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What credit score is required to rent a house

What credit score is good for renting?

670 to 739

In general, a landlord will look for a credit score that is at least “good,” which is generally in the range of 670 to 739.


What is the lowest credit score to rent a house?

Prove your financially stable. You should aim for a minimum credit score of at least 620 before you apply for a rental home. If you don't meet the credit criteria, a high income and proof of finances can show the landlord you're stable and can afford the rent.

Can I rent with a 600 credit score?

Wealthier, more competitive areas will require a higher minimum score, as will new or luxury buildings. However, a good rule of thumb is that most landlords look for a credit score of at least 600. Anything under 600 is considered bad credit, but don't worry – there are many ways to get around bad credit.


Which FICO score do landlords use?

Most landlords use FICO credit scores to determine if an applicant qualifies for an apartment. The typical categories for those scores are: Exceptional: 800 to 850. Very Good: 740 to 799.

What is a renters score?

Just as a credit score predicts the likelihood that a loan will be paid, our tenant score assesses risk by helping to predict the likelihood a tenant will fulfill a lease obligation. Using inquiry, credit, and eviction data, MyRental generates a three-digit score between 200 and 800.

Is a 600 credit score good enough to rent a house?

Wealthier, more competitive areas will require a higher minimum score, as will new or luxury buildings. However, a good rule of thumb is that most landlords look for a credit score of at least 600. Anything under 600 is considered bad credit, but don't worry – there are many ways to get around bad credit.

Is 700 a good credit score to rent a house?

“I'd say the general consensus is around 700, but yes it absolutely varies depending on the landlord or building. Some value credit more so than income, so it has to be stellar. Others will be fine with a 650-ish score if you have substantial income.

Frequently Asked Questions

What credit score is needed to buy a house?

Around 620

The minimum credit score needed for most mortgages is typically around 620. However, government-backed mortgages like Federal Housing Administration (FHA) loans typically have lower credit requirements than conventional fixed-rate loans and adjustable rate mortgages (ARMs).

What kind of credit do you need to rent a house

Mar 25, 2021 — There's no set credit score necessary to rent an apartment or house; the criteria for approval will vary depending on the property, location, 

Can I rent a house with 600 credit score?

If your credit score is in the mid-600s or below, property owners may take a closer look at your credit details. Renters with low credit scores, such as under 600, may have more trouble qualifying for a rental house or apartment.

FAQ

Can I rent with a 700 credit score?
If you are planning to live in a high-demand apartment or neighborhood, you may need a higher credit score (in the 670-700 FICO® Score range). Landlords mainly check your credit score to understand how reliable you can be with rent payments based on your past payment history.
What's the lowest credit score a landlord will accept?
620

Generally, most landlords require applicants to have a credit score of at least 620 to be considered for rental housing. This means that if your FICO score is lower than 620, you may be denied an application or asked for additional security deposits or co-signers before being approved.

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