Credit Score Estimator

The most widely used credit scoring model, developed by the Fair Isaac Corporation. Scores range from 300 to 850. Most mortgage lenders use FICO scores to evaluate creditworthiness and determine interest rates.

The single most important factor in your credit score. It reflects whether you have paid past credit accounts on time. Even one late or missed payment can significantly lower your score, especially if it is recent.

The ratio of your current credit card balances to your total credit limits. Keeping utilization below 30% is recommended, and below 10% is ideal. High utilization signals financial stress to lenders.

Reflects how long you have been using credit, including the age of your oldest account, your newest account, and the average age of all accounts. A longer history generally improves your score.

The variety of credit account types you have, such as credit cards, a mortgage, an auto loan, and student loans. A diverse mix demonstrates you can responsibly handle different types of debt.

Each time you apply for new credit, a hard inquiry is recorded on your report, which can temporarily lower your score. Multiple applications in a short window compound this effect, though rate-shopping for mortgages within 45 days typically counts as one inquiry.

Credit scores are grouped into bands: Exceptional (800–850), Very Good (740–799), Good (670–739), Fair (580–669), and Poor (300–579). Higher bands qualify you for better loan terms and lower mortgage interest rates.

A type of credit with a set limit that you can borrow from, repay, and borrow again — most commonly credit cards. Revolving credit utilization is a key component of your credit score calculation.

Loans with a fixed payment schedule over a set term, such as mortgages, auto loans, student loans, and personal loans. Having active installment accounts alongside revolving credit positively impacts your credit mix.