New Conforming Loan Limit $$647,200
35% Payment History - Tracks the number of accounts with balances and timely payment. Negative impact on the score results from late payments and how late after a due date payments are made.
30% Amounts Owed - Tracks how much is owed on accounts relative to established credit limits.
15% Length of Credit History - Tracks the total length of time clients have owned each account.
10% Types of Credit Used - Tracks the total number of accounts and types of accounts (bank or retail).
10% New Credit - Tracks the number of accounts recently opened.
FICO Score Grade
< 620 High risk
720-739 Very good
> 740 Excellent