Targeting Renters With High Credit Scores

Now that you have signs in the ground, who do you approach with your listings? If you need to unload your REO or short sale inventory, consider reaching out to people that are in a prime position to purchase a home –renters that have a high credit score.

glance.jpg?width=206Using our pre-screened consumer credit database that is merged with the three credit bureaus, you can identify renters that are most likely to qualify for a mortgage.

In 2005, FICO score wasn’t much of a consideration. You needed little more than a job and a Social Security card to get a loan in the days of easy credit. Today, mortgage lenders are putting a lot more emphasis on FICO score.

To get a conventional mortgage loan, the aspiring homeowner needs a FICO score 620 or higher, but many lenders set the bar north of 640. 720+ will command the best mortgage rates.

Unlike other list providers that provide “modeled” data, we provide actual credit scores obtained through a “soft” credit inquiry. > Read more about what a soft credit inquiry is.

If you would like to target renters with high credit, call a data specialist at 866-490-3459. We’ll go to the drawing board and build a count based on your area of coverage.

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