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Mortgages blog posts

Average Homebuyer Credit Score Drops

Ryan Platzke
A recent report from Ellie Mae, a mortgage software company who processed over 3.7million loan applications in 2014, showed that the average credit score for home buyer has decreased. For the month of September the average FICO score for mortgage borrowers was 723. In comparison, in September of 2014 the average FICO score was 732