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2. 10 Things You Can’t Buy If Your Credit Score Is Under 600 ...

   www.aol.com/finance/10-things-t-buy-credit...

   With a credit score under 600, most captive lenders and lease programs for these brands won’t even consider your application. Many restrict their best, lowest leasing offers to those with credit ...

3. Subprime lending - Wikipedia

   en.wikipedia.org/wiki/Subprime_lending

   These loans are characterized by higher interest rates, poor quality collateral, and less favorable terms in order to compensate for higher credit risk. [3] During the early to mid-2000s, many subprime loans were packaged into mortgage-backed securities (MBS) and ultimately defaulted, contributing to the financial crisis of 2007–2008. [4]

4. Is 600 a good enough credit score to buy a house? - AOL

   www.aol.com/finance/600-good-enough-credit-score...

   A 600 score will not be high enough to qualify for a conventional home loan, so look into FHA loans, which have lower requirements: 500 with a 10 percent down payment, and 580 with a 3.5 percent ...

5. Credit score in the United States - Wikipedia

   en.wikipedia.org/wiki/Credit_score_in_the_United...

   The higher the credit limit on the credit card, the lower the utilization ratio average for all of a borrower's credit card accounts. The utilization ratio is the amount owed divided by the amount extended by the creditor and the lower it is the better a FICO rating, in general.

6. Federal Housing Administration - Wikipedia

   en.wikipedia.org/wiki/Federal_Housing_Administration

   Notably, 1 in 16 FHA loan borrowers maintains a credit score below 600, while the average credit score among first-time FHA loan borrowers stands at 677. These first-time homebuyers account for 82% of all FHA purchase loans. Additionally, 23% of all homebuyers opt for an FHA loan, with 28% of those aged 37 or younger choosing this financing option.

7. How to improve your credit score for a mortgage - AOL

   www.aol.com/finance/improve-credit-score...

   The minimum credit score required for a conventional loan is 620, while other mortgages require scores between 500 and 700. A higher credit score usually translates to a lower interest rate.