One Beachmont’s fee guide has a line most renters scroll past. Listed with the storage space and the pet rent is an optional charge called Positive Credit Reporting Services, $6.95 a month, described as the “amount to send positive payment history to credit reporting agency(ies),” and charged per person.
Anyone renting at 205 Revere Beach Parkway and thinking about buying should stop on that line, because it’s the only charge in the guide about your next home instead of this one. The building will report your rent. The question is if a mortgage lender will look at it.
Sometimes yes, sometimes no. The answer depends on which credit score your lender pulls, and since September 9, 2026, lenders get to choose that score loan by loan. There’s also a way for your rent to count that costs nothing at One Beachmont at all.
What One Beachmont’s Fee Guide Offers Renters
One Beachmont publishes its fees in a guide at the bottom of its floor plans page, and we downloaded it on September 21, 2026. Nothing on the required list is a surprise. You’ll pay a refundable $1,000 security deposit, renters liability insurance from the provider you choose, and electricity, gas, water and sewer billed by use. The monthly price on the board already includes any fixed mandatory fee, and on every priced plan that day the total equaled the base rent.
Everything else is optional. Parking runs $70 a month, $125 in the garage and $135 for an electric vehicle space. Storage is $50. Pet rent is $40 or $75. And then there’s the $6.95 line.
Per person matters. Two roommates who both sign up pay $13.90 a month, or $166.80 a year. For one person over a fifteen month lease, the term most homes on the board carried, the total is $104.25. That’s a small bill. The question is what it buys.
At the leasing office. Ask two things before you add the line. Which credit bureaus receive the payments, and does the reporting start from your move-in date or from the day you enroll? The guide says “agency(ies)” and doesn’t name them.
Which Credit Scores Count Your Rent?
The fee guide can’t tell you what happens next. Reported rent appears on your credit report, but not every credit score reads it.
FICO says so plainly on its own consumer site. Since 2014, FICO has included reported rent in its newer scores, FICO 9, 10 and 10T. But “rental payments won’t impact the FICO Scores currently used for mortgage (FICO Scores 5, 4, and 2).” Those three older scores are the ones mortgage lenders have pulled for years.
VantageScore works the other way. Its mortgage guidance says that when rent is reported to the three credit bureaus, all its models, including VantageScore 4.0, use it in the score.
That difference used to be academic for home buyers. It isn’t anymore. The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, says that as of September 9, 2026, VantageScore 4.0 is open to every lender Fannie Mae and Freddie Mac have approved, with no special permission needed. Classic FICO stays approved too, and FHFA’s page says the two companies “will allow lenders to determine which credit score model (Classic FICO or VantageScore 4.0) to use on each loan.” The lender has to use the same model for every borrower on the loan.
Two Answers to the Same Question
So you’ll hear two things about rent reporting, and both are partly right. “Reporting your rent builds the credit you need for a mortgage” is true when the lender pulls VantageScore 4.0. It’s false when the lender pulls classic FICO, which ignores the rent line no matter how perfect it is. Same renter, same $6.95, two different answers.
Put it to the lender. When you start shopping for a mortgage, ask each lender which score model they’ll use for your loan. If your credit file is thin and the rent line is the best thing on it, that answer matters more than a small difference in fees.
Your Bank Account Already Keeps a Rent Record
A second route skips the credit score entirely, and it’s older than the VantageScore change. Since September 18, 2021, Fannie Mae’s automated underwriting system, Desktop Underwriter, has been able to find rent payments in a borrower’s bank statement data.
Fannie’s own FAQ on the feature spells out who qualifies. At least one borrower has to have rented for twelve months or more at $300 a month or higher, and has to have no mortgage on their credit report, a limited credit history or no credit score at all. Your lender orders a report with twelve months of your bank activity, and DU looks for payments that match the rent you list on the application.
Three details from that FAQ matter to a One Beachmont renter.
- Positive only: Fannie calls it “a positive-only change.” A month DU can’t find won’t be counted against you.
- No reporting needed: Rent paid by check, through a portal, or by Venmo, PayPal or Zelle can count, as long as it appears in the account on the report. If the rent is already on your credit report, DU can read it there too.
