{"id":1843,"date":"2022-06-08T15:56:48","date_gmt":"2022-06-08T15:56:48","guid":{"rendered":"http:\/\/www..dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/"},"modified":"2023-12-26T18:39:33","modified_gmt":"2023-12-26T18:39:33","slug":"what-mortgage-interest-rate-can-i-get-with-a-700-credit-score","status":"publish","type":"post","link":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/","title":{"rendered":"What Mortgage Interest Rate Can I Get with a 700 Credit Score?"},"content":{"rendered":"<p>Are you thinking about applying for a mortgage? Buying a house is not something you can do impulsively. Lenders review a lot of information about you before deciding to finance your home, and one of the most important factors is your credit score. If your credit score is 700, you may be wondering, \u201cWhat mortgage interest rate can I get with a 700 credit score?\u201d<\/p>\n<p><strong>The Impact of Your Credit Score<\/strong><\/p>\n<p>Even though it\u2019s not the only thing lenders look at, your credit score is an important factor that has an impact on the interest rate. The interest rate you pay on your mortgage can affect your total monthly payment, and it can also affect the total amount of money you pay toward interest over the life of the loan.<\/p>\n<p>Different lenders have different policies on what credit score would qualify you to be approved for a mortgage or for you to obtain the best possible interest rate. A credit score of 700 may be considered good or very good depending on the ranges set by the lender. Even though it is a good score, it\u2019s not an exceptional one, so you probably won\u2019t qualify for the lowest interest rates. Rates fluctuate based on the economy and other factors, but the rate you\u2019re given with a credit score of 700 may be 0.25% to 0.5% higher than the lowest interest rates available. It\u2019s a small percentage, but it can add up to a lot of money paid toward interest over the life of the loan.<\/p>\n<p><strong>What Else Do Lenders Look At?<\/strong><\/p>\n<p>While evaluating your mortgage application, mortgage lenders evaluate your job stability, your income, and your monthly expenses. This includes what you\u2019d be paying for the mortgage along with other bills such as utilities and credit card payments. The amount you\u2019ve saved as a down payment can also have an impact. If you\u2019ve saved a sizable amount of money, you would need to borrow less. A smaller loan is less risky to a bank or credit union.<\/p>\n<p>Potential lenders also evaluate your credit report. They look carefully for negative items such as past-due payments, accounts in collections, bankruptcy, or foreclosure. They review how responsible you\u2019ve been with borrowed money and the amount of your overall debt.<\/p>\n<p><strong>Getting Ready to Apply for a Mortgage<\/strong><\/p>\n<p>Since your credit score has such a big impact on your mortgage, work toward getting it in the <a href=\"https:\/\/dovly.com\/post\/7-tips-to-improve-your-credit-this-year\">best shape possible<\/a> before applying for a mortgage. Always pay your bills on time. If there\u2019s any chance that you\u2019ll forget to make a payment on a credit card or loan, set up an automatic draft with your creditor. Payments that are paid 30 days or more late create a negative mark that stays on your credit report for seven years.<\/p>\n<p><a href=\"https:\/\/dovly.com\/post\/what-items-should-i-regularly-review-on-my-credit-report\">Review your own credit report<\/a> before applying for a mortgage so you aren\u2019t faced with any surprises. You might find <a href=\"https:\/\/dovly.com\/post\/top-10-errors-on-credit-report\">inaccurate information<\/a> on your credit report, and that may be hurting your credit score. Dovly is an <a href=\"https:\/\/dovly.com\/\">AI credit engine<\/a> that can help you dispute any errors you find on your credit report. Try it risk-free with our free membership tier. Get in touch with Dovly today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you thinking about applying for a mortgage? Buying a house is not something you can do impulsively. Lenders review a lot of information about you before deciding to finance your home, and one of the most important factors is your credit score. If your credit score is 700, you may be wondering, \u201cWhat mortgage [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1844,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[17,24],"acf":{"education":"","previous_experience":"","caption_field":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Mortgage Interest Rate Can I Get with a 700 Credit Score?<\/title>\n<meta name=\"description\" content=\"What Mortgage Interest Rate Can I Get with a 700 Credit Score?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Mortgage Interest Rate Can I Get with a 700 Credit Score?\" \/>\n<meta property=\"og:description\" content=\"What Mortgage Interest Rate Can I Get with a 700 Credit Score?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/\" \/>\n<meta property=\"og:site_name\" content=\"Dovly\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Dovly\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-08T15:56:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-26T18:39:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.dovly.com\/wp-content\/uploads\/2022\/10\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tedis Baboumian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@dovly_inc\" \/>\n<meta name=\"twitter:site\" content=\"@dovly_inc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tedis Baboumian\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/\"},\"author\":{\"name\":\"Tedis Baboumian\",\"@id\":\"https:\/\/www.dovly.com\/#\/schema\/person\/0328b4418de990355b712b044723c998\"},\"headline\":\"What Mortgage Interest Rate Can I Get with a 700 Credit Score?