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Sandy, Renter in Miami Beach, FL

is 647 a good credit score?

Asked by Sandy, Miami Beach, FL Sun May 20, 2012

I want rent and apartment in south beach, is 647 a good credit score for rent?

Help the community by answering this question:


Normally it goes like this:

850 - 780 excellent
780-750 great
750-720 good
680-720 ok
650-680 needs help
below 650 - need to work with a credit repair agency or read a few books about credit repair.

However credit is not the only factor when renting, so don't be discouraged. Things like credit can be overcome by offering to place 2 months of deposit and looking for a for rent by owner instead of an apartment complex.

Tony Vega
Chalres Rutenberg Realty
1 vote Thank Flag Link Sun May 20, 2012
In terms of the rental market, that score is workable. They will also look at criminal record, evictions, current income, etc....if your income is at least 3 times the rent and you don't have excessive items in collection or a recent foreclosure/repossession, you will probably be able to find something. Good luck.
1 vote Thank Flag Link Sun May 20, 2012
12 months after a chapter 13 Bankruptcy.- 2 years after a chapter 7 Bankruptcy.
FHA will allow a Florida home purchase 3 years after a Foreclosure.
Minimum FICO credit score of 580 for 3.5% Down payment.
Minimum FICO credit score of 530 for 10% Down payment.
No Credit Score Florida home loans & No Trade Line Florida FHA home loans.
0 votes Thank Flag Link Wed Mar 25, 2015
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