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Credit Score Ranges: What Do They Mean? – Investopedia – Your credit score is a number that represents the risk a lender takes when you borrow money. A FICO score is a well-known measure created by the Fair Isaac Corporation and used by credit agencies.
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Minimum Credit Scores for FHA Loans – Minimum credit score requirements for FHA home loans depend on which FHA loan product the applicant needs.. Applicants who have a minimum decision credit score of less than 500 are not eligible for FHA mortgages. Those with credit scores of 500 or better are eligible for 100% FHA loan.
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