Applicant's FICO Score | Average applicants Score

[Luke H.]

Team,

What is the average applicants score you require and why?  Do you change this for lower income applicants/ lower income neighborhoods?

I'm using an online screening service that says 650 ◄ (Avg. Renter's score)

Thanks

[Kristopher Hanks]

@Luke H.  People that need to rent are renting for many reasons. A credit score is one thing to look at but I don't worry about it that much. If they have good credit and money to put down for security deposit and first month's rent then they are probably not that far away from being able to buy. I am more concerned about verifying employment and having 3x net income above monthly rent amount and verifying they are who they say they are. However, I am not denying that a credit score can say a lot about a person's willingness to pay.