Sponsored Brief

What is ‘FICO,’ and how does it work?

May 17, 2018

The FICO score is the most popular credit score model in the country. It's a statistical calculation based on the information in your credit profile.

FICO reports several types of scores. Each is tailored for a different purpose, such as a credit card, personal, installment, auto or mortgage loan. A score from one model might not have accurate bearing for the next.

The common range of scores runs from 300 up to 850. Scores vary by year and economic conditions, yet typically, approximately 60 percent of U.S. consumers fall between 650 and 799.

If you would like to learn more, or if we can help in any way, call us today at Fairway Independent Mortgage Corp. at 206-899-4449

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