- Your score doesn’t move: The FAQ says the feature “will not impact a borrower’s credit score.” It feeds DU’s own assessment of the loan.
The report of your bank activity isn’t free for the lender, and Fannie says it “takes no position” on a lender passing that cost to you. Ask. It’s a question about one report, not a monthly bill.
Starting this month. Pay One Beachmont’s rent from one checking account, the same one every month, and keep it that way until you buy. Twelve months of clean, matching payments in one place is the record DU looks for, and it costs nothing to keep. DU can combine rent paid from more than one account, but one account keeps the record simple. If you split the rent with a roommate, each of you should pay your share from your own account.
So Is the $6.95 Worth Paying?
For some renters it is. If you have little or no credit history, a reported rent line gives a VantageScore something to work with. It also shows any lender reading your report that you pay a large bill on time. At $83.40 a year per person, that’s cheap.
For a renter with an established credit file, the line adds less. Classic FICO won’t read it, and Desktop Underwriter can find your rent in the bank data anyway if you qualify for the feature. Nothing in the guide is a trick. It’s a real service with a real price. The payoff depends on your credit file and your lender’s choice of score.
Before you enroll. Pull your own credit reports and look at how many open accounts you have and how long you’ve had them. A short, thin file makes the $6.95 more useful. A long file with years of on-time payments gets little from it.
What One Beachmont Charges to Rent
The board on September 21, 2026 showed 19 available homes across floors two through six. Studios of 482 square feet ran $2,443 to $2,498 a month. One bedrooms of 567 to 695 square feet ran $2,528 to $2,756. Two bedrooms of 966 to 1,120 square feet ran $3,294 to $3,609. Each price came with a lease length of 12, 13 or 15 months, and move-in dates stretched from that day to December 1.
Redgate, which designed the building, describes it as next to the Beachmont Blue Line station, about twelve minutes by train from downtown Boston. The landlord’s own site talks about the beach, a top floor deck, a co-working room and a dog daycare on site. That’s a lot of convenience at one address, and a fair reason to stay.
A year in studio 232, the lowest price on the board at $2,443 on a fifteen month term, costs $29,316. A year in two bedroom 323, the lowest two bedroom at $3,294, costs $39,528.
What the Same Rent Buys in Beachmont
On the same day, the multiple listing feed showed twelve homes for sale in the Beachmont neighborhood. Coldwell Banker’s Beachmont search page displayed ten of them. Three were condominiums. The other seven were two family houses, a six unit building and single family homes, all priced above $540,000. Two of the condominiums make a direct comparison with One Beachmont’s board.
- 127 Atlantic Avenue, unit 11: A one bedroom of 574 square feet in a 1979 building, asking $263,000, with an association fee of $450 a month. The listing says it’s being sold as is.
- 99 Pearl Avenue, unit 1: A two bedroom, one and a half bath of 885 square feet in a 1970 building, asking $429,000, with an association fee of $418 a month and street parking.
Put the owning costs that aren’t the loan next to the rent. At Revere’s fiscal 2026 residential tax rate of $8.94 per $1,000, a $263,000 condominium would owe about $2,351 a year, or $196 a month, if it were assessed at its asking price. Add the $450 fee and the Atlantic Avenue unit costs $646 a month before any mortgage. Studio 232 rents for $2,443, which leaves $1,797 a month for principal, interest and mortgage insurance before owning costs more than renting that studio.
Run the same sum on the two bedroom. On $429,000 the tax at $8.94 is about $3,835 a year, $320 a month. With the $418 fee that’s $738 a month. Against apartment 323 at $3,294, that leaves $2,556 a month for the loan payment.
We’ve left the loan payment out on purpose. It depends on your down payment, your credit and the terms a lender offers you on the day, and a number printed here would be wrong for most readers. A pre-qualification puts your own figure in that slot. The down payment side is easier to pin down. FHA financing allows as little as 3.5 percent down, according to the Consumer Financial Protection Bureau, and 3.5 percent of $263,000 is $9,205. On $429,000 it’s $15,015. FHA loans carry mortgage insurance, and FHA finances a condominium only when the building meets its approval rules, so ask about both early.
