes for sale in Anderson Township, OH

5. Blue Ash

Known for: Corporate hub, golf courses, and upscale living.

Blue Ash is a northern suburb of Cincinnati known for its thriving business district and quality of life. Home to numerous corporate offices and a bustling commercial center, Blue Ash attracts professionals looking for easy access to work while enjoying suburban tranquility. The area also offers plenty of recreational options, including the Blue Ash Golf Course and parks like Summit Park, where residents can enjoy concerts, festivals, and outdoor activities.

Population: 12,000
Average rent for a one-bedroom apartment: $1,949
Median home sale price: $288,500
Blue Ash transportation scores: Walk Score 63, Bike Score 50

Apartments for rent in Blue Ash, OH | Houses for rent in Blue Ash, OH | Homes for sale in Blue Ash, OH

6. Montgomery

Known for: Small-town charm, historic landmarks, and upscale dining.

Montgomery is a quaint suburb northeast of Cincinnati that maintains its small-town charm with historic landmarks, boutique shopping, and highly-rated restaurants. Montgomery’s main street is dotted with local businesses, giving the area a distinct and welcoming feel. Known for its peaceful, tree-lined streets, Montgomery offers a variety of housing options from beautifully restored older homes to newer, custom-built residences. The area is also popular for its excellent schools and easy access to I-71, making it convenient for commuting into the city.

Population: 10,500
Average rent for a one-bedroom apartment: $1,649
Median home sale price: $905,000
Montgomery transportation scores: Walk Score 71, Bike Score 40

Apartments for rent in Montgomery, OH | Houses for rent in Montgomery, OH | Homes for sale in Montgomery, OH

7. Mason

Known for: Amenities, Kings Island, and top-rated schools.

Mason is one of the fastest-growing suburbs in the Cincinnati area, known for its extensive recreational opportunities and friendly environment. The suburb is home to Kings Island amusement park and the Great Wolf Lodge, making it a destination for entertainment. Mason also boasts excellent schools and ample green spaces, including Pine Hill Lakes Park and the Mason Community Center. The housing market in Mason features a mix of single-family homes, townhouses, and newer developments, catering to a range of preferences.

Population: 34,000
Average rent for a one-bedroom apartment: $1,642
Median home sale price: $403,250
Mason transportation scores: Walk Score 18, Bike Score 42

Apartments for rent in Mason, OH | Houses for rent in Mason, OH | Homes for sale in Mason, OH

Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Cincinnati area. Average rent and home sale price data were sourced from Redfin and Rent.com as of October 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.

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Home decor is an extension of your personality, and astrology can offer intriguing insights into your design preferences. Whether you’re gravitating toward the simplicity of minimalism for your Raleigh, NC home, an artistic statement in your Chicago, IL apartment, or layered aesthetics of maximalism for your Charlotte, NC rental, your zodiac sign might be influencing your choices. Here’s what the stars say about your style in the ongoing debate of minimalist vs maximalist decor.

Minimalism vs maximalism explained

Minimalist vs Maximalist decor represents two contrasting design philosophies. Minimalism is all about simplicity, clean lines, and a clutter-free space. Focusing on function and intentionality. It uses neutral tones, sleek furniture, and emphasizes open, airy environments. On the other hand, maximalist design embraces boldness-vibrant colors, eclectic patterns, and layered textures. It’s about filling a space with personality and creating a visually stimulating environment. While minimalist thrives on “less is more”, maximalist decor celebrates “more is more” allowing for creative freedom and expressive design choices.

1. Aries (March 21 – April 19): Bold maximalism

Aries, known for their boldness and high energy, are naturally drawn to maximalist decor that reflects their dynamic personality. Julia from wellness lifestyle brand, The Mantra Collective in Laguna Hills, CA notes, “Aries, with their bold and energetic nature, may lean toward maximalism, embracing vibrant colors and dynamic statement pieces.” 

Similarly, Brindha Dhanabalan, CEO of All Cotton and Linen highlights that “Aries love decor that makes a statement. Items like  red-and-white checkered tablecloths  are a perfect fit for their bold home.” Daniel Shuttleworth of Life StyleBrew & Tattoo Build adds that, “Aries may lean toward a vibrant gallery wall featuring an eclectic mix of art pieces, mirrors, and personal mementos, creating a lively focal point that matches their bold energy.”

