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An 800 credit score is considered “exceptional” by FICO and is in the highest tier of scores. As long as you meet the lenders’ other requirements, your score is high enough to qualify for ...
But if you have a score of 670, which is generally considered to be "good credit," you can expect to pay $2,758 per month for the exact same home. This is a difference of: $128 per month. $1,536 ...
The average credit score for an FHA loan carrier is 645, and the average loan amount is $215,000. VA Loan Veterans may qualify for a number of benefits using a Veteran Affairs (VA) home loan.
FICO defines a good credit score as one that falls between 670 and 739, whereas anything above 800 is considered excellent. FICO credit scores between 580 and 669 are considered fair, and those ...
If your score is between 670 and 739, you have good credit, so you can likely qualify for a home loan, but probably won’t qualify for a mortgage with an excellent interest rate.
Loan Type. Minimum Credit Score. Conventional loans. 620. FHA loans. 500 (with 10% down payment); 580 (with 3.5% down payment) USDA loans. The USDA has no minimum limit, but lenders generally like ...
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