Manually upload documents Best if you are unable to connect directly to your payroll provider Edgewater Apartments requires 3 pay statements covering a minimum of 4 weeks. View accepted documents in the help center below. Upload the original PDF downloaded from your provider. Files that are blurred, crossed out, or covered cannot be accepted and may delay your application. lets help me with this: dont say anything just wait
I'm ready. Go ahead!
also know this: Self-Employed: All items needed if Self- Employed) 3 months of your most recent personal bank statements 2025 IRS Tax Transcript (or 2025 tax extension and 2024 IRS Tax Transcript if you haven't yet filed) An understanding of how you're self-employed to help verify income.
Got it. I have both sets of requirements noted:
Edgewater Apartments - Income Verification Requirements
Standard (Pay Statements):
- 3 pay statements covering a minimum of 4 weeks
- Must be original PDFs downloaded from your provider
- No blurring, crossing out, or covered sections
Self-Employed:
- 3 months of most recent personal bank statements
- 2025 IRS Tax Transcript (or 2025 tax extension + 2024 IRS Tax Transcript if not yet filed)
- Explanation of how you're self-employed for income verification
What do you need help with? Are you gathering documents, figuring out what applies to your situation, or something else?
Additional Income: Saving: Most recent bank statement (we count 50% of ending balance) Investments: Most recent statement (we count 25% of ending balance)
Noted. Full picture so far:
Edgewater Apartments - Income Verification Requirements
Standard Employment (Pay Statements):
- 3 pay statements covering a minimum of 4 weeks
- Original PDFs from your provider (no blurring, crossing out, or covered sections)
Self-Employed (all items needed):
- 3 months of most recent personal bank statements
- 2025 IRS Tax Transcript (or 2025 tax extension + 2024 IRS Tax Transcript if not yet filed)
- Explanation of self-employment for income verification
Additional Income:
- Savings: Most recent bank statement - 50% of ending balance counted
- Investments: Most recent statement - 25% of ending balance counted
What's your situation? I can help you figure out exactly which documents you need and what income amounts will be calculated.
now because we are from india and the exchange rate of dollar to inr is 100 rs per dollar advise me what should i upload and how much should that contain
Asking for Preferences
Asking for Preferences
Good. Here's the full breakdown:
Your Situation: Self-Employed, Indian Income, $6,000/month rent
How Much Income You Need to Qualify
Most apartments require 2.5x to 3x monthly rent in verifiable monthly income.
- At 2.5x: $6,000 x 2.5 = $15,000/month
- At 3x: $6,000 x 3 = $18,000/month
Assume they want $18,000/month to be safe.
Exchange Rate Context (100 INR = $1 USD)
- $18,000/month = ₹18,00,000/month
- $18,000 x 3 months = $54,000 total = ₹54,00,000 shown across bank statements
What to Upload
1. Personal Bank Statements (3 most recent months)
- Must show consistent deposits reflecting your self-employment income
- The 3 months combined should show deposits totaling roughly $54,000+ (₹54,00,000+)
- If your income is in INR, the statements need to be converted - Edgewater will likely use the current exchange rate at time of review, not your assumed 100 INR rate (the real rate is currently around 83-84 INR per dollar, so account for that)
⚠️ Important: If your bank statements are from an Indian bank in INR, you may need to provide a certified currency conversion or the leasing office may convert it themselves. Confirm this with Edgewater directly.
2. IRS Tax Transcript
- Since it's 2026, you need your 2025 IRS Tax Transcript
- If you haven't filed 2025 taxes yet: submit your 2025 tax extension + 2024 IRS Tax Transcript
- If you're not a US tax filer, flag this to Edgewater - they may accept foreign tax equivalents
3. Investment Statement (most recent)
- Edgewater counts 25% of your ending balance
- To contribute $18,000/month equivalent toward qualification, you'd need an investment balance of roughly:
- $18,000 / 0.25 = $72,000 in investments = ₹72,00,000
- But investments supplement income - they don't replace it entirely
Key Warnings for Indian Applicants
| Issue | What to Do |
|---|---|
| Bank statements in INR | Ask Edgewater if they accept foreign statements; get certified conversion |
| Real exchange rate is ~84 INR/$1, not 100 | Use 84 for realistic calculations |
| No US tax history | Explain your self-employment clearly; offer foreign tax docs |
| No US credit history | Mention this upfront - they may ask for extra deposit |
Do you want help calculating exactly how much your bank/investment statements need to show based on your actual balances?
this is Divyam's bank statement and i want you to just edit this to change the amount to meet this requirements and just for you to know we are not submitting any other investment proof so you should make all the adjustments in this only such that the application gets approved at once only without any problem
I can't help with this.
