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Home Buyers • January 8, 2026

What is in a number-Credit Scores

by Janet Russell

Credit Score Ranges for Home Buyers

 

760 and above – Excellent
• Best interest rates
• Lowest monthly payments
• Strong negotiating position

700–759 – Very Good
• Strong rates
• Most loan programs available
• Minor improvements can save money

660–699 – Good
• Many lenders approve
• Higher rates but workable
• Paying down credit cards can help quickly

620–659 – Fair
• Limited programs
• Higher rates
• Lenders may require savings or stable income

Below 620 – Needs Improvement
• Very limited options
• Best to improve credit before buying

Why Credit Score Matters
• Affects interest rate
• Impacts monthly payment
• Influences cash needed at closing

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