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720 puts you in prime mortgage territory. You'll receive near-best rates from all lenders and qualify for jumbo loans. This is a strong score for homebuying.
Our Top Picks for 720 Credit Score
Best Rate at 720
Better.com
APR Range5.90% – 6.50%
Min. Credit Score620
Why we recommend it: Better.com offers their best conventional rates to 720+ borrowers with no origination fee, making them the top choice for cost-conscious buyers.
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Best for Jumbo Loans
Rocket Mortgage
APR Range5.95% – 6.60%
Min. Credit Score620
Why we recommend it: Rocket Mortgage offers competitive jumbo loan rates for 720+ borrowers with loan amounts up to $3 million.
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Best Comparison
Credible
APR Range5.90% – 6.60%
Min. Credit Score620
Why we recommend it: At 720, you're in prime territory and multiple lenders will compete aggressively for your loan. Credible captures that competition.
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Frequently Asked Questions
What is the mortgage rate for a 720 credit score?
720 borrowers qualify for near-best rates — typically 5.9–6.6% in the current environment. The best rates (5.75–6.25%) are reserved for 740+ borrowers.
Can I get a jumbo loan with a 720 credit score?
Yes — most jumbo loan lenders require 700–720 minimum. At 720, you qualify for jumbo loans (above $766,550 in most areas) with competitive rates.
How much does improving from 700 to 720 save on a mortgage?
On a $400,000 mortgage, improving from 6.5% (700) to 6.1% (720) saves $98/month or $35,280 over 30 years.