Rate Your Credit Score
Freddie Mac has given us an indication of low vs. high scores on their Gold Measure Worksheet.
The following scale assesses Risk Units (RUs) for a borrower:
| Score | RU’s | |
| Over 790 | -16 | |
| 771 | -790 | -14 |
| 761 | -770 | -11 |
| 731 | -760 | -7 |
| 721 | -730 | -5 |
| 701 | -720 | 0 |
| 681 | -700 | 6 |
| 661 | -680 | 8 |
| 641 | -660 | 12 |
| 621 | -640 | 17 |
| 601 | -620 | 20 |
| 581 | -600 | 23 |
| 541 | -580 | 25 |
| 541 | or less | 32 |
- Borrowers with a score above 760 are in the “high” range. The score is positively compensating.
- Borrowers with a score between 680 and 760 are in the “mid” range. The score does not add anything to the files, but does not detract.
- Scores from 680 to 620 are low but can be acceptable. Approvals must be justified carefully and files documented thoroughly.
- Scores below 620 are very “low” and may not be acceptable for conventional financing.
- A score below 600 is probably prohibitive.
Rob's Report
