What score is needed for a loan?


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The specific score needed for a loan can vary depending on the type of loan and the lender's requirements. In general, a credit score above 700 is considered to be good and may qualify for favorable terms and interest rates. However, certain loans such as FHA loans may have more lenient requirements and accept lower credit scores around 580-620. It is recommended to check with individual lenders or financial institutions to determine their specific credit score requirements for loan approval....Read More