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Prime pricing: lenders compete for this score. Calculator prefilled with an estimated rate; adjust anything.
Compare rates and get pre-approved. Shopping multiple lenders can save tens of thousands over the life of a loan.
For educational purposes only. Not financial advice. Actual loan approval depends on credit score, employment history, and lender criteria. Consult a mortgage professional before making home buying decisions.
A 730 credit score is prime. Lenders compete for borrowers at this level, conventional rate adjustments are small, and PMI (if you need it) is inexpensive. Your mortgage rate is now determined mostly by the market, your down payment, and how hard you shop.
One more tier exists above you, 740+, where conventional pricing fully maxes out, but the difference is small. Don't delay a purchase you're otherwise ready for just to chase it.
Yes. 730 is a good credit score by FICO's definition. The "good" band (670–739) brackets the U.S. average of about 715, and roughly 50% of U.S. consumers score below 730.
Good credit clears most screens without drama: the majority of rewards credit cards, mid-tier auto-loan pricing, and virtually every apartment application. For a mortgage you're approved everywhere; the remaining game is pricing, which steps up at 700, 720, and 740.
Conventional wins at this score in nearly every scenario; FHA no longer makes sense unless a specific underwriting quirk (like a recent credit event) applies.
Take a buyer earning $85,000 a year, with $400/month in existing debt and $25,000 saved for a down payment, on a 30-year loan:
| Estimated rate at a 730 score | 6.74% |
| Max home price (bank approval estimate) | $254,000 |
| Estimated monthly payment (P&I + tax + insurance) | $1,980/mo |
| Same buyer with a 760+ score | $255,000 |
| Buying power cost of a 730 score | −$1,000 |
PMI with less than 20% down is inexpensive here, roughly $25–40 per month per $100,000 borrowed, and cancels at 20% equity.
At a 760 score (estimated 6.66%), the same buyer could afford about $255,000, $1,000 more house for the same income and monthly budget. You're 10–20 points from top-tier pricing. If your card utilization is above 10%, paying it down before the credit pull may bump you over 740.
Rules and pricing change at 580, 620, 640, and every 20 points beyond; see what credit score you need to buy a house for the full map. Pick your exact score, or use the main affordability calculator if credit isn't your constraint:
Credit is only half the equation; income sets the ceiling. See how much house you can afford at your salary, from $30k to $300k a year. Buying wheels first? See how much car you can afford with a 730 credit score.