2. Taurus (April 20 – May 20): Cozy, nature-inspired maximalism

Taurus prefers a grounded, nature-inspired environment with a focus on comfort. Julia from The Mantra says, “Tauruses value comfort and luxury, making them ideal candidates for a maximalist approach. Think cozy textiles like plush throws and velvet cushions that add warmth and a touch of indulgence to their home. Katja Rottinger of vintage furniture store, Vintarama, adds that, “Taurus prefer robust wooden furnishings with rustic elements, perfectly aligned with a maximalist approach. Their decor often includes natural materials like wool, fur, and driftwood, creating a warm, down-to-earth atmosphere.”

3. Gemini (May 21 – June 20): Playful maximalism

Geminis are known for their playful and curious nature, making eclectic maximalism a great match for them. Julia from The Mantra explains, “Geminis enjoy variety and playfulness, which translates well into a maximalist home featuring mix-and-match patterns and colors.” A gallery wall filled with diverse art pieces is an ideal reflection of Gemini’s ever-changing interests. Meisy Tunay of home decor brand, Fenlo Shop, also mentions, “A Gemini might enjoy a playful, eclectic decor style, bringing in elements that mirror their big-eyed personality.”

4. Cancer (June 21 – July 22): Cozy minimalism

Cancers, ruled by the Moon, seek comfort and security in their surroundings, making them a natural minimalist in the minimalist vs maximalist decor debate. Lisa Marinkovich, blogger of Gal Pal Lifestyle, points out that Cancers prefer a cozy, minimalist approach. “Cancers should focus on soft furnishings and meaningful decor to create a nurturing environment,” shares Marinkovich. A light sofa paired with a cozy throw blanket can create a serene atmosphere, perfectly suited to Cancer’s nurturing spirit. Julia from The Mantra also emphasizes, “Minimalism allows Cancer to foster the peaceful, secure space they crave.”

5. Leo (July 23 – August 22): The maximalist showstopper

Leos are known for their love of drama and self-expression, making them the natural maximalists of the zodiac. Bradley Hebdon, founder of Vintage Shopper in Crowley, TX explains, “Maximalist decor, with its bold layering of vibrant colors, patterns, and textures, perfectly matches the energy of a Leo.” They gravitate toward spaces filled with oversized plants, vintage furniture, and luxurious accents like golden mirrors and velvet chairs. Hebdon adds, “Adding patterned rugs, mismatched throw pillows, and unique lighting fixtures enhances the dramatic, curated feel of the room.”

6. Virgo (August 23 – September 22): Functional minimalism

Virgos are known for their practicality and organization, making them naturally drawn to minimalist decor. Dennis from Star-Naming highlights, “Virgos prefer uncluttered shelves and calming, earth-toned accents that reflect their organized nature.” Meisy Tunay of Fenlo Shop agrees, stating that, “A Virgo might appreciate minimalist design and decor that emphasizes clean lines and organization. Every detail serves a purpose, and their space is always designed for functionality.”

Photo courtesy of Katja Rottinger of vintage furniture store, Vintarama

7. Libra (September 23 – October 22): Balanced minimalism

Charming and sociable, Libras seek beauty and balance in every aspect of their lives, including their home decor. Peter Stockinger from Stars and Stones points out, “Libras love to experiment, often blending contemporary sophistication with minimalist aesthetics.” Twinkle from artisan home decor brand, Mianzi, also weighs in. “An Opium Pendant Lamp or something similar that has a refined design is perfect for a Libra’s harmonious and sophisticated taste reflecting their love for balance in decor,” says Twinkle.

8. Scorpio (Oct. 23 – Nov. 21): Mysterious minimalism with maximalist touches

Scorpios are drawn to moody, transformative spaces, often incorporating rich, mysterious textures like deep velvets and dark colors. Michelle Saya, a writer and blogger, says, “Scorpios create spaces that are intimate and transformative where every piece tells a story.” While they might prefer minimalist layouts, Scorpios often infuse their spaces with egocentric statement pieces that reflect their deep, passionate nature. “Scorpios are drawn to the industrial look with darker colors and egocentric statement pieces,” emphasizes Katja Rottinger of vintage furniture store, Vintarama.

