Rental with great income but low credit score.

Hi Ross,

If you have the ability to provide 2 months deposit then landlords will be more willing to work with you.

Best,
francois@cozy-homes.com

Hello and thank you for your question. As long as you have good work history and rental history, some landlords will let the credit score slide as long as it was not too bad. Also, you can also offer a double deposit to some landlords. They might consider it. Good luck with your search.

Hello Ross,
As an experienced landlord (new realtor), I have to say that Veronica Mullenix hit the "nail on the head". Some of our best tenants are individuals that hit a rough patch but are now back on their feet. We do pull credit history, but look more at where they are on the credit cycle vs the actual credit score. We understand that bad things happen to good people. We have rent houses that will be available in Katy and Pecan Grove - both great areas with great schools - that will be coming open April 1st. If you are interested in considering these areas and if it works with your time frame, I would be pleased to discuss our residential criteria in more detail. 281-730-2171

A landlord wants assurance that the rent will be paid. Being upfront about your previous life events that negatively influenced your scores is important. A reasonable landlord will take into consideration that you are back on your feet and on track "now". Write a letter to prospective landlords about how you've overcome life's tragic events. Accentuate your perseverance and resilience to what you've recently been through. Include that prior to divorce and health issues your scores and financial health was okay (assuming it was okay).
By being honest and professional with prospective landlords you may be able to secure a home without to put down extra deposits or pay increased rents. Demonstrate through your letter that outside of tragic events you are prudent with your finances, and you know how to manage your money; and it was your circumstances, not your negligence, that created the low credit scores and financial bruising.
Honesty and a professional approach is the best policy.
I wish you much success.
vm

I would get your Realtor to submit your credentials to the listing agent prior to viewing. Typically most homes for lease require one month's deposit.There are several options such as offer two months rent, offer a higher rent amount than asking price,add a guarantor,longer lease terms are also sometimes preferable. There are also apartments that will work with you as well.

Good evening, Ross! I specialize in the South/Southwest Houston area and suburbs, but have done some work in the Katy area. I cannot promise anything, but I would be willing to help you and your family rent a home that meets your needs. It is possible that a landlord may accept you if you are willing to pay a higher deposit or make other concessions. Please call me at your convenience so we can talk further.

Best Wishes,

Andrea Usanga
REALM Real Estate Professionals - Sugar Land
Phone: (832) 577-4602
Email: ahinckson@yahoo.com
Web: http://www.har.com/AndreaUsanga
"Going the Extra Mile to Bring You Home"

What area of Houston do you desire a place to live? What is the price range you are comfortable with?