Borrower FICO Scores Hit 8-year Low

May 25, 2017 Aly J. Yale

According to a new report, the average FICO score of an American mortgage borrower has hit its lowest point since 2008. Currently, the average borrower has a FICO score of just 729. Broken down by lender type, borrowers of bank-originated loans have an average FICO score of 743, while borrowers of independent, non-bank loans have an average score of 719.

The post Borrower FICO Scores Hit 8-year Low appeared first on theMReport.com.

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