Your credit score determines whether lenders extend you credit and at what rate. The difference between good and exceptional can save tens of thousands over a mortgage.
The real target is 740, not 670. The difference between 620 and 760 on a $350,000 mortgage is $297/month and $106,920 over the loan life.
FICO score factors
Payment history 35% (most important). Utilisation 30% (keep below 30%, ideally below 10%). Length of history 15%. Credit mix 10%. New credit 10%.
How to check for free
AnnualCreditReport.com for official free reports. Credit Karma for VantageScore tracking. Most card issuers provide free FICO scores.
Use our Mortgage Calculator to model this.
Frequently asked questions
What is a good credit score in 2026?
670-739 is Good, 740-799 Very Good, 800+ Exceptional. Aim for 760+ for best mortgage rates.
Average American credit score?
Approximately 718.
Does checking hurt my score?
No — soft inquiries have no impact.
What score do I need for a mortgage?
620 minimum conventional; 760+ for best rates.
How long to build good credit?
12-24 months to reach 670+; 3-5 years to reach 750+.