A credit score of 641-680 is fair: You may qualify for that loan or credit card, but your rate will be relatively high.
A credit score of 681-720 is good: You’re in the pocket.
A credit score of 720-850 is excellent: At this level you get the best rates on credit cards, car loans, and home mortgages.
Can I buy a house with 675 credit score?
FHA Loan with 675 Credit Score. FHA loans only require that you have a 580 credit score, so with a 675 FICO, you can definitely meet the credit score requirements. With a 675 credit score, you should also be offered a better interest rate than with a 580-659 FICO score.
Is a credit score of 675 bad?
A 675 FICO® Score is Good, but by earning a score in the Very Good range, you could qualify for lower interest rates and better borrowing terms. A great way to get started is to check your credit score to find out the specific factors that impact your score the most and get your free credit report from Experian.
What interest rate can I get with a 675 credit score?
Here is a breakdown of the typical interest rates you can expect with different credit scores: 850 – 740: Excellent credit score – 3.2% interest rate (on average) 739 – 680: Average credit score – 4.5% interest rate (on average) 680 and below: Sub-Prime credit score – 6.5 – 12.9% interest rate (on average) *
Is a credit score of 619 bad?
An excellent and good credit score is generally anything above 720. A bad credit score is generally anything below a 620.
Photo in the article by “Wikimedia Commons”