Rental Basics in Victorville>Question Details

Shannon Wild…, Renter in Victorville, CA

what if your credit score is under 700 would you still be able to rent a house in victorville?

Asked by Shannon Wilder, Victorville, CA Wed Jul 27, 2011

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A credit score is not even a factor for my rentals. I have placed many tenants in homes with ficos as low as 500 and they are great tenants! Leasing agents and Property Managers should always look at the overall picture to determine credibility and like Karen said, with a 700 score you might want to consider buying if you can, your mortgage will more than likely be cheaper than renting.
1 vote Thank Flag Link Wed Jul 27, 2011
Hello Shannon, Yes you could rent or buy? Why rent when you can buy and pay less than rent?

http://www.under640ficoscoreloans.com/Pages/RentvsBuy.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker – Sr. Loan Officer CA only
REO & Short Sale Specialist
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225
0 votes Thank Flag Link Wed Nov 28, 2012
As others have stated it's not just about your FICO score. Employment, income, past rental or ownership history, etc. Landlords and property managers are well aware of the housing crisis many folks have been through. They're also aware that folks still need a roof over their heads. Most people inherently will struggle to pay their rent before they pay for anything else except food and gas to get back and forth to work.
0 votes Thank Flag Link Thu Jul 28, 2011
Shannon,

Any landlord that turns away a renter with a 700 score is being to picky!
0 votes Thank Flag Link Wed Jul 27, 2011
Hi Shannon:

Yes, you would be able to rent a home with a credit score below 700. In this market we have to be a little bit more lenient due to the economy and tough times many families have gone through. I am positive you can find a good home.
0 votes Thank Flag Link Wed Jul 27, 2011
With 700s you may want to buy. You can buy in some cases cheaper than you can rent.
0 votes Thank Flag Link Wed Jul 27, 2011
700? I'm sure your fine. Under 600 maybe a little harder. As long as your recent record show the ability to pay your bills on time you shouldn't run into any issues.
0 votes Thank Flag Link Wed Jul 27, 2011
In my book 700 is pretty good.
0 votes Thank Flag Link Wed Jul 27, 2011
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