Can I rent a jome even if i have a bad credit of 500 (which i am working on) , i could give 2 month rent in advanced plus security deposit if that helps

Status: Open
Mar 27, 2018 Views1,514 Answer a Question

About 5 years ago
Most of the landlords I know look for rental history and income to be 3x the rent. Unless you have crazy things happening on your credit, they will consider and making it double deposit will help. Work with the right realtor who will help you out.

Chris
Coldwell Bankers United Realtors
832-859-8698
ChrisRealEstatePro.com
About 5 years ago
Yes ma’am, you will need to find a Landlord/Owner that is willing to work with you. Having the double deposit should be a great help in securing a home, choose a Realtor that work for you.
About 5 years ago
Yes you can. It's all going to be up to the owner of the home as the owner makes the decision. Being that you have double deposit and first month rent, that increases your approval rate. I have a owner of several rental properties that I work with that will lease to you.
About 5 years ago
That will help by paying double,
but it might take longer
About 5 years ago
yes, based on landlord approval
About 5 years ago
Yes, in some cases you can. The landlord however, may require double deposit, sometimes triple, it just depends on the landlord. Also, if you are honest as you can be with both your Realtor, and the landlord then he may show leniency, and give you a chance to prove you will pay the rent on time. Honesty is the best policy in these type of situations, and be prepared to possibly pay more deposit.

If you need help, feel free to give me a call.

Felicia Cornett
EXIT Realty 360
713-894-3739
About 5 years ago
Hi Maria:
You can rent a home even if you have a poor credit score, however, it will take a lot of searching for that landlord who is willing to work with you. You will need to explain why your score is low and what you have been doing to improve it. A steady job, consistent income and sufficient work history will all help. Landlord may need multiple security deposits and may even ask for someone with good credit to guarantee the lease. If you have never rented before, or if you have been irresponsible with your money management, it will be tougher than if you had rented before and was consistently paying your rent on time and then fell upon hard times due to lack of a job or a divorce. Be honest in your communication with your realtor or landlord. Good Luck.
About 5 years ago
Yes you can, please call me at 832.835,4426 I'd love to help you. ~ Vanessa Trevino
About 5 years ago
The landlord will take all things into consideration when reviewing lease applications. Be up front and honest with your real estate agent, and he/she will be able to present your application to the landlord’s Realtor in the best possible light. The landlord wants to be confident that the monthly rent will be paid. If you can give explanation for the low credit score and an assurance that those situations no longer exist that may prevent you from paying rent online, then you have a chance of securing a place to lease. As long as you demonstrate on your application that you are able to pay the rental amount each month, then you may get a landlord to agree to lease to you. Your real estate agent is your best resource in this situation. I wish you much success!
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
Advertisement
Find a Local Expert Real Estate Agent in your Area
Start your real estate search the right way by finding the best agent to work with in your area.

Related Questions