What is a good credit score? (2025)

What is a good credit score?

Quick Answer

What is a realistically good credit score?

Generally speaking, a good credit score is 690 to 719 on the commonly used 300-850 credit score range. Scores 720 and above are considered excellent, while scores 630 to 689 are considered fair. Scores below 630 fall into the bad credit score range.

Can I buy a house with a 650 credit score?

While a 650 score is categorized as "fair," you can qualify for mortgage loans like FHA, VA, and USDA, which offer flexible terms. Though you may face higher interest rates, there are loan programs designed to work with your credit score. Ready to get started? Rate's Same Day Mortgage can help you pre-qualify quickly.

What does a 900 credit score give you?

With a score of 900, you're likely to qualify for the lowest interest rates available in the market. It means you'll pay less in interest over the life of your loan and may enjoy lower monthly payments, saving you significant money over time.

What is America's average credit score?

Credit scores are three-digit numbers designed to represent the likelihood of paying your bills on time. Credit scores help lenders decide whether to grant you credit. The average credit score in the United States is 705, based on VantageScore^® data from March 2024.

How rare is an 800 credit score?

What it means to have a credit score of 800. A credit score of 800 means you have an exceptional credit score, according to Experian. According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.

What credit score is needed to buy a house?

The minimum credit score needed for most mortgages is typically around 620. However, government-backed mortgages like Federal Housing Administration (FHA) loans typically have lower credit requirements than conventional fixed-rate loans and adjustable-rate mortgages (ARMs).

What credit score is needed for a $250000 house?

For a $250,000 home, you'll likely need a fair to good credit score: 740+: Best rates and terms. 680-739: Good rates, still very good affordability. 620-679: Higher rates, may require larger down payment or FHA loan.

Is credit karma accurate?

Overall, Credit Karma may produce a different result than one or more of the three major credit bureaus directly. The slight differences in calculations between FICO and VantageScore can lead to significant variances in credit scores, making Credit Karma less accurate than most may appreciate.

What is a good credit score for my age?

What is the highest credit score in the world?

In most cases, the highest credit score possible is 850.

What is the best credit card?

How can I check my credit score for free?

You can request annual credit reports for free from each of the 3 major reporting agencies—Experian, Equifax^® and TransUnion^®—online via www.annualcreditreport.com or by calling 1-877-322-8228.

How rare is a 750 credit score?

Data source: FICO (2024). Nearly half of Americans score between 750 and 850, in the very good to exceptional range, while 25% of Americans have a score between 300 and 649, the poor to fair credit score range.

What is the average debt in the US?

According to Experian, average total consumer household debt in 2024 is $105,056. That's up 13% from 2020, when average total consumer debt was $92,727.

What is a good credit score to buy a car?

According to Experian, a target credit score of 661 or above should get you a new-car loan with an annual percentage rate of around 6.7% or better, or a used-car loan around 9.63% or lower. Superprime: 781-850. 5.08%.

What US city has the worst credit rating?

Mississippi has the lowest average FICO credit score, with an average FICO score of 672.

What credit card builds credit the fastest?

What is considered poor credit?

Within the FICO model, a credit score between 300 and 660 may fall into two separate categories: Poor: 300–579. Fair: 500–669.

How to raise credit score fast?

What credit score is needed to buy a $300k house?

You can buy a $300,000 house with only $9,000 down when using a conventional mortgage, which is the lowest down payment permitted, unless you qualify for a zero-down-payment VA or USDA loan. Different lenders have different rules, but typically they require a 620 credit score for conventional loan approval.

Is a 900 credit score possible?

While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.

What is the average credit score?

Quick Answer. The average credit score in the U.S. was 715 in 2024, unchanged from the 715 average in the third quarter (Q3) of 2023. The average credit score was 715 in 2024, according to Experian data. That average, as of the third quarter (Q3) of 2024, is unchanged from the same quarter in 2023.

What is the best mortgage lender right now?

What credit score do I need to buy a house with no money down?

Today, no-down-payment home loans are only available to select individuals with high credit scores who can document adequate income needed to repay the loan. Such homebuyers must also exhibit good credit, usually with minimum scores in the mid-600 range.