A 690 FICO® Score is Good, but by raising your score into the Very Good range, you could qualify for lower interest rates and better borrowing terms.
Can I get a home loan with a 690 credit score?
Their decisions to lend, and the terms of your loan, depend on the result of those reports. Lenders qualify you based on your “middle” credit score. If your scores are 720, 740, and 750, the lender will use 740 as your FICO. If your scores are 630, 690, and 690, the lender will use 690 as your FICO.
Can I buy a house with 670 credit score?
If your credit score is a 670 or higher, and you meet other loan requirements, you should not have any problem getting a mortgage. As far as types of loans and programs, there are conventional, FHA, VA, and USDA loans that are available to borrowers with credit in the 670 or higher range.
What kind of credit score do you need to buy a house?
Most conventional mortgages require a credit score of 620 or higher. Loans backed by the Federal Housing Administration require a minimum score of 500 to qualify for a 10% down payment and a minimum 580 for 3.5% down payment.
Is 725 a good credit score to buy a house?
725 to 750: Borrowers who have credit scores above 725 are introduced to the next tier of lower interest rates. The median rate here drops at least to 3.62 percent after staying mostly flat for borrowers with credit scores of at least 650.