Your score falls within the range of scores, from 740 to 799, that is considered Very Good. A 777 FICO® Score is above the average credit score. Consumers in this range may qualify for better interest rates from lenders.
How many lines of credit should I have to buy a house?
Conventional loans require at least three tradelines (any combination of credit cards, student loans, car loans, and so on) that have been active within the past 12-24 months. FHA loans require two tradelines. It's fine to have more, but if you have fewer, you won't qualify for a mortgage.Apr 17, 2015
What kind of loan can I get with a 700 credit score?
With a 700 score, you're likely to qualify for a conventional loan with cheaper mortgage insurance and an even smaller down payment. There are just a couple exceptions to that rule: If you have higher debt, an FHA loan might be better. FHA can be more forgiving of a high debt–to–income ratio.Nov 30, 2021
What percentage of the population has a FICO score over 800?
Only 20% of Americans have a credit score of 800 or higher. Even if you're one of the people with the best credit score in the country, you might not reach 850.Jul 29, 2020
How common is a credit score over 800?
Only about 1 in 6 American consumers has a FICO credit score of 800 or higher. A FICO score in the mid-700s is generally considered good enough for the best rates and terms from lenders, but those with 800+ scores do have some things in common. Obviously, they don't miss payments.Jul 26, 2021
What percentage of people have an excellent FICO score?
A FICO® Score of 711 is considered "good" by most lending standards. Approximately 21% of Americans had a FICO® Score that fell in the "good" credit score range in 2020. Here are the FICO® Score ranges: 800-850: Exceptional.Dec 8, 2020
How many people have a FICO score over 850?
Only about 1.6% of the U.S. population with a credit score has a perfect 850, according to FICO's most recent statistics. But it might not matter as much as you may think.
Is a FICO score of 7 GOOD?
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
What FICO score is considered a poor credit rating?
The VantageScore credit scoring model also has a range between 300 to 850. However, according to this model, a credit score below 661 isn't good. Scores between 601 to 660 are considered fair. Anything below that range is considered poor or bad (500 to 600) or very poor (300 to 499).May 21, 2021
What is the most attractive highest FICO score a person can have?
The Perfect Credit Score May Vary The generic FICO® Score has a score range of 300 to 850, so a perfect score on that scale is, of course, 850.Jan 14, 2019
How long does it take to get a 900 credit score?
It will take about six months of credit activity to establish enough history for a FICO credit score, which is used in 90% of lending decisions. 1 FICO credit scores range from 300 to 850, and a score of over 700 is considered a good credit score. Scores over 800 are considered excellent.