Definition: "Mortgage 500 Credit Score" refers to a credit score that is considered at least 500 by most lenders in the United States, based on minimum requirements set by the Federal Housing Administration (FHA). This score ranges from 620 to 700, with higher scores typically associated with more desirable loan terms and lower mortgage rates. However, it's important to note that these are only guidelines and may vary depending on specific lender policies and credit history.
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