Sentences with phrase «average credit score of»

• The consumers who previously had a foreclosure and have subsequently opened a mortgage (or boomeranged) have an average credit score of 680 (an increase of 20.8 % compared with the scores at the time of foreclosure).

• The consumers who previously had a short sale and have subsequently opened a mortgage (or boomeranged) have an average credit score of 706 (an increase of 16.5 % compared with the scores at the time of short sale).

Consumers with two mortgages have an average credit score of 739, 81 points higher than the score of those without.

Consumers carrying a mortgage have an average credit score of 713, 55 points higher than the average score of those with no mortgage, finds a study by credit reporting company Experian Consumer Direct.

An average credit score of 741 sits nicely in the «excellent» credit score range (720 +), but don't be discouraged — users with much lower credit scores say they've also been approved.

Wells Fargo cardholders have a higher average credit score of 750, but the bank accepts applicants with a variety of scores.

QuicksilverOne targets those consumers with an average credit score of about 630 to 689.

The average credit score of people who were approved for the Chase Sapphire Preferred is 740, which sits squarely in the «excellent» rating category.

The second graphs shows the average credit score of borrows who receive FHA Purchase mortgage endorsements.

Credit history — An average credit score of 680 is typically needed to qualify for a jumbo mortgage.

First - time FHA borrowers had an average credit score of 677.

For example, someone with an average credit score of 680 who pays a bill 30 days late will see a drop of 60 to 80 points.

But successful applicants buying a home with VA financing had an average credit score of 708 during January, according to Ellie Mae, a California - based mortgage technology firm whose software is used by many lenders.

To answer that question, LendEDU licensed data from Experian, one of the three major credit bureaus in the U.S., to evaluate the average credit score of every single community in the Commonwealth.

While not the end - all - be-all, the average credit score of a town or city is a good gauge to evaluate economic performance.

At any rate, we wanted to take a closer look at the financial health of South Carolina's cities and residents, so here at LendEDU, we decided to pull the average credit score of each town and city from one of the original thirteen colonies; we viewed credit score as a fair gauge of financial health given its connection to debt repayment and credit history.

The average credit score of a town or city is a sound indicator of economic health.

What's more, the average new - vehicle lessee had an average credit score of 717 in Q4 2014, down two points over the same time period.

A conventional mortgage usually requires an average credit score of 700, and 740 is the minimum required to get the best rate for a conventional loan.

However, NerdWallet reports that Discover's borrowers have an average credit score of 747 (versus Lending Club's 699 average), which means that actually receiving a loan from Discover might be more competitive than it would be with our other mid-tier picks like Lending Club and Prosper.

The average credit score of an FHA borrower is now 690, up from 630 only two years ago, agency officials said.

Finally, we looked at the average credit score of each city.

For instance, the San Francisco Federal Credit Union recently offered 100 % financing for up to $ 2 million to borrowers with an average credit score of 747 and $ 219,000 income.

Residents of Washington, D.C. — where average new mortgages are $ 462,000 and the average credit score of 656 falls squarely in the «fair» range — can expect to pay $ 451,890 in interest, the highest in the nation.

With an average credit score of 661.4, California's creditworthness ranked in the top third of all states in 2015, according to the Experian National Score Index.

When they say they use the «collective results,» it doesn't mean they take the average credit score of the applicants.

The average credit score of a closed loan was 722 in the Ellie Mae Originations Insight Report in December.

The weighted average credit score of a Sallie Mae student loan applicant or co-signer is 746.

And while the average credit score of an FHA buyer is about 670, the loans have also been popular with buyers who have credit issues as well as little money to put down.

The study found that the incomes of those approved for refinancing start at $ 60,000, and these borrowers have an average credit score of 748.

In fact, data from the Go Banking Rates website has shown that the average credit score of a millennial is:

And the average credit score of people in the United States is in the range of 620 to 679.

He says his average buyer has a verifiable income of $ 35,000 a year and average credit score of 570 (out of 850).

And I'm not alone — according a recent report from the credit bureau Experian, Millennials have the lowest average credit score of any other generation at 625.

The average credit score of a CMHC - insured borrower is 724; however, roughly 76 % of borrowers have a credit score greater than 700.

The only West Coast city to make the list, Seattle's average credit score of 776 is good enough to be the 13th highest nationally.

Pennsylvania consumers have an average credit score of 655, just below the national average of 661.

Meanwhile, Baby Boomers have an average credit score of 709 and their debt excluding mortgages is only around $ 19,217.

To better determine how much you can get with an average credit score of 650 you must first look at the type of loan or credit for which you are applying.

Borrowers who were denied an FHA loan in 2012 for a refinance had an average credit score of 670, a loan - to - value of 88 percent, and a debt - to - income ratio of 44 percent.

That's significantly lower than the borrowers who refinanced a conventional loan; they had an average credit score of 729.

Prosper has a minimum credit score requirement of 640, but the average credit score of its borrowers is 710.

These Credit Sesame members have an average credit score of 542, firmly in the bad credit category.

This is born out with another fact — specifically the fact that over the last three years the average credit score of FHA borrowers has risen from 621 to just over 700.

Previous studies have shown which cities in the U.S. perform the best when ranked by the average credit score of their population.

Recently, Experian revealed that the national average credit score of its consumers is 678.

In the days of FHA being the province of first - timers buying modest homes, the average credit score of FHA buyers was 621.

However, it is important to note that the average credit score of borrowers is above 700.

For instance, LiftFund, a Community Advantage lender, states on its website that the average credit score of its borrowers is 575.

The data broke down the average credit scores of borrowers based on their minority status.