A 650 FICO score is generally considered to be Fair.
If you have a 650 credit score, you may still be denied some loans and credit cards — and you may be forced to pay higher interest rates for the ones you are approved for.
You need at least a 700 score to have Good credit — but 650 isn’t considered Poor either.
Can I get a loan for a house with a 650 credit score?
A FICO score between 620 and 650 is considered fair to good credit. With an FHA mortgage, however, a FICO score of 600 or higher is enough to qualify for the 3.5% down payment loan. FHA guidelines actually authorize this type of mortgage with a score of 580 or higher.
Is a 650 credit score good or bad?
70% of U.S. consumers’ FICO® Scores are higher than 650. What’s more, your score of 650 is very close to the Good credit score range of 670-739. With some work, you may be able to reach (and even exceed) that score range, which could mean access to a greater range of credit and loans, at better interest rates.
Photo in the article by “Moving at the Speed of Creativity”