Fair Credit

Is 620 a Good Credit Score?

A 620 credit score is a key threshold. It's the minimum for most conventional mortgages and unlocks significantly more credit options than scores below 620.

Last Updated: March 2026 WiseIQ Editorial Team

620

Fair Credit

FICO Score Range: 300–850

300850

Browse Credit Scores

580 600 620 640 660 680 700 720 740 760 780 800 850

Score Tier

Fair Credit

Grade

Better Than

34% of Americans

What You Qualify For with a 620 Credit Score

Credit Cards

More unsecured options available. Capital One Platinum, Petal 1, and some cash back cards.

Personal Loans

Most major lenders accept 620+. Rates of 12%–25% APR are typical.

Auto Loans

Good access to auto loans. Rates of 8%–15% APR are typical at 620.

Mortgage

Conventional loans (Fannie/Freddie) require 620 minimum. You qualify, but rates will be higher than 680+ borrowers.

HELOC

Some lenders accept 620. Rates will be above average. LTV requirements are stricter.

Savings Account

Any bank — credit scores don't affect savings account eligibility.

Best Financial Products for 620 Credit Score

Credit Cards for 620 →Personal Loans for 620 →Savings Accounts for 620 →HELOC for 620 →

What's Holding Your Score Back

One or two late payments in the past 1–2 years
Moderate credit utilization (30%–60%)
A collection that's 2–4 years old
Relatively short credit history
Limited credit mix

How to Improve a 620 Credit Score

Target 670 — the Good Credit threshold

670 is where rates drop significantly across all products. It's your next major milestone.

Get a rewards credit card

At 620, you may qualify for entry-level rewards cards. Use it for one recurring bill and pay in full monthly.

Request a credit limit increase

After 6+ months of on-time payments, call your card issuer and request a limit increase. This lowers your utilization ratio without paying down debt.

Monitor your score monthly

Use Credit Karma or Experian free monitoring. Catching errors early prevents score damage.

Keep utilization below 30% on all cards

Not just overall — each individual card matters. A card at 90% utilization hurts even if your overall utilization is 20%.

Timeline: From 620, reaching 670 typically takes 6–12 months. Reaching 700 takes 12–18 months.

Frequently Asked Questions

Is 620 a good credit score?

620 is the minimum threshold for conventional mortgages, which makes it a significant milestone — but it's still considered Fair, not Good. You'll qualify for more products than below-620 borrowers, but rates will still be above average. Reaching 670 (Good credit) should be your next goal.

Can I get a mortgage with a 620 credit score?

Yes. 620 is the minimum for most conventional (Fannie Mae/Freddie Mac) mortgages. FHA loans accept 580+. However, your mortgage rate will be significantly higher than a 700+ borrower — potentially 0.5%–1.5% higher, which adds up to tens of thousands over 30 years.

What is the difference between 620 and 670 credit score?

670 is the start of Good credit. The difference in rates between 620 and 670 is substantial: personal loan rates drop from ~18% to ~12%, auto loan rates drop from ~12% to ~7%, and mortgage rates drop by 0.5%–1%. The 50-point jump from 620 to 670 is one of the most financially impactful improvements you can make.

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