Guarantor Options & Alternatives

Third-Party Guarantor Services

Some rental properties may require a U.S.-based guarantor or cosigner in order to sign a lease. If you don’t have one, third-party guarantor companies may be able to help. These services may be helpful for international students or anyone who doesn’t meet typical income or credit requirements.

These companies essentially act as insurance providers for landlords. As the renter, you pay the guarantor company to issue a "guaranty bond," which protects the landlord in case you’re unable to pay rent. This allows you to qualify for a lease even if you lack a U.S. cosigner, have limited credit history, or don’t meet standard income thresholds.

Examples of third-party guarantor companies include:

• The Guarantors
• Leap

How It Works

Ask First

Before applying for an apartment, ask the landlord or agent:

“Do you accept third-party guarantors? If so, which ones?”

Not all landlords accept these services, and some may only work with specific providers.

Apply to the Guarantor Company

Once your rental application is accepted, go to the guarantor company’s website to apply. If you have roommates, they’ll also need to submit their own information.

Get Approved

Most guarantor companies review applications within 24 to 48 business hours. The bond is typically sent directly to the landlord as proof of coverage, allowing you to move forward with signing your lease.

Cost

Fees can range anywhere from 25% to 110% of one month’s rent, charged annually. Be sure to review pricing details carefully before committing, as costs can vary by provider and lease terms. Some companies also offer installment plans to help spread out the payment.