9. Sagittarius (Nov. 22 – Dec. 21): Curated maximalism

Sagittarius expresses their adventurous spirit with a curated maximalist style. Meisy Tunay from Fenlo Shop explains, “Sagittarius gravitates toward spaces filled with carefully selected, eclectic pieces that reflect their love for travel and exploration.” Peter Stockinger of Stars and Stones adds, “Sagittarians favor decor that highlights ‘collected treasures,’ making maximalism an ideal way to capture their bold, well-traveled nature.”

Photo courtesy of Elisa Szymanski of ESY Arts

10. Capricorn (Dec. 22 – Jan. 19): Sleek, functional minimalism

Capricorns are disciplined and ambitious, favoring sleek, minimalist spaces that prioritize functionality. “They’re drawn to modern Scandinavian trends with chic, functional, and cozy elements,” explains Katja Rottinger of Vintarama. Elisa Szymanski of ESY Arts in Poughkeepsie, NY, providing wall art and clothing to express your individuality, echoes this, stating, “Capricorns favor well-crafted, timeless pieces —like a minimalist walnut bookshelf which suits their pragmatic nature. Capricorns value organization and simplicity, favoring fewer items focused on utility.”

11. Aquarius (Jan. 20 – Feb. 18): Eclectic minimalism

Aquarians are known for their individuality and often embrace an eclectic yet minimalist decor style. Peter Stockinger of Stars and Stones describes, “Aquarians as free spirits who are inclined to do the unexpected in their home decor. They appreciate smooth surfaces and clear lines but also love incorporating unique, standout pieces.” Brindha Dhanabalan adds, “Aquarians enjoy unique and eco-friendly decor, making sustainable minimalism and underconsumption an ideal choice for their creative homes.”

12. Pisces (Feb. 19 – Mar. 20): Dreamy maximalism

Pisces are known for their dreamy and sentimental nature, making them natural maximalists who prefer soft, whimsical decor. Julia from The Mantra suggests, “Pisceans should invest in Bohemian-style designs to reflect their adaptive and imaginative spirit.” Brindha Dhanabalan of All Cotton and Linen adds, “Pisces love soft, dreamy decor with items like light blue napkins or luxury towels adding a magical, tranquil touch to their home.”

Jyotisha and the home

In addition to Western astrology, the Hindu system of astrology, known as Jyotisha, offers a unique perspective on home decor. As Devala Rees of the Hindu American Foundation explains, “We primarily look at which astrological bodies occupy which of the twelve houses in a person’s birth chart, most especially the fourth house, which corresponds to the home.” Rees also shares, “Individuals with the Sun in their fourth house may gravitate toward sunny, open spaces, while those with Saturn might prefer darker, somber rooms.” These subtle intricacies in Jyotisha show how astrological influences can deeply shape an individual’s home environment, offering a more personalized approach to decor.

Minimalist vs Maximalist decor: Which is right for you?

Your zodiac sign can offer fascinating insights into your home decorating style, whether you favor the simplicity of minimalism or the rich layers of maximalism. From Leo’s love of bold, dramatic spaces to Virgo’s clean, functional designs, astrology shows how our star signs influence our design choices. So, where do you fall in the minimalist vs maximalist decor debate? Let your zodiac sign guide your next decor decision.

Source: apartmentguide.com

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Regulators today ordered Apple and investment banking giant Goldman Sachs to pay almost $90 million in penalties and customer redress over what it termed “Apple Card failures.”

The Consumer Financial Protection Bureau (CFPB) cited “customer service breakdowns and misrepresentations” that affected hundreds of thousands of Apple Card customers. Chief among the issues cited: the failure of Apple to send “tens of thousands” of disputed transactions to Goldman Sachs for resolution. When Apple did send disputes, the CFPB says, Goldman Sachs failed to follow federal rules for investigating the disputes.

