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Conventional loans: A credit score of 800 is well above the minimum needed to qualify for a conforming conventional loan, which is typically 620. In fact, with an 800, you ought to qualify for ...
Key takeaways. A credit score of 800 or above is considered excellent and comes with the same benefits as a perfect 850 score. Benefits of an 800 credit score include better credit offers, lower ...
Here is a breakdown of how credit score ranges can impact your mortgage interest rate: 760 and above: To get the best rate possible on a mortgage, you will need a score of 760 or above. At this ...
Image source: Getty Images. The average credit score in the U.S. was 715 in 2023, according to Experian, one of three credit reporting bureaus. But a score of 800 or above is considered "exceptional."
Getting your credit score above 800 earns you elite status. Just 21% of consumers have a credit score of 800 or above, according to Experian. An 800 credit score means you’ll qualify for the ...
Click here to see our picks for the best cash back cards with rates of up to 6% back and welcome offers worth $200 or more. 2. I've regularly increased my total credit
Type of Loan. Minimum Credit Score. Conventional. 620. Jumbo. 700. FHA. 580 (or 500 with 10 percent down) VA. 620 (VA doesn’t require a minimum credit score, but lenders do)
Type of debt. Average balance for all consumers. Average balance for consumers with a perfect 850 credit score. Credit card. $6,501. $3,028. Auto loan. $23,792
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