A 740 credit score is Very Good, but it can be even better.
If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.
What kind of loan can I get with a 750 credit score?
The lower your credit score is, the higher the rate that you will pay on your mortgage. The difference between a 625 credit score and a 750 score could add a half a percent to the rate you will pay for your loan. A 750 credit score could qualify you for a $200,000 30-year mortgage, at a rate of 3.625 percent.
What mortgage rate can I get with a 740 credit score?
Conversely, if your credit score is between 620 and 639, you’ll be charged as much as 3.25% in pricing adjustments. For the borrower with a 620 credit score, this might equate to an interest rate of say 4.5% on a 30-year fixed mortgage, while the borrower with a 740 score receives a much lower rate of 3.75%.
Can I get a car loan with a credit score of 740?
In many cases, to be successfully approved for an auto loan with optimal rates, a person would want their credit score to be in the 740 range. For those who do not have the luxury of having such a credit score, something in the high 600’s will work, but in most cases will warrant a high interest rate.
Is a 739 credit score good?
A 739 credit score is right on the border between “good” and “excellent” credit. In fact, the traditional school of thought is that good credit goes from a score of 660 to 719, while excellent credit spans from 720 to 850. But it doesn’t quite work out that way in practice.