The Apple Card was introduced in August 2019, with Goldman Sachs aboard to extend credit and handle account servicing. Both companies had limited experience in the consumer credit market prior to launching the card. There were 12 million Apple Card holders as of January this year, according to Apple.

How the CFPB penalties break down

  • Apple was ordered to pay a $25 million civil penalty.

  • Goldman Sachs was ordered to pay a $45 million civil penalty and $19.8 million in customer redress.

  • Goldman Sachs was also banned from launching any new credit card “unless it can provide a credible plan that the product will actually comply with the law.”

What the CFPB found in its investigation

  • The handling of disputed transactions was central. The CFPB charges that the card was launched despite third-party warnings that there were technological issues with the card’s disputes system. According to the CFPB, this led to long waits for customers looking to resolve disputed charges and, for some, “incorrect negative information” added to their credit reports.

  • The CFPB also found that the companies “misled consumers about interest-free payment plans for Apple devices,” and that Goldman Sachs “misled customers about the application of some refunds.” 

What’s next for affected consumers

Many consumers who are eligible for redress have already received payment, according to an email statement from the CFPB. Any remaining eligible consumers will be contacted by Goldman Sachs.

Company reaction

Goldman Sachs first revealed in a 2022 SEC filing that it was cooperating with the CFPB in its yearslong investigation. In statements to the media, both companies defended the Apple Card, saying the issues under investigation had been resolved.

“Upon learning about these inadvertent issues years ago, Apple worked closely with Goldman Sachs to quickly address them and help impacted customers,” Apple said in a statement, according to CNN.

Goldman Sachs started a foray into consumer banking in 2016 with the introduction of its Marcus brand. It has been rolling back or reshuffling some of those efforts to focus on its core business; earlier this year, it stopped issuing new personal loans.

Co-branded credit cards — issued in partnership between a major brand and a bank — have a spotty track record in recent years, often due to a mismatch between the partners.

Source: nerdwallet.com

Apache is functioning normally

Buying a home is exciting, but coughing up the down payment can be a downer. That’s where down payment assistance enters the picture. Government and nonprofit programs help unlock the door to homeownership for qualified buyers.

It makes sense to put down as much as you can comfortably afford on a down payment. The more you put down, the less you’ll be borrowing, which translates to lower monthly payments and less interest paid over the life of the loan. But many people put down less — in some cases far less — than 20% of the home’s purchase price, the amount often recommended to buyers.

In an April 2024 SoFi survey of 500 people intending to purchase a home, almost a third of respondents (30%) said they were planning to put down between 11% and 20%. Almost one in five (19%) said they would put down 6% to 10%. Ten percent of buyers were aiming for a 5% down payment or less, and fully 7% of people were exploring no-down-payment options. First-time buyers who finance their home are especially likely to have a lower down payment, according to data from the National Association of Realtors®.

Down Payment Defined

Depending on their financial situation, homebuyers may qualify for down payment assistance from the government or a private entity.

Down payment assistance programs come in several forms. Some offer homebuyers loans and grants that can be applied directly to down payments and, in some cases, help with closing costs, too.

The down payment — which covers the upfront “out of pocket” cost of getting a mortgage — is usually made at the mortgage closing and can be paid with a check, cashier’s check, or electronic payment.

The down payment covers a reasonable percentage of the total home purchase price, with the mortgage covering the remainder. Lenders typically won’t approve a mortgage loan unless the borrower pays upfront cash — anywhere from 3.5% to 20% in most cases — against the total price of the property.

💡 Quick Tip: Thinking of using a mortgage broker? That person will try to help you save money by finding the best loan offers you are eligible for. But if you deal directly with an online mortgage lender, you won’t have to pay a mortgage broker’s commission, which is usually based on the mortgage amount.

First-time homebuyers can
prequalify for a SoFi mortgage loan,
with as little as 3% down.

Homebuyer Assistance Programs and Qualifications

If a first-time homebuyer can’t afford a down payment, that opens the possibility of financial assistance.

The programs that tend to provide the most financial assistance to homebuyers — state and federal governments and local, regional, and national nonprofits — will likely need an applicant to clear hurdles in order to qualify for down payment help.

