The difference between a 730 and 770 might not be as dramatic as it looks on paper.
- That’s interesting, and honestly kind of reassuring. I used to obsess over every little point jump but maybe it’s not worth the stress.
- One thing I’m still curious about: has anyone actually seen lenders offer perks (like waiving PMI or lower fees) for scores above 760? Or is it just about hitting that main threshold?
- I get that income and reserves matter more, but I always wonder if there’s some “secret” advantage to being in the elite credit club... or is it mostly bragging rights?
I get that income and reserves matter more, but I always wonder if there’s some “secret” advantage to being in the elite credit club... or is it mostly bragging rights?
Honestly, once you’re over that 760 mark, it’s mostly bragging rights in my experience. When I refinanced last year, my lender didn’t care if I had a 765 or an 800—they just checked that I was above their top tier. The real perks seem to stop at that threshold. I used to stress about every little point too, but it’s just not worth the anxiety. Focus on the big stuff like income and cash reserves—those actually move the needle.
Isn’t it funny how we all obsess over those last few credit score points, but lenders just lump us into broad categories anyway? I’m curious—has anyone actually seen a tangible benefit from having, say, an 820 versus a 770? Or is it just peace of mind at that point?
- Just went through a refi last year. My score was 815, but the lender basically shrugged and said anything over 760 gets you the same rate.
- Didn’t see any extra perks or faster approval for being above 800.
- The only real difference I noticed was my own peace of mind, honestly. Maybe it helps with insurance rates or credit cards, but for mortgages? Not really.
- I’d say once you’re in that “excellent” bracket, it’s diminishing returns.
Yeah, that’s pretty much been my experience too. Once you’re over 760, lenders just see you as “excellent” and move on. I’ve had deals where my score was in the low 800s and others in the high 700s—never saw a difference in rates or how fast things moved. The peace of mind is nice, but in terms of real perks for mortgages, it’s just not there. For investment properties, sometimes a strong score helps with portfolio loans or lines of credit, but even then, it’s more about being above their cutoff than hitting some magic number.
