- May 24, 2017
- Posted by: Daniel Rowe
The most widely used credit score in mortgage loan underwriting and is a way that lenders assess your credit risk when determining how much credit to extend. This 3-digit number (from 300 to 850) is calculated by looking at payment history, accounts owed, age of credit, and credit mix. Higher FICO® scores (650 and up) represent lower credit risks and typically equate to better loan terms.