Does An 800 Credit Score Matter?

800 credit score benefits.

An 800 credit score is a perfect credit score, believe it or not.

Despite being just shy of the highest credit score possible (850), a credit score of 800 qualifies as perfect because improving your score further is unlikely to save you money on loans, lines of credit, car insurance, etc.

What percentage of the population has a credit score over 800?

20 percent

How hard is it to get an 800 credit score?

FICO scores range from 300 to 850. Getting a perfect credit score may be extremely difficult, but there’s really not much of a difference between getting 780 or 800+ credit score. A score of 780 or more will get you the same interest rates as someone with a perfect score.

Can I buy a house with 800 credit score?

While having a credit score of 800 seems lofty, having scores in the 700’s can also help home buyers get lower mortgage rates. Many loan programs have a minimum required amount to get approved for a mortgage. For example, most lenders will require a credit score of 580 to get approved for an FHA loan.

What kind of car loan can I get with a 800 credit score?

With a credit score between 800 and 809, you are going to qualify for prime loans at a higher interest rate than if you were able to increase your credit score to 800+. Because you are so close to receiving super prime credit score rates it may make sense to consider spending 30, 60, or 90 days building your credit.