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A poor credit score can be damaging and demoralizing -- particularly when you apply for a mortgage, personal loan or new car loan. FICO credit scores range from 300 to 850, and the higher the ...
The minimum credit score required for a conventional loan is 620, while other mortgages require scores between 500 and 700. A higher credit score usually translates to a lower interest rate.
A poor credit score can be damaging — and demoralizing — particularly when you apply for a mortgage or new car loan. FICO credit scores range from 300 to 850 — and the higher the score, the ...
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.
The minimum credit score by mortgage type. ... FHA loans (500 to 580): You might qualify for an FHA loan with a credit score of 500 to 579 with a 10% down payment. Otherwise, ...
The higher your credit score, the lower the mortgage rate you’ll qualify for. ... You might qualify for an FHA loan with a credit score of 500 to 579, with a 10 percent down payment, or with a 3 ...
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