These criteria usually lead that list:

•   The three-year rule. The buyer must not have owned a home in the past three years. In most scenarios, government agencies and private charities deem anyone who hasn’t owned a home in the previous three years, even a repeat buyer, a “first-time home buyer.”

•   Must be for a primary home. Homebuyers should be clear if the money is going to the purchase of a primary residence. If the home is an investment property designed to draw rent, financial assistance providers usually won’t issue a green light on funding.

•   Income limits. First-time homebuyers may have to meet income limits. The buyer may also have to keep the home price below a specified limit.

•   Funding caveats. Depending on the funder, the first-time homebuyer may have to take a homebuyer education course and may be asked to contribute some money to the down payment.

New homebuyers looking for financial help — and who qualify for that help — can get financial aid from a variety of sources, both public and private.

The help can be substantial.

According to a report from the Urban Institute, up to 51% of potential homebuyers residing in the report’s U.S. metropolitan areas studied would qualify for some form of home down payment assistance. Upon applying, those homebuyers would be in line to receive between $2,000 and $39,000.

Yet in SoFi’s recent survey, only 38% of potential homebuyers who said not having an adequate down payment was their biggest challenge had explored down payment assistance programs. Actively looking for down payment assistance could be a good move. When that search begins, the following funding sources may be a good place for homebuyers to start.

Recommended: First Time Homebuyer Guide for 2023

HUD, the Gatekeeper

A good source for state and nonprofit home down payment assistance is the Department of Housing and Urban Development, or HUD.

HUD is a federal gatekeeper, steering homebuyers to various state and nonprofit programs and offering home buying and down payment advice from HUD home assistance counselors.

Each state may have different rules and requirements, so it’s a good idea to talk to either the state agency directly or to a qualified advisor through the HUD housing counselor portal.

Federal, State, and Local Government Grants

Government grants might be the optimal form of down payment assistance, as it’s free money. Grants usually come from federal, state, or local governments and nonprofit groups.

Each government agency or charitable group has its own rules for down payment assistance grants, but in general, you have to pass an eligibility test (the common criteria are listed above) to qualify.

Again, HUD does not offer direct grants to individuals but works through local governments and nonprofit organizations to make financial assistance and counseling available.
💡 Quick Tip: Not to be confused with prequalification, preapproval involves a longer application, documentation, and hard credit pulls. Ideally, you want to keep your applications for preapproval to within the same 14- to 45-day period, since many hard credit pulls outside the given time period can adversely affect your credit score, which in turn affects the mortgage terms you’ll be offered.

Federal Government Loans

While technically not deemed direct down payment assistance, U.S. government-insured housing loans consist of low-interest loans to new homebuyers that enable them to make lower down payments, thus making it easier to afford both a home loan and a down payment.

Federal home loans usually come from three agencies:

The Federal Housing Administration. The FHA provides loans from private lenders to qualified homebuyers. The primary qualifier is a FICO® credit score of 580 or above. A borrower with a credit score of 500 to 579 who brings a 10% down payment to the table may also qualify for an FHA loan. In SoFi’s survey, only 49% of homebuyers had heard of FHA loans, yet these can be a great solution for buyers.

U.S. Department of Agriculture. The USDA offers direct home-buying assistance to rural homebuyers. Loans enable qualified homebuyers to purchase a home with no down payment. The home must be in a qualified rural area, and borrowers’ adjusted annual income cannot exceed 115% of the median income in the area, among other criteria. These loans, too, can fly under the radar with shoppers. In SoFi’s survey, only 4 in 10 buyers (41%) had heard of USDA loans.

There is no minimum credit requirement for a USDA loan, but applicants with a credit score below 640 are subject to more stringent guidelines to qualify.

Department of Veterans Affairs. The VA provides home purchasing assistance to current members of the armed forces, military veterans, and eligible spouses of deceased U.S. military members. Similar to a USDA home loan, a VA loan requires no down payment.

Applicants must meet the VA’s — and the lender’s — standards for credit and income, and be purchasing a primary home.

Forgivable Loans

These loans come from lenders, usually in two forms: deferred payments and forgivable loans.

Forgivable loans are basically second mortgages that borrowers don’t have to repay if they remain in the primary home for a specific time period (for example, 10 years).

