The Big Difference Between Fair and Good Credit - DSNews

As published in Daily Dose, Christina Hughes Babb

While it's widely understood that better credit equals more opportunity—especially when seeking financing for a massive purchase, such as a home—recent studies have shown that even the most financially savvy consumers are a little confused about credit—what impacts a score, what causes it to change, and what's the magic achievable number, (to name a few things)?

While a 620 FICO, considered "fair," is the minimum score to secure a 2021 conventional home loan that follows the standards set by Fannie Mae and Freddie Mac, the variance between good and fair credit can make a major difference when it comes to locking in a good rate.

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