Can i get a loan with a 700 credit score?
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Video answer: What can a 700 credit score buy?
Top best answers to the question «Can i get a loan with a 700 credit score»
With a 700 score, you'll likely be above creditors' minimum score requirements. This means your application probably won't be denied based on your credit score, but it won't necessarily be possible to secure the highest loan amount or the best terms even with a good score.
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A 700 or higher credit score puts you in a good spot to receive the best auto loan terms…
Mortgage interest rates with a 700 credit score. Generally, you need a credit score of 620 or better to qualify for a conventional Fannie Mae loan or an FHA loan with a 3.5 percent down payment. If you're interested in a no-down payment USDA loan, the minimum credit score rises to 640.
Similarly, if you apply for a credit card with a score of 700, you have a lower chance of being automatically approved. Improving your score by just 50 points higher will make your loan/credit card application process much faster and easier. What are the disadvantages of applying for a credit card with a credit score of 700? 1.
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