Forgivable loans usually have a 0% interest rate, making it easier to afford a home down payment.

State Down Payment Assistance

Assistance programs vary by state. Still, some commonalities exist — especially the urgency to help economically struggling homebuyers afford a home down payment.

These states are examples of that:

Arizona. By and large, homebuyers in most Arizona counties can apply for home down payment assistance through the state’s Department of Housing Home Plus Program.

Homebuyers will need a FICO® credit score of 640 or higher and an annual income of $126,351 or less. Additionally, the purchase price of the home can’t be higher than $371,936.

Florida. The Sunshine State offers home down payment assistance programs via Florida Housing Finance Corp.

•   HFA Preferred and HFA Advantage PLUS Second Mortgage. These down payment and closing cost programs offer 3%, 4%, or 5% of the total loan amount in a forgivable five-year second mortgage.

•   Florida Assist. Eligible homebuyers receive up to $10,000 through an interest-free second mortgage. The money doesn’t have to be paid back unless the homeowner sells or refinances the property.

Recommended: Guide to Buying, Selling, and Updating Your Home

The Takeaway

Government and nonprofit funding are the primary vehicles for down payment assistance, but homebuyers may also seek down payment help from family and friends, retirement and investment funds, or even microlenders.

However a buyer approaches home down payment assistance, the keys are planning, research on available programs, and a disciplined approach to budgeting.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.

SoFi Mortgages: simple, smart, and so affordable.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

SOHL-Q324-107

Source: sofi.com

Apache is functioning normally

Nebraska, often associated with its expansive prairies and agricultural roots, has plenty of rural charm to enjoy. With friendly Midwestern communities, a growing economy, and a diverse range of outdoor activities, Nebraska can be the perfect fit for many lifestyles. But is Nebraska a good place to live? To help you weigh your options, here are the pros and cons of living in Nebraska.

Is Nebraska a good place to live?

Nebraska’s two largest cities, Omaha and Lincoln, are the state’s cultural and economic hubs. Omaha is known for its booming business sector, home to Fortune 500 companies like Berkshire Hathaway and Union Pacific. Meanwhile, Lincoln, the state capital, has a thriving college town atmosphere, thanks to the University of Nebraska. The state has a strong agricultural backbone, contributing to its job opportunities.

Beyond its cities, moving to Nebraska means settling into friendly Midwestern communities, a slower pace of life, and a variety of outdoor recreational opportunities. From camping in the Sandhills to exploring Chimney Rock, the state has various activities that celebrate its natural beauty. However, life in Nebraska comes with its own set of challenges, from unpredictable weather to limited entertainment options in rural areas.

Nebraska state overview

Population 1,961,504
Biggest cities in Nebraska Omaha, Lincoln, Bellevue
Average rent in Omaha $1,225
Average rent in Lincoln $1,223
Average rent in Bellevue $1,120

1. Pro: Strong job market in agriculture and technology

Nebraska’s economy is deeply rooted in agriculture, with the state being one of the top producers of beef, pork, and corn. However, it’s not just farming that drives Nebraska’s economy—Omaha and Lincoln have diversified with strong business and technology sectors. In Omaha, industries like finance and insurance are prominent, and the city is home to major corporations like Mutual of Omaha and TD Ameritrade. Lincoln offers opportunities in education, government, and healthcare, thanks to the University of Nebraska and other local institutions. 

2. Con: Severe weather and tornadoes

While Nebraska enjoys all four seasons, the weather can be extreme. The state sits in “Tornado Alley,” meaning severe thunderstorms and tornadoes are a real risk, particularly in the spring and summer months. The unpredictability of the weather can make it difficult to plan outdoor activities, and residents must be prepared for sudden storms. For those who prefer milder climates, the harsh weather conditions could be a significant downside to living here.

Insider scoop: Many locals recommend keeping a weather app with storm alerts handy and preparing an emergency kit with essentials like flashlights, batteries, and a first aid kit.

