"The average buyer may not be able to pay for big-ticket items in one lump sum; for that, they need a loan. Your chances of getting a good deal, however, are as good as your credit score. Two Dallas home loans may have the same amount and terms, but the interest rate fluctuates with every rise and fall of the credit score. Credit scores of 700 and above put you up for an interest rate of no more than 4.24 percent, according to credit scoring company FICO, based on a $200,000 loan. At 640 and below, the interest rate for the same loan increases to more than 5 percent."
http://dallas.churchillmortgage.com/industry-news/the-importance-of-good-credit-scores-in-securing-home-loans-in-dallas/
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