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Is 650 a good credit score for a mortgage?

A FICO ® Score ☉ of 650 meets some lenders' minimum requirements for a mortgage loan—but credit scores aren't all mortgage lenders look for when deciding how much to lend you or what interest rates they'll charge. Is 650 a Good Credit Score?

What does a 650 credit score mean?

A 650 credit score, like any other FICO ® Score in the fair range, will likely exclude you from getting a mortgage lender's best-available interest rate. Some lenders may consider a 650 FICO ® Score grounds for denying a mortgage application altogether, but a 650 score meets many lenders' minimum lending requirements.

Can a 650 credit score qualify for a VA mortgage?

A 650 credit score should be enough to qualify for a VA mortgage loan if you meet the other VA loan requirements, including service requirements. What Additional Factors Impact Your Mortgage Rates?

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