Can you get a good mortgage rate with a fico score of 623?

Answer On One Hand: Low Credit ScoreAccording to Bankrate, a credit score of 623 places you just above the subprime loan category. Because of your low credit score, you will likely pay a higher interest r... Read More »

Top Q&A For: Can you get a good mortgage rate with a fico sc...

Do lenders use credit score or fico score for mortgage rate?

Lenders use both credit and FICO scores to determine mortgage rates for individual borrowers. Mortgage companies use a "tri-merge" credit report that lists credit bureau scores from Experian, Equif... Read More »

What should a FICO score be to get approved for a mortgage?

On One Hand: Magic Number Is 620To be approved for a traditional mortgage, a borrower needs a minimum of 620 for a credit score. Additionally, the content on the credit report matters as well. The ... Read More »

What is the minimum FICO score needed to obtain an FHA mortgage?

The Federal Housing Administration has no firm floor on allowable credit scores as of July 2010. FHA's Assistant Secretary of Housing David Stevens proposed implementing a "two-step" FICO floor pla... Read More »

Is 737 a good fico score?

On One Hand: Qualifies for LoansThe FICO scale runs from 300 to 850, and a score of 737 is usually good enough to qualify you for most loans. Only about 30 percent of people have credit scores abov... Read More »