How Much of a Home Loan Can I Get With a 650 Credit Score?
A 650 credit score places you in a population of consumers whose credit may be considered Fair. It is higher than the average FICO credit score (676) but still lower than the average US credit score (675). Consumers with scores in the Fair range are more likely to become seriously delinquent and are often charged high fees and steep interest rates by lenders who focus on "subprime" borrowers. Credit scoring models consider factors such as payment history and current debt to determine how risky it is for a lender to lend to a particular borrower.
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