\",\"datePublished\":\"2022-06-08T15:56:48+00:00\",\"dateModified\":\"2023-12-26T18:39:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/\"},\"wordCount\":545,\"publisher\":{\"@id\":\"https:\/\/www.dovly.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.dovly.com\/wp-content\/uploads\/2022\/10\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score.png\",\"keywords\":[\"Credit Education\",\"Credit Scores\"],\"articleSection\":[\"Mortgages\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/\",\"url\":\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/\",\"name\":\"What Mortgage Interest Rate Can I Get with a 700 Credit Score?\",\"isPartOf\":{\"@id\":\"https:\/\/www.dovly.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.dovly.com\/wp-content\/uploads\/2022\/10\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score.png\",\"datePublished\":\"2022-06-08T15:56:48+00:00\",\"dateModified\":\"2023-12-26T18:39:33+00:00\",\"description\":\"What Mortgage Interest Rate Can I Get with a 700 Credit Score?\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/#primaryimage\",\"url\":\"https:\/\/www.dovly.com\/wp-content\/uploads\/2022\/10\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score.png\",\"contentUrl\":\"https:\/\/www.dovly.com\/wp-content\/uploads\/2022\/10\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score.png\",\"width\":1600,\"height\":900},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.dovly.com\/#website\",\"url\":\"https:\/\/www.dovly.com\/\",\"name\":\"Dovly\",\"description\":\"Free Online Credit Repair Services, Credit Repair App and Software\",\"publisher\":{\"@id\":\"https:\/\/www.dovly.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.dovly.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.dovly.com\/#organization\",\"name\":\"Dovly\",\"url\":\"https:\/\/www.dovly.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.dovly.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/dovly.com\/wp-content\/uploads\/2023\/03\/Dovly-logo-for-Social-Media-Link-Shares-1.png\",\"contentUrl\":\"https:\/\/dovly.com\/wp-content\/uploads\/2023\/03\/Dovly-logo-for-Social-Media-Link-Shares-1.png\",\"width\":1200,\"height\":630,\"caption\":\"Dovly\"},\"image\":{\"@id\":\"https:\/\/www.dovly.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Dovly\/\",\"https:\/\/x.com\/dovly_inc\",\"https:\/\/www.linkedin.com\/company\/dovly\/\",\"https:\/\/www.instagram.com\/dovly\",\"https:\/\/www.tiktok.com\/@dovly.inc\",\"https:\/\/www.youtube.com\/channel\/UCNiv0d2L-mJxwhzIs7VgooA\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.dovly.com\/#\/schema\/person\/0328b4418de990355b712b044723c998\",\"name\":\"Tedis Baboumian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.dovly.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.dovly.com\/wp-content\/uploads\/2023\/12\/Tedis-Baboumian-scaled.jpg\",\"contentUrl\":\"https:\/\/www.dovly.com\/wp-content\/uploads\/2023\/12\/Tedis-Baboumian-scaled.jpg\",\"caption\":\"Tedis Baboumian\"},\"description\":\"Tedis Baboumian is Dovly\u2019s Co-Founder and Chief Credit Officer. With over 20 years of experience in the consumer credit industry, Tedis is an authority on the credit industry and has cultivated deep relationships with the major credit bureaus and has developed extensive practical expertise in matters relating to credit reporting, regulatory compliance, information security, and fraud mitigation. Following a distinguished career in the U.S. Marine Corps as a specialist in intelligence gathering, legal services, and weapons training, Tedis returned to civilian life, joining Rapid Credit Reports (RCR), an independent credit reporting agency. Tedis managed compliance and operations for RCR, and eventually assumed leadership as the company\u2019s CEO. In 2018 he founded Dovly, alongside Nirit Rubenstein, Dovly\u2019s CEO. Tedis holds a bachelor\u2019s degree in management information systems from California State University, Long Beach.\",\"sameAs\":[\"https:\/\/dovly.com\",\"https:\/\/www.linkedin.com\/in\/tedis\/\"],\"url\":\"https:\/\/www.dovly.com\/post\/author\/tbaboumiandovly-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Mortgage Interest Rate Can I Get with a 700 Credit Score?","description":"What Mortgage Interest Rate Can I Get with a 700 Credit Score?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/","og_locale":"en_US","og_type":"article","og_title":"What Mortgage Interest Rate Can I Get with a 700 Credit Score?","og_description":"What Mortgage Interest Rate Can I Get with a 700 Credit Score?","og_url":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/","og_site_name":"Dovly","article_publisher":"https:\/\/www.facebook.com\/Dovly\/","article_published_time":"2022-06-08T15:56:48+00:00","article_modified_time":"2023-12-26T18:39:33+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/www.dovly.com\/wp-content\/uploads\/2022\/10\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score.png","type":"image\/png"}],"author":"Tedis Baboumian","twitter_card":"summary_large_image","twitter_creator":"@dovly_inc","twitter_site":"@dovly_inc","twitter_misc":{"Written by":"Tedis