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Credit score range. Rating. Below 580. Poor. 580-669. Fair. 670-739. Good. 740-799. Very good. 800 or above. ... A poor credit score will primarily cost you in the way of a higher interest rate ...
Credit score minimums for other types of refinances range from 580 to 700 or higher. Refinances, like purchase mortgages, come with minimum credit score requirements.
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)
Credit scores are on the rise. According to Experian, since 2016, the average credit score for all consumers has risen from 699 to 715. Over the same time period, the average credit score for those...
Lender. Credit requirements. Down payment minimum. Bankrate Score. Old National Bank. 620 for conventional loans, 640 for FHA loans, 680 for VA loans. Undisclosed
Work on your credit score: Credit score minimums may range anywhere from 500 to 640, depending on the type of loan you apply for. Improving your credit score takes time, so check your reports and ...
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