What is Credit Score?
A 300-850 number measuring creditworthiness. Mortgage minimums: conventional 620, jumbo 700+. Higher scores usually qualify for more favorable pricing.
A credit score is a three-digit number (300-850) that represents your creditworthiness based on your credit history. For mortgages, FICO scores are typically used. Higher scores generally qualify for more favorable pricing. Minimum requirements vary by loan type: conventional typically requires 620+, and jumbo loans often need 700+.