Can I get a loan with a 617 credit score?
The most common type of loan available to borrowers with a 617 credit score is an FHA loan. FHA loans only require that you have a 500 credit score, so with a 617 FICO, you will definitely meet the credit score requirements. We can help match you with a mortgage lender that offers FHA loans in your location.
What can you do with a 617 credit score?
What Does a 617 Credit Score Get You?
| Type of Credit | Do You Qualify? |
|---|---|
| Auto Loan with 0% Intro Rate | NO |
| Lowest Auto Insurance Premiums | NO |
| Personal Loan | MAYBE |
| Apartment Rental | MAYBE |
What can you do with a credit score of 627?
If your credit score is a 627 or higher, and you meet other requirements, you should not have any problem getting a mortgage. Credit scores in the 620-680 range are generally considered fair credit. There are many mortgage lenders that offer loan programs to borrowers with credit scores in the 500s.
Is 617 a decent credit score?
A FICO® Score of 617 places you within a population of consumers whose credit may be seen as Fair. Your 617 FICO® Score is lower than the average U.S. credit score. Consumers with FICO® Scores in the good range (670-739) or higher are generally offered significantly better borrowing terms.
Can I get a car with a 627 credit score?
A 627 FICO® Score is considered “Fair”. Mortgage, auto, and personal loans are somewhat difficult to get with a 627 Credit Score. Lenders normally don’t do business with borrowers that have fair credit because it’s too risky. Loan Cost: Very Costly.
Is 627 a bad credit score?
Your score falls within the range of scores, from 580 to 669, considered Fair. A 627 FICO® Score is below the average credit score. Approximately 27% of consumers with credit scores in the Fair range are likely to become seriously delinquent in the future. …
How can I raise my credit score 617?
Look into obtaining a secured credit card. Confirm that the As you use the card and make regular payments, the lender reports your activity to the national credit bureaus, where they are recorded in your credit files. (Making timely payments and avoiding “maxing out” the card will favor credit-score improvements.