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Is 747 a good or excellent credit score when I fill out the application form?

What is the threshold point between good and excellent? by jerome.katz403 from Benton, Arkansas. Apr 30th 2014 Reply


Timothy Howard (timehoward)
#116 ranked lender in Arizona - 159 contributions

You will be considered A credit. Good Job!

Apr 30th 2014
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Excellent

May 1st 2014
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Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions

Hi Jerome;Above a 740 credit score is Excellent credit-

May 1st 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

There is no industry "Standard" when labeling one's credit as bad, marginal, good, or excellent, but rather there are "ranges".. For most lenders, the best pricing for mortgages are for borrowers with a 740 or above, mid credit score.. 747 would be considered excellent, but when compared to someone with a 810 credit score, is their score more excellent, or just excellent?? I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

May 1st 2014
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