Economists' Outlook

Housing stats and analysis from NAR's research experts.

Credit Still Tight? FHA FICO Scores Are Up


  • Composite FICO scores among FHA mortgage endorsements have risen substantially for both purchase and refinance mortgages.
  • Purchase endorsements had an average FICO score of 633 in 2007 and 658 in 2008. The 2009 average rose to 682 for purchase endorsements and averaged 698 in 2010. In the first months of 2011, scores have continued to increase on average reaching 703 for endorsed purchase mortgages.
  • Average FICO scores for refinance mortgages have risen even more dramatically from just under 620 on average in 2007 to 706 in February 2011, the most recent month for which there is data.
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