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Credit Rating. FICO Score Range. Excellent. 800 and above. Very Good. 740 to 799. Good. 670 to 739. Fair. 580 to 669. Poor. 300 to 579
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Speaking generally, a FICO Score of 670 or higher is considered a good credit score. Meanwhile, scores between 580 to 669 are considered fair credit scores and scores of 579 and below are ...
What is a good credit score for buying a house? ... a difference of just a few points on your credit score can sometimes affect your monthly payments substantially. For example, on a $300,000 ...
To buy a house, the lowest credit score you can have and still potentially qualify for a mortgage is 500: FHA-backed loans might approve applicants with a credit score as low as 500 as long as ...
Credit score range. Rating. Below 580. Poor. 580-669. Fair. 670-739. Good. 740-799. Very good. 800 or above. Excellent
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Here’s an example: Let’s say you’re buying a $400,000 house with a 20 percent down payment, and your high credit score qualifies you for a 30-year fixed mortgage at an interest rate of 6.2 ...