A 750 credit score could qualify you for a $200,000 30-year mortgage, at a rate of 3.625 percent.
That translates to a monthly payment of $912.
With a credit score of 625 however, your rate would be 4.125 percent for a mortgage of the same size and term.
How good is a credit score of 750?
750 Credit Score: Is it Good or Bad? Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 750 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders’ better interest rates and product offers.
How much of a loan can I get with a 800 credit score?
The average mortgage loan amount for consumers with Exceptional credit scores is $208,977. People with FICO® Scores of 800 have an average auto-loan debt of $18,764.
How much of a loan can I get with a 700 credit score?
As you can see, getting to a credit score of 700 or higher can save you a lot of money on your auto loan.
Refinance old debts.
|Credit Score||Auto Loan Refinance Rate|
|700 to 749||3.39% for 60 months|
|650 to 699||5.49% for 60 months|
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What kind of loan can I get with a 740 credit score?
With a FICO score of 740 or higher, you’re likely to get the most favorable interest rate available, especially on a conforming (non-jumbo) conventional loan. Conventional loans tend to require higher scores.
Is 750 a good credit score to buy a house?
The lower your credit score is, the higher the rate that you will pay on your mortgage. The difference between a 625 credit score and a 750 score could add a half a percent to the rate you will pay for your loan. A 750 credit score could qualify you for a $200,000 30-year mortgage, at a rate of 3.625 percent.
What is considered excellent credit?
For a score with a range between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most credit scores fall between 600 and 750.