To get the lowest interest rate available, what should your FICO score be?

To secure the lowest interest rates available, a FICO score of 760 and above is generally considered necessary. Lenders typically use the FICO score to assess the risk of lending money to an individual. A score in this range demonstrates to lenders that the borrower has a solid credit history and is less likely to default on loans, which leads to more favorable loan terms, including lower interest rates.

Borrowers with scores below this level might still qualify for loans, but they are likely to face higher interest rates, reflecting the increased risk perceived by lenders. This score range signals responsible credit management, timely payments, a good mix of credit types, and low credit utilization, all of which contribute to better interest rates.