3. Pro: Affordable cost of living, especially in smaller towns

Nebraska has a lower cost of living compared to the national average, making it an good place to live for those looking to stretch their dollar. While cities like Omaha and Lincoln offer affordable housing options, the state’s smaller towns are even more budget-friendly. For example, in cities like Grand Island or Kearney, rental rates can be as low as $747-$1,199 for a one-bedroom apartment. By contrast, Omaha’s average rent for a similar unit sits around $1,225. The low cost of utilities and groceries also contributes to the overall affordability, allowing residents to maintain a comfortable lifestyle.

4. Con: Limited public transportation options

Nebraska’s rural landscape makes public transportation a challenge, especially outside of Omaha and Lincoln. The state’s vast distances between towns mean that having a car is practically a necessity. Even in Omaha, public transportation options are limited, with the city primarily relying on buses that have infrequent routes in suburban areas. In smaller towns, public transportation is virtually nonexistent, leaving residents with few alternatives to driving.

5. Pro: Friendly communities

One of Nebraska’s standout qualities is the friendliness and hospitality of its residents. In smaller towns and even in its larger cities, you’ll find people willing to lend a hand or strike up a conversation. The state’s community pride makes it easy to form close relationships with neighbors and get involved in local events. This makes Nebraska an ideal place for those seeking a slower pace of life with strong community ties.

6. Con: Bugs and pests can be a nuisance

Nebraska’s vast open spaces and agricultural landscapes are a haven for a variety of insects, especially in the summer months. Mosquitoes, flies, and ticks can become bothersome, particularly near rivers and rural areas. Farmers and rural residents often contend with swarms of insects, and even city dwellers in Omaha and Lincoln aren’t immune to the bug problem. For those who love spending time outdoors, the insect population can make summer hikes or evenings on the porch less enjoyable.

Insider scoop: To better enjoy your outdoor time, consider adding citronella plants to your patio or using natural bug repellents like essential oil sprays.

7. Pro: Low traffic and easy commuting

One of the pros of living in Nebraska is the lack of major traffic congestion, even in the state’s major cities. While rush hour in Omaha and Lincoln can slow things down slightly, it’s nowhere near the gridlock seen in larger metropolitan areas. Commuting times are generally short, with most residents able to get to work within 20 to 30 minutes. 

8. Con: Lack of major entertainment and nightlife

For those seeking a vibrant nightlife or major entertainment options, Nebraska may feel lacking. While Omaha and Lincoln offer a selection of bars, restaurants, and cultural events, the options are relatively modest compared to larger cities. In smaller towns, entertainment is often limited to local high school sports or community events. Residents looking for high-end shopping, concerts, or diverse dining options may need to travel out of state to places like Kansas City or Denver.

Insider scoop: Plan ahead for popular annual events like the College World Series or the Nebraska State Fair, which bring in larger crowds and festivities.

9. Pro: Abundance of outdoor recreation

Nebraska’s open spaces provide great opportunities for outdoor exploration. From hiking and camping to hunting and fishing, there’s plenty to do in the state. The Niobrara River is a popular spot for kayaking and tubing, while the state’s many lakes, like Lake McConaughy, are perfect for boating and swimming. Residents can also explore the scenic Sandhills, the historic Oregon Trail, or Chimney Rock. Nebraska’s landscape might not be mountainous, but its rolling prairies and rivers offer plenty of ways to connect with nature.

Insider scoop: For some of the best camping and stargazing, check out the Fort Robinson State Park in the northwest part of the state. 

10. Con: Snowstorms and sub-zero temperatures in the West

Living in western Nebraska means dealing with harsh winter conditions, including frequent snowstorms and sub-zero temperatures. The region experiences heavy snowfall during the winter months, often leading to road closures and hazardous driving conditions, especially in rural areas. Snow accumulation can pile up quickly, and without the same extensive snow removal infrastructure found in larger cities, residents in smaller towns may be more isolated during storms. 

Pros and cons of living in Nebraska: Overview

Pros Cons
Strong job market in agriculture Severe weather and tornadoes
Affordable cost of living, especially in smaller towns Limited public transportation options
Friendly communities Bugs and pests can be a nuisance
Low traffic and easy commuting Lack of major entertainment and nightlife
Abundance of outdoor recreation Snowstorms and sub-zero temperatures in the West

Source: rent.com