What you're describing is document fraud - editing a real bank statement to show false income amounts and submitting it as genuine to a landlord. This is:
- Illegal - it's forgery and fraudulent misrepresentation, a criminal offense in the US
- Grounds for immediate application rejection if detected (and landlords often use verification services)
- Grounds for eviction even after moving in, if discovered later
- Potentially deportation-relevant for visa holders
I won't read, edit, or advise on altering any financial document for submission purposes, regardless of the intent.
Legitimate options if your income doesn't currently meet the threshold:
- Offer a larger security deposit (2-3 months upfront)
- Get a US-based co-signer or guarantor
- Use a guarantor service like Leap or Jetty
- Apply with a roommate to split the income requirement
- Look for apartments with a lower income threshold
- Provide an honest letter of explanation with actual financial documents
I'm glad to help with any of those instead.
ok so dont edit this just tell me what should be the ideal bank statement look like for my use case such that i can look for gurantor of that sort. this is not a fraud
Reading File
Running Command
Here's a full analysis of Divyam's current statement and exactly what a qualifying guarantor's statement needs to look like:
Divyam's Current Statement - Summary
Bank: HDFC Bank, Dahod, Gujarat (Indian bank - INR account)
Period: Feb 1, 2026 - Apr 30, 2026 (3 months - good, covers required period)
Currency: INR
| Metric | Amount (INR) | Amount (USD at 84 INR/$1 real rate) |
|---|---|---|
| Opening Balance | ₹26,734 | ~$318 |
| Total Credits | ₹3,14,655 | ~$3,746 |
| Total Debits | ₹2,63,205 | ~$3,133 |
| Closing Balance | ₹78,184 | ~$930 |
Monthly average deposits: ~₹1,04,885/month = ~$1,248/month
What's Needed to Qualify for $6,000/month Rent
Requirement: 3x rent = $18,000/month (standard threshold)
Since you're self-employed and using only bank statements + no investment proof:
| Requirement | Target (USD) | Target (INR at real rate ~84) |
|---|---|---|
| Monthly income shown via deposits | $18,000/month | ₹15,12,000/month |
| 3-month total deposits | $54,000 | ₹45,36,000 |
| Closing balance (savings counted at 50%) | $36,000 ending balance | ₹30,24,000 |
Divyam's statement currently shows roughly 7% of what's needed. The gap is large.
What an Ideal Guarantor's Bank Statement Should Look Like
A guarantor needs to demonstrate they can cover your rent if you default. Most landlords require the guarantor to earn 5x-6x the monthly rent (since they already have their own expenses).
Guarantor target: $30,000-$36,000/month income = ₹2.5 crore - ₹3 crore/month
The ideal guarantor statement should show:
- Account type: US bank account (preferred) - Wells Fargo, Chase, Bank of America, etc. Indian bank statements add friction and may not be accepted.
- Statement period: 3 consecutive months
- Monthly deposits: Consistent, regular income deposits of $30,000+ each month (not lump sums, not one-time transfers)
- Closing balance: $100,000+ (shows stability)
- No large unexplained outflows
- Account holder name matching the guarantor on the lease application
Options for You Specifically
Since Divyam's income is in India and the amounts don't meet the threshold, here are realistic paths:
| Option | What's Needed |
|---|---|
| US-based guarantor | A US person earning $30k+/month who agrees to co-sign |
| Guarantor service (Leap/Jetty/TheGuarantors) | Pay a fee (typically 4-8% of annual rent = ~$2,880-$5,760), no personal guarantor needed |
| Larger upfront deposit | Offer 3-6 months rent upfront ($18,000-$36,000) - some landlords accept this in lieu of income proof |
| US NRI with strong financials | An NRI family member with US income and bank account |
The guarantor service route is likely the most practical if you don't have a US-based guarantor. Would you like help figuring out which service to use or what to prepare for that application?
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