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What do you mean by a good score?
As you might know that each of the credit bureau has its own unique system of calculating Credit Score. Even though, the scoring models have been normalized so that a numerical score at one bureau is the equivalent of the same numerical score at another.
When you talk about mortgage industry most of the mortgage companies use FICO scores, as an important factor in the decision whether or not to offer credit. The scores mostly range from 375 to 900 points. But these numbers mean a little on its own. It becomes significant only within the context of a particular lender's own cutoff points and other terms and guidelines.
If your credit score is above 650 then it shows a strong credit history. A score between 620 and 650 (this is average FICO score range) indicate basically good credit, but this also suggest to lenders in the market that they should look at the potential borrower to assess any particular credit risks before extending a large loan or high credit limit. This range can get you credit at good rate but will require few documentations and papers for explanations.
A score which is below 620 can prevent a borrower from obtaining the best interest rates in the market, as 620 can be considered a greater credit risk.
Please feel free to ask more queries in details.
Regards
Jason
