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Very Good Credit. 740 to 799. If your credit score is somewhere between 740 and 749, you have very good credit. ... To get the best interest rate on a home loan, improve your credit score before ...
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 ...
Conventional loans (620): Many conventional loans—mortgages that aren’t part of government-backed programs—require a credit score of at least 620. Jumbo loans (680 to 720): Large ...
Here’s what you need to do to get your score within a good credit range. ... Good credit: 670-739. Very good credit: 740-799. ... than with 700 credit score according to the MyFICO loan savings ...
You still might qualify for a home loan. ... You can get a mortgage with a credit score as low as 620, 580 or even 500, depending on the type of loan. ... 740-799. Very good. 800 or above.
A 740 credit score can be a noteworthy accomplishment, but it still leaves room for improvement. If you've got a decent credit score in the 700s and want it to improve or prevent it from dropping,...
A borrower with an exceptional credit score between 760 and 850 can get a 30-year fixed rate mortgage of $300,000 at an average rate of 7.550%, according to FICO.
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)