Question: What Kind Of Loan Can You Get With A 630 Credit Score?

Can I get a personal loan with a 630 credit score?

Question: What Kind Of Loan Can You Get With A 630 Credit Score?

There’s no way to sugarcoat it: It’s harder for borrowers with fair or average credit (630 to 689 FICO score) to qualify for a personal loan than it is for borrowers with good or excellent credit.

But it’s still possible, and some lenders will consider more than your credit score when determining your creditworthiness.

How much of a loan can I get with a 700 credit score?

Most lenders consider a credit score between 700 and 749 to be good, but the lower cutoff can be anywhere from 680 to 720.

How good is a credit score of 630?

630 Credit Score: Is it Good or Bad? Your score falls within the range of scores, from 580 to 669, considered Fair. A 630 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

Can I buy a house with a 630 credit score?

FHA Loan with 630 Credit Score. FHA loans only require that you have a 580 credit score, so with a 630 FICO, you can definitely meet the credit score requirements. With a 630 credit score, you should also be offered a better interest rate than with a 580-619 FICO score.

Photo in the article by “George W. Bush White House” https://georgewbush-whitehouse.archives.gov/stateoftheunion/2006/