Mortgage Rates by Credit Score 2026: See Your Exact Rate
Your credit score determines your rate. 740+ gets 6.66%. 620 gets 7.16%. That's $137/month difference = $49,000 over 30 years on a $400K loan. See your exact rate in 60 seconds.
Best Rate (740+)
6.66%
Avg Rate (680)
6.91%
FHA Min (580)
7.00%
20 pts =
$50/mo
Mortgage Rate Chart by Credit Score (August 2026)
Rates below are national averages for a $400,000 loan, 30-year fixed, August 2026. Your actual rate depends on down payment, loan type, and lender. Compare lenders to see your exact rate — no credit impact.
| Credit Score | Conventional | FHA | VA | Monthly Pmt | vs 740+ | Apply |
|---|---|---|---|---|---|---|
| 740+ | 6.66% | 6.38% | 6.49% | $2,567 | $0 | Get Rate → |
| 720-739 | 6.73% | 6.38% | 6.49% | $2,585 | +$18 | Get Rate → |
| 700-719 | 6.79% | 6.38% | 6.49% | $2,601 | +$34 | Get Rate → |
| 680-699 | 6.91% | 6.50% | 6.61% | $2,633 | +$66 | Get Rate → |
| 660-679 | 7.04% | 6.63% | 6.74% | $2,668 | +$101 | Get Rate → |
| 640-659 | 7.10% | 6.75% | 6.87% | $2,686 | +$119 | Get Rate → |
| 620-639 | 7.16% | 6.75% | 6.87% | $2,704 | +$137 | Get Rate → |
| 580-619 | N/A | 7.00% | 7.12% | $2,771 | +$204 | Get Rate → |
| 500-579 | N/A | 7.50% | N/A | $2,929 | +$362 | Get Rate → |
Monthly payment = principal + interest on $400K, 30-year term. Excludes taxes, insurance, PMI. Rates = APR.
What Rate Do YOU Qualify For?
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Check My Rate →3 Key Insights from the Rate Chart
1. 740 is the Magic Number
Above 740, rates plateau. The jump from 720→740 saves only $18/mo. But 620→740 saves $137/mo = $49K over 30 years.
2. 620 is the Gateway
Below 620, conventional loans aren't available. You're limited to FHA (580+) with higher rates and mortgage insurance.
3. FHA Can Be Cheaper
Below 680 credit, FHA rates (6.38-6.75%) are often lower than conventional (6.91-7.16%). Compare both to find your cheapest option.
Credit Score & Mortgage Rate FAQs
What mortgage rate do I get with a 620 credit score?
With a 620 credit score: conventional 30-year = 7.16% APR, FHA 30-year = 6.75% APR, VA = 6.87% APR. FHA is usually cheaper at this score. On a $400K loan, the difference between 620 and 740 credit = $200/month = $72,000 over 30 years. See which lenders offer the best rate for 620 credit →
What mortgage rate do I get with a 740 credit score?
With a 740+ credit score: conventional 30-year = 6.66% APR, FHA = 6.38% APR, VA = 6.49% APR. This is the best tier — you qualify for the lowest rates and all loan types. 740+ is where rate improvements plateau for conventional loans. Compare lenders and get your exact rate with 740+ credit →
How much does 1 credit point save on a mortgage?
Roughly $2-3/month per point on a $400K loan. The big jumps happen at thresholds: 620→640 saves ~$40/mo, 680→700 saves ~$25/mo, 720→740 saves ~$20/mo. The biggest single jump is from 619 to 620 — that's where conventional loans become available. Get pre-approved and see your exact rate →
Can I get a mortgage with a 580 credit score?
Yes. FHA loans require 580+ for 3.5% down payment. At 580, your FHA rate would be ~7.00% APR. VA loans also accept 580+. Conventional loans require 620+. If your score is 580-619, FHA is your best and cheapest option. Check FHA loan options with 580 credit →
How can I improve my credit score before getting a mortgage?
5 fastest ways: (1) Pay down credit cards to under 30% utilization (can boost 20-40 points in 30 days). (2) Dispute errors on your credit report (15-30 days). (3) Ask for a credit limit increase (reduces utilization). (4) Become an authorized user on a family member's old card. (5) Stop applying for new credit 6 months before mortgage. Get pre-approved and see what rate you qualify for →
See Your Exact Mortgage Rate
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Meet David
Refinance & Rate Specialist
David Rodriguez is a seasoned refinancing expert with over 10 years of experience in mortgage rate analysis and market trend forecasting. As a Certified Rate Lock Specialist, he has saved homeowners millions in interest payments through strategic refinancing timing. His expertise in Federal Reserve policy impact and mortgage-backed securities makes him a go-to expert for rate predictions and refinancing strategies.
EXPERTISE:
KEY ACHIEVEMENT:
Saved clients $50M+ in interest payments