Credit Score
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A credit score is a three-digit number, usually FICO, that summarizes your creditworthiness from 300 to 850.
What Credit Score means
It's built from payment history, amounts owed, length of credit, new credit, and credit mix. For mortgages, FHA starts at 580, conventional at 620, and the best rates generally require 740 or higher.
Florida example
A Florida buyer who raises a 615 score to 640 can move from a higher-cost tier into better pricing, often saving 0.25–0.5% on the rate. Paying down card balances below 30% utilization is the fastest lever.
The number lenders watch
A credit score is a three-digit number that sums up your credit risk. It ranges from 300 to 850, and a higher score earns lower rates. Payment history and balances weigh the most.
Most loans have a minimum score, from 580 for FHA to 620 for conventional.
Raising your score
Paying on time, lowering card balances, and fixing report errors all help. Even a 20-point gain can drop your rate and save real money.
We show you the fastest wins for your situation. Reach out and we will build a plan to strengthen your score before you buy.
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