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HOW DO CREDIT SCORES AFFECT HOME LOANS? Scores are determined by your credit-repayment history and such factors as the amount of available credit you’ve actually tapped (less than 33% is considered ideal) and the type of loans you’ve had over the years. Consider the FICO score a key yardstick developed by Fair Isaac that three-fourths of all mortgage lenders now use to help determine their rates. FICO scores range from 300 to 850 (the U.S. median is 725), and many lenders consider 620 and above to be A- level stuff.
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