Baboumian","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/#article","isPartOf":{"@id":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/"},"author":{"name":"Tedis Baboumian","@id":"https:\/\/www.dovly.com\/#\/schema\/person\/0328b4418de990355b712b044723c998"},"headline":"What Mortgage Interest Rate Can I Get with a 700 Credit Score?","datePublished":"2022-06-08T15:56:48+00:00","dateModified":"2023-12-26T18:39:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/"},"wordCount":545,"publisher":{"@id":"https:\/\/www.dovly.com\/#organization"},"image":{"@id":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/#primaryimage"},"thumbnailUrl":"https:\/\/www.dovly.com\/wp-content\/uploads\/2022\/10\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score.png","keywords":["Credit Education","Credit Scores"],"articleSection":["Mortgages"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/","url":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/","name":"What Mortgage Interest Rate Can I Get with a 700 Credit Score?","isPartOf":{"@id":"https:\/\/www.dovly.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/#primaryimage"},"image":{"@id":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/#primaryimage"},"thumbnailUrl":"https:\/\/www.dovly.com\/wp-content\/uploads\/2022\/10\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score.png","datePublished":"2022-06-08T15:56:48+00:00","dateModified":"2023-12-26T18:39:33+00:00","description":"What Mortgage Interest Rate Can I Get with a 700 Credit Score?","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.dovly.com\/post\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score\/#primaryimage","url":"https:\/\/www.dovly.com\/wp-content\/uploads\/2022\/10\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score.png","contentUrl":"https:\/\/www.dovly.com\/wp-content\/uploads\/2022\/10\/what-mortgage-interest-rate-can-i-get-with-a-700-credit-score.png","width":1600,"height":900},{"@type":"WebSite","@id":"https:\/\/www.dovly.com\/#website","url":"https:\/\/www.dovly.com\/","name":"Dovly","description":"Free Online Credit Repair Services, Credit Repair App and Software","publisher":{"@id":"https:\/\/www.dovly.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.dovly.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.dovly.com\/#organization","name":"Dovly","url":"https:\/\/www.dovly.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.dovly.com\/#\/schema\/logo\/image\/","url":"https:\/\/dovly.com\/wp-content\/uploads\/2023\/03\/Dovly-logo-for-Social-Media-Link-Shares-1.png","contentUrl":"https:\/\/dovly.com\/wp-content\/uploads\/2023\/03\/Dovly-logo-for-Social-Media-Link-Shares-1.png","width":1200,"height":630,"caption":"Dovly"},"image":{"@id":"https:\/\/www.dovly.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Dovly\/","https:\/\/x.com\/dovly_inc","https:\/\/www.linkedin.com\/company\/dovly\/","https:\/\/www.instagram.com\/dovly","https:\/\/www.tiktok.com\/@dovly.inc","https:\/\/www.youtube.com\/channel\/UCNiv0d2L-mJxwhzIs7VgooA"]},{"@type":"Person","@id":"https:\/\/www.dovly.com\/#\/schema\/person\/0328b4418de990355b712b044723c998","name":"Tedis Baboumian","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.dovly.com\/#\/schema\/person\/image\/","url":"https:\/\/www.dovly.com\/wp-content\/uploads\/2023\/12\/Tedis-Baboumian-scaled.jpg","contentUrl":"https:\/\/www.dovly.com\/wp-content\/uploads\/2023\/12\/Tedis-Baboumian-scaled.jpg","caption":"Tedis Baboumian"},"description":"Tedis Baboumian is Dovly\u2019s Co-Founder and Chief Credit Officer. With over 20 years of experience in the consumer credit industry, Tedis is an authority on the credit industry and has cultivated deep relationships with the major credit bureaus and has developed extensive practical expertise in matters relating to credit reporting, regulatory compliance, information security, and fraud mitigation. Following a distinguished career in the U.S. Marine Corps as a specialist in intelligence gathering, legal services, and weapons training, Tedis returned to civilian life, joining Rapid Credit Reports (RCR), an independent credit reporting agency. Tedis managed compliance and operations for RCR, and eventually assumed leadership as the company\u2019s CEO. In 2018 he founded Dovly, alongside Nirit Rubenstein, Dovly\u2019s CEO. Tedis holds a bachelor\u2019s degree in management information systems from California State University, Long Beach.","sameAs":["https:\/\/dovly.com","https:\/\/www.linkedin.com\/in\/tedis\/"],"url":"https:\/\/www.dovly.com\/post\/author\/tbaboumiandovly-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.dovly.com\/wp-json\/wp\/v2\/posts\/1843"}],"collection":[{"href":"https:\/\/www.dovly.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dovly.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dovly.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dovly.com\/wp-json\/wp\/v2\/comments?post=1843"}],"version-history":[{"count":2,"href":"https:\/\/www.dovly.com\/wp-json\/wp\/v2\/posts\/1843\/revisions"}],"predecessor-version":[{"id":5359,"href":"https:\/\/www.dovly.com\/wp-json\/wp\/v2\/posts\/1843\/revisions\/5359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dovly.com\/wp-json\/wp\/v2\/media\/1844"}],"wp:attachment":[{"href":"https:\/\/www.dovly.com\/wp-json\/wp\/v2\/media?parent=1843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dovly.com\/wp-json\/wp\/v2\/categories?post=1843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dovly.com\/wp-json\/wp\/v2\/tags?post=1843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}