Clean credit / low credit score question

[Cerelia Bennett]

Hi everyone,

I'd love some feedback on my scenario.  I have an applicant with the following scenario:

1.  Income 4x the monthly rent.  

2.  Credit history is flawless - mortgages paid off, solid history of paying credit cards with no late payments, no late charge-offs, nothing negative at all.  But, his credit score is 616.  I'm assuming it's due to the amount of owed on cards/open credit.  Total monthly payments are high (including car loan of $830), but come to 50% of his take-home.

3.  Passed the background check with zero issues.

4.  Work history is very solid, references are solid, prior 5yr rental history is solid with a monthly rent the same as I'm charging.  Previous apartment complexes confirmed rent was never late.

5.  Tenant presents very well - very clean, very well dressed.

Even though everything else checks out, I'm hung up on the 616 credit score.  Can I ask for some feedback on what others would do in the same situation?

Thanks so much for your thoughts!