“Do you know anything about credit scores? My credit score is 872 but I heard the highest possible score is 850…”
Answer:
Congrats for having such a high score. But you’re right in that the maximum score for home loans is 850.
There are 3 types of FICO scores with their own ranges of possible scores:
350-850: “FICO 8”, used by the mortgage industry
250-900: “Auto”, used by the auto industry
250-900: “Bank card”, used by the bank card industry
So your 872 score was in the context of buying a car or getting a bank card.
Note: “FICO 8” is an update to reflect today’s credit world in light of all the mortgage defaults over the past few years. The 350-850 scoring is the same.
