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2. What do the different versions of FICO scores mean? - AOL

   www.aol.com/finance/different-versions-fico...

   FICO Bankcard score 9. FICO Bankcard score 10. Mortgage lending. In addition to the standard FICO score 8 or 9, mortgage lenders might use one of the following: FICO score 2. FICO score 4. FICO ...

3. What is a good credit score to buy a house? - AOL

   www.aol.com/finance/credit-score-needed-buy...

   Loan Type. Minimum Credit Score. Conventional loans. 620. FHA loans. 500 (with 10% down payment); 580 (with 3.5% down payment) USDA loans. The USDA has no minimum limit, but lenders generally like ...

4. How to improve your credit score for a mortgage - AOL

   www.aol.com/finance/improve-credit-score...

   The national average FICO score as of October 2023 is 717, down one point from July 2023, according to FICO. Credit bureaus tend to assign “good debt” and “bad debt” labels to your current ...

5. Subprime lending - Wikipedia

   en.wikipedia.org/wiki/Subprime_lending

   These loans are characterized by higher interest rates, poor quality collateral, and less favorable terms in order to compensate for higher credit risk. [3] During the early to mid-2000s, many subprime loans were packaged into mortgage-backed securities (MBS) and ultimately defaulted, contributing to the financial crisis of 2007–2008. [4]

6. How to buy a house with bad credit - AOL

   www.aol.com/finance/buy-house-bad-credit...

   The Federal Housing Administration (FHA) insures FHA loans, which allows mortgage lenders to accept a credit score as low as 580 with a 3.5 percent down payment, or 500 with a 10 percent down payment.

7. Alt-A - Wikipedia

   en.wikipedia.org/wiki/Alt-A

   A-minus is related to Alt-A, with some lenders categorizing them the same, but A-minus is traditionally defined as mortgage borrowers with a FICO score of below 680 while Alt-A is traditionally defined as loans lacking full documentation. [4] Alt-A mortgages may have excellent credit but may not meet underwriting criteria for other reasons. [5]