What Is the Average Credit Score for FHA Home Loans?

Answer The average credit score for FHA home loans was 678 in March 2009, according to the U.S. Department of Housing and Urban Development. This was an increase from 626 in February 2008.Source: http://w... Read More »

Top Q&A For: What Is the Average Credit Score for FHA Home L...

Will My Credit Score Improve After Paying Off Delinquent Loans?

There are a number of factors that combine to make up a person's credit score. These include the person's previous credit history, the length of his credit history and the amount of debt outstandi... Read More »

Can Reduction in a Home Equity Line of Credit Affect My Credit Score?

A home equity line of credit is a type of secured revolving credit that uses your home's equity -- the value of the home minus mortgage owed -- as collateral. In certain cases, your lender may deci... Read More »

What is a good credit rating for home loans?

To get the best rate on a 30-year fixed mortgage, your FICO score should be between 760 and 850. The next best rate is for scores between 700 and 759. If your score is lower, you might want to work... Read More »

What is the average rate for home loans?

As of June 2010, the national average for contract mortgage rates (adjustable and fixed composite) was 4.90 percent. When initial fees are included, the effective interest rate as of June 2010 was ... Read More »