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What does a fico credit score of 826 mean?
FICO credit scores, which are the most extensively used credit scores, range from 300 to 850. A credit score of 826 means that you would be considered a low risk for a loan. You would also have a lower interest rate on a loan than someone who has a lower FICO credit score.
When you apply for a home loan will the interest you get depend on your FICO credit score?
Yes, your home loan's interest rate will depend on your FICO score. However, your employment history, current income levels, amount of your down payment, and market (prime) rates will also be factored in when determining the interest rate on your home loan. Individuals with very low FICO scores may not even be able to qualify for a home loan at any rate, at least without a substantial down payment or a co-signer with better credit.
Is a credit score of 757 good?
I would say, according to most measures, that a 757 FICO score is an excellent score. This score qualifies for the lowest interest rates on home mortgages from many banks. As for auto loans, you are squarely in the top tier; a FICO score of 720, in most cases, qualifies you for the lowest interest rates on that type of loan. Of course, there are other factors which would lead to the lowest interest rate--but a high FICO score seems to be quite a significant factor. I would only be concerned if my credit practices (such as paying bills 30 days late) causes that score to become LOWER.
What company will approved a score of 587 for a home loan?
Most companies will approve a FICO score of 587 for a home loan. With this score, expect a higher interest rate since one will be considered a sub-prime borrower with 587 score.
Can you get an auto loan with a fico score of 612?
As a finance coordinator for Mileone, a 612 score is good enough to qualify for a auto loan with a low interest rate. The key is to be able to show stable job and residential history with income grossing at least $2000 per month. If you have any questions, please feel free to call Heritage Auto 410-365-6900 ext 14355
What does a fico credit score of 826 mean?
FICO credit scores, which are the most extensively used credit scores, range from 300 to 850. A credit score of 826 means that you would be considered a low risk for a loan. You would also have a lower interest rate on a loan than someone who has a lower FICO credit score.
Can you get a loan with only 1 fico score?
FICO scores do not go down to 1.
When you apply for a home loan will the interest you get depend on your FICO credit score?
Yes, your home loan's interest rate will depend on your FICO score. However, your employment history, current income levels, amount of your down payment, and market (prime) rates will also be factored in when determining the interest rate on your home loan. Individuals with very low FICO scores may not even be able to qualify for a home loan at any rate, at least without a substantial down payment or a co-signer with better credit.
Is a credit score of 757 good?
I would say, according to most measures, that a 757 FICO score is an excellent score. This score qualifies for the lowest interest rates on home mortgages from many banks. As for auto loans, you are squarely in the top tier; a FICO score of 720, in most cases, qualifies you for the lowest interest rates on that type of loan. Of course, there are other factors which would lead to the lowest interest rate--but a high FICO score seems to be quite a significant factor. I would only be concerned if my credit practices (such as paying bills 30 days late) causes that score to become LOWER.
What company will approved a score of 587 for a home loan?
Most companies will approve a FICO score of 587 for a home loan. With this score, expect a higher interest rate since one will be considered a sub-prime borrower with 587 score.
What are rates for people with fico rating above 650?
you need to be more specific, for what purpose...huose, auto loan...? Auto loan rates are based on the banks set rates. a fico score of 650 and above would be about 7.5% to 10% based on you currnet payment history.
Can you get an auto loan with a fico score of 612?
As a finance coordinator for Mileone, a 612 score is good enough to qualify for a auto loan with a low interest rate. The key is to be able to show stable job and residential history with income grossing at least $2000 per month. If you have any questions, please feel free to call Heritage Auto 410-365-6900 ext 14355
Does checking your fico score lower your fico score?
if you check it wount lower your score. If you are applying for a loan and multiple people pull your credit it will drop some.
Auto Loans and Interest Rates?
The interest rate you get with your auto loan depends on a few things. Your credit score, where you live, and the length of your loan all play a role in determining your interest rate. Of these, your credit score is the biggest factor. The difference between good credit and bad credit can mean thousands of dollars. Here is a look at the range of interest rates for auto loans. Assuming you take out a 48 month auto loan, you can expect an interest rate of between 4.9% and 18.7%. This is based off of national averages. People with a FICO score of about 720 can expect the 4.9% rate. If your credit score is between 690 and 720, your interest rate will be around 6.4%. If your credit score is in the middle of the 600's, you start to see higher interest rates. A credit score of 620 will give you an interest rate of 11.89%. A score less than that will mean an interest rate of 17% and higher. As you can see, a steep price is paid for having bad credit. Not only are your monthly payments higher, but you will pay more over the length of the loan.
What type of a FICO score do you need to get approved for a fast cash loan?
Generally your FICO score has to be high to get a fast cash loan. A high score to me would be between 700 and up to like 800. There are companies that I have seen that will help with a score of about 500.
What is the insert rate on a 30 year mortgage with a fico score of 686?
Your interest rate depends on the bank that you go to. Talk to different loan officers to determine the best interest rate for you.
What interest rate will i get on an auto loan with a 620 credit score?
You will get the terrible rate of 4000%. Sorry
