What is the range of a FICO score considered to be good?

A FICO score that falls within the range of 670 to 739 is generally considered to be good. This range is recognized in the credit scoring system as indicative of a responsible borrower. Individuals with scores in this category typically have a history of on-time payments, lower credit utilization, and overall good credit behavior, making them favorable candidates for loans and better interest rates. Lenders often view this score range positively, as it suggests a lower risk of default compared to lower score ranges.

In contrast, the other options fall outside of what is classified as 'good' by the FICO scoring model. Scores below 670 may be regarded as fair or poor, while scores above 740 can be categorized as very good or excellent, reflecting an individual's high creditworthiness. The highest range, from 800 to 850, symbolizes exceptional credit, showcasing a very low risk to lenders. Understanding these ranges is essential for homebuyers to assess their credit standing and eligibility for favorable financing options.