The difference in interest rates between credit tiers can drastically change your monthly budget: FICO Score Range Estimated Rate (Approx.) Estimated Monthly Payment* (Excellent) 680–699 (Good) 620–639 (Fair)
: Do not open new credit cards or take out auto loans in the 6–12 months leading up to your mortgage application. what is the ideal credit score to buy a house
: A 760+ score can result in monthly payments hundreds of dollars lower than those offered to "fair" credit borrowers. The difference in interest rates between credit tiers