750 Credit Score Mortgage Rate: What Kind Of Rate Can You Get?

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When looking for a mortgage loan, the lender will usually remove your credit score as part of the approval process.

Most consumer credit scores range from 300 to 850 – 850 being the highest score – but you don’t need the best possible score to qualify for the lowest mortgage rates. A credit score of 750 is generally considered “excellent” and can help you get good loan terms.

Here’s what you need to know about credit scores of 750 or higher:

What is the value of a 750 credit score?

A credit score of 750 is better than the US average, which was 711 in 2020, according to the credit bureau Experiential. Lenders tend to rate credit scores in ranges and offer the same rates to people in the same range.

A credit score of 750 is generally in the “excellent” range, which shows lenders that you are a very reliable borrower. People with credit scores in this range tend to qualify for loans and get the best mortgage rates.

A credit score of 750 could help you:

  • Qualify for a mortgage
  • Negotiate the terms of the loan, as the lender may be ready to compete for your business
  • Get low mortgage rates, which makes borrowing less expensive

Some lenders might consider a credit score of 750 on the borderline between “good” and “excellent,” which could influence the rate you receive. Be sure to monitor your credit rating in the months leading up to your mortgage application.

Point: To maintain healthy credit or even improve your credit score, try to pay all of your bills on time, keep your credit card balances low, and avoid opening new credit accounts.

There is no official “threshold” that all lenders use, but a higher credit score can usually help when you are applying for a mortgage.

Keep reading: How Your Credit Score Affects Mortgage Rates

Average mortgage rates for a 750 credit score

Your credit score measures how you’ve handled your money in the past and helps the lender predict how you’ll pay off a loan in the future.

A higher credit score usually indicates that you have paid back the money as agreed, which lowers the lender’s risk and can help you get a lower mortgage rate.

The table below shows a sample of the interest rates of our partner lenders. You can fill in your financial information and select a credit score range from Excellent (740+) to see what types of mortgage rates are available in your area.

Loading widget – purchase price table

The quotes here are for a Annual Percentage Rate (APR), which is the interest rate plus fees charged by the lender.

This is a more accurate measure of the costs involved, so always compare loan APRs when shopping for mortgages. Typically, a lower APR means you have less to pay on top of the amount you borrowed.

For example: Suppose you take out a 30-year fixed mortgage for $ 200,000 with 3% APR and 20% down payment, and your credit score is at least 750. Your hypothetical monthly payment would be $ 612 .

Compare that monthly payment to someone with a bad credit score, who could be paying $ 653 per month for the same loan. A borrower with poor credit would pay $ 16,134 more in interest over the life of the mortgage.

Enter your loan information to calculate how much you could pay

Total payment

Total interest

Monthly payment

With a

mortgage, you will pay

monthly and a total of

interest over the life of your loan. You will pay a total of

over the term of the mortgage.

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Checking rates will not affect your credit score.

Other factors behind your mortgage rate

Mortgage rates are based on many factors, including your overall financial health and general economic trends.

Each lender has a different way of determining their loan terms. So while a credit score of 750 may help you get a favorable rate, you need to understand what goes into the decision:

More important economic factors Personal economic factors
  • Strength of the economy
  • Inflation rate
  • Use
  • Consumer spending
  • Housing construction and other market conditions
  • Stock and bond markets
  • 10-year Treasury yields
  • Federal Reserve policies
  • Credit score
  • Credit history
  • Deposit size
  • Loan to value ratio
  • Amount, type and duration of the loan
  • Debt-to-income ratio
  • Property location

You control some of these factors:

Learn more: What is a mortgage rate and how do they work?

Comparing mortgage rates from different lenders is one way to ensure you are getting the best possible mortgage rate. Credible can help you compare prequalified rates from our partner lenders without hurting your credit score, and it only takes a few minutes.

Credible makes getting a mortgage easier
  • Instant simplified pre-approval: It only takes 3 minutes to see if you qualify for an instant streamlined pre-approval letter, without affecting your credit.
  • We keep your data private: Compare rates from multiple lenders without your data being sold or spammed.
  • A modern approach to mortgage loans: Top up your mortgage online with banking integrations and automatic updates. Only speak to a loan officer if you want to.

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About the Author

Kim porter

Kim porter

Kim Porter is an expert in credit, mortgages, student loans and debt management. She has been featured in US News & World Report, Reviewed.com, Bankrate, Credit Karma, and more.

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