Read the Association’s Papers First
An association fee is the one owning cost a renter can’t guess, and these two listings show why the papers behind it matter. The Pearl Avenue listing says the association “is in the final settlement phase to recover legal costs,” with completion scheduled for October. That could be good news or a coming bill. Ask for the budget, the reserve balance, the settlement terms and any special assessment history before you compare anything by the month. On the Atlantic Avenue unit, “as is” means the seller won’t fix what an inspection finds, so budget for a thorough inspection and read it closely.
Try this with your own numbers. Take your current rent, subtract the fee and the monthly tax on a condominium you like, and write down what’s left. Then use our Massachusetts closing cost calculator to see the cash you’d need at the table on top of the down payment.
Where GoldCoast Comes In
GoldCoast Mortgage Service is an independent mortgage broker in Beverly. John Donlon, who owns GoldCoast, has spent more than 25 years financing homes for families across the North Shore and Greater Boston, and plenty of them started in a lease like yours. A bank offers you the loans that bank sells. A broker shops your file across many lenders and shows you what comes back.
For a One Beachmont renter with a thin credit file, that shopping now includes a question most buyers never think to ask, which is how each lender will score you. We’ll ask it for you. We’ll also tell you if twelve months of rent from your bank account is likely to help your file, and if the $6.95 a month is doing any work.
We’ll pre-qualify you at no cost and with nothing attached. You might find a Beachmont condominium is closer than you assumed. You might find another year at One Beachmont is the smarter move, spent building the rent record a lender will read. If renting still wins for your household, we’ll tell you so. If you’re not sure where to begin, start with the first step to buying a home. We work with Revere buyers regularly, and we wrote a different breakdown for renters at Modera Revere Beach, where the board charges more for every floor you climb.
Recommended Realtors for First-Time Buyers
We work regularly with two local agents who are good with first-time buyers and who won’t rush you:
- Arthur Martiroso, DNA Realty Group, 617-921-5015
- Joshua Riopelle, Simes City Realty, North Andover, 978-590-2741
You’re welcome to work with any agent you like. We mention them because renters often ask us who to call once the financing side makes sense.
Questions from Renters at One Beachmont
What Are Rents at One Beachmont in Revere?
On September 21, 2026, the property’s own board showed 19 available homes. Studios of 482 square feet were $2,443 to $2,498 a month, one bedrooms of 567 to 695 square feet were $2,528 to $2,756. Two bedrooms of 966 to 1,120 square feet were $3,294 to $3,609. Each price came with a 12, 13 or 15 month lease. The board changes often.
Does One Beachmont Report Rent to the Credit Bureaus?
The fee guide lists an optional service called Positive Credit Reporting Services at $6.95 a month per person, described as the amount “to send positive payment history to credit reporting agency(ies).” The guide doesn’t name the bureaus. Ask the leasing office which ones receive the payments and when reporting starts.
Will Reported Rent Help Me Get a Mortgage?
It depends on the score your lender uses. FICO says reported rent doesn’t affect the FICO Scores 2, 4 and 5 used for mortgages. VantageScore says its models, including VantageScore 4.0, do use reported rent. Since September 9, 2026, Fannie Mae and Freddie Mac let lenders choose between classic FICO and VantageScore 4.0 on each loan, so ask each lender which one they’ll pull.
Can My Rent Count Even If It Isn’t Reported?
Often, yes. Fannie Mae’s Desktop Underwriter can find twelve months of rent in your bank data if you’ve rented for at least twelve months at $300 or more and have no mortgage on your credit report, a limited credit history or no score. Fannie calls it a positive-only feature, and it doesn’t change your credit score.
What Does a Condo in Beachmont Cost?
On September 21, 2026, the listing feed showed a one bedroom of 574 square feet at 127 Atlantic Avenue asking $263,000, with a $450 monthly association fee. A two bedroom of 885 square feet at 99 Pearl Avenue was asking $429,000, with a $418 fee. The other listings shown that day were multifamily and single family homes priced above $540,000.
What Is the Property Tax Rate in Revere?
The city’s assessors list Revere’s fiscal 2026 residential rate as $8.94 per $1,000 of assessed value, down from $9.07 in fiscal 2025. On a condominium assessed at $263,000, that’s about $2,351 a year, or $196 a month.