How good is a 640 credit score?
Generally, “fair” credit scores range from 620 to 679.
Applicants with a score below 620 are considered high-risk, and will have trouble qualifying for a home loan.
Many lenders set their minimum credit score at 640 or higher.
Can I buy a home with a 650 credit score?
When applying for an Federal Housing Administration (FHA) loan, you’ll need at least a 580 score to be approved. However, 640 is the lowest for conventional loans. Having a credit score of 650 is beneficial because one may be able to get loans, mortgages and have access to a variety of credit cards.
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