Understanding Credit Score Ranges: Where Do You Stand?
Credit scores typically range from the mid-300s to the mid-800s. The higher your score, the more favorably lenders view your ability to manage debt and make timely payments.
Is There a Perfect Score?
While many people aim for a perfect 800 or 850, the reality is that there’s no "perfect" score—only a perfect range. Rather than chasing an ultra-high score, your goal should be to maintain a credit score in the upper 700s.
💡 Why? A score in this range already qualifies you for the best mortgage rates and loan terms. In some cases, attempting to reach 800+ can actually backfire—certain actions meant to boost your score, like closing old accounts or reducing credit diversity, may lower your score instead.
Final Thoughts
Rather than focusing on a specific number, aim to build and maintain strong credit habits. Consistently making on-time payments, keeping credit utilization low, and managing a mix of credit accounts will keep you in an ideal range for mortgage approval.