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National Credit Score: 735
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You're Now Reading:
National Credit Score: 735
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
National Credit Score: 735
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January 18, 2011 (Shirley Allen)
mortgage-credit-score-image
According to the results of a recent state by state study conducted by Mortgage Marvel, the national credit score average is 735. The study was conducted by analyzing over 340,000 first mortgage applications that also revealed that the state with the highest average was California, with the state of Mississippi having the lowest average credit score of 695.

“These are interesting results,” said Rick Allen, Mortgage Marvel’s Product Manager.  “With all of California’s well-publicized issues with decreasing property values and foreclosures, I would have expected it to be well down the list.  Many Californians have clearly figured out how to weather the financial storms.”

The study found that credit scores in western region and the northeast region had the highest credit scores, while the southwest and the southeast had the lowest credit scores. What causes the variances between the regions?  Income appears to be a factor. Based on data from U.S. Census Bureau from 2008, the western and northeastern markets also have the highest per capita income.

Region Avg. Credit Score Average Per Capita Income
West 747 40,121
Northeast 738 44,037
Midwest 734 38,272
Southeast 726 35,130
Southwest 719 35,381

“When I first looked at the results, I was a bit surprised that the results did not more closely follow the most troubled real estate markets,” observed Allen.  “After we looked closer, however, we found that per capita income levels for 2008 as reported by the U.S. Census Bureau show a similar landscape with the West and Northeast at the top of the list and the Southwest and Southeast at the bottom.  This led us to conclude that there is a closer correlation between the strength of the credit score and the per capita income of the region.”  

 Here’s a list of the ten states with the highest average credit score:

Rank State Region Average Credit Score
1 California West 755
2 Hawaii West 752
3 Connecticut Northeast 751
4 Oregon West 751
5 Wisconsin Midwest 747
6 Minnesota Midwest 745
7 Rhode Island Northeast 745
8 Massachusetts Northeast 744
9 New Hampshire Northeast 744
10 Vermont Northeast 744

 And the 10 states with the lowest average credit scores: 

Rank State Region Average Credit Score
41 Michigan Midwest 716
42 South Carolina Southeast 716
43 Texas Southwest 716
44 Wyoming West 716
45 Oklahoma Southwest 710
46 Louisiana Southeast 709
47 Arkansas Southeast 707
48 Tennessee Southeast 704
49 West Virginia Northeast 700
50 Mississippi Southeast 695

Tags: credit score, highest credit score, lowest credit score

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

January 18, 2011 (Shirley Allen)
mortgage-credit-score-image
According to the results of a recent state by state study conducted by Mortgage Marvel, the national credit score average is 735. The study was conducted by analyzing over 340,000 first mortgage applications that also revealed that the state with the highest average was California, with the state of Mississippi having the lowest average credit score of 695.

“These are interesting results,” said Rick Allen, Mortgage Marvel’s Product Manager.  “With all of California’s well-publicized issues with decreasing property values and foreclosures, I would have expected it to be well down the list.  Many Californians have clearly figured out how to weather the financial storms.”

The study found that credit scores in western region and the northeast region had the highest credit scores, while the southwest and the southeast had the lowest credit scores. What causes the variances between the regions?  Income appears to be a factor. Based on data from U.S. Census Bureau from 2008, the western and northeastern markets also have the highest per capita income.

Region Avg. Credit Score Average Per Capita Income
West 747 40,121
Northeast 738 44,037
Midwest 734 38,272
Southeast 726 35,130
Southwest 719 35,381

“When I first looked at the results, I was a bit surprised that the results did not more closely follow the most troubled real estate markets,” observed Allen.  “After we looked closer, however, we found that per capita income levels for 2008 as reported by the U.S. Census Bureau show a similar landscape with the West and Northeast at the top of the list and the Southwest and Southeast at the bottom.  This led us to conclude that there is a closer correlation between the strength of the credit score and the per capita income of the region.”  

 Here’s a list of the ten states with the highest average credit score:

Rank State Region Average Credit Score
1 California West 755
2 Hawaii West 752
3 Connecticut Northeast 751
4 Oregon West 751
5 Wisconsin Midwest 747
6 Minnesota Midwest 745
7 Rhode Island Northeast 745
8 Massachusetts Northeast 744
9 New Hampshire Northeast 744
10 Vermont Northeast 744

 And the 10 states with the lowest average credit scores: 

Rank State Region Average Credit Score
41 Michigan Midwest 716
42 South Carolina Southeast 716
43 Texas Southwest 716
44 Wyoming West 716
45 Oklahoma Southwest 710
46 Louisiana Southeast 709
47 Arkansas Southeast 707
48 Tennessee Southeast 704
49 West Virginia Northeast 700
50 Mississippi Southeast 695

Tags: credit score, highest credit score, lowest credit score

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

January 18, 2011 (Shirley Allen)
mortgage-credit-score-image
According to the results of a recent state by state study conducted by Mortgage Marvel, the national credit score average is 735. The study was conducted by analyzing over 340,000 first mortgage applications that also revealed that the state with the highest average was California, with the state of Mississippi having the lowest average credit score of 695.

“These are interesting results,” said Rick Allen, Mortgage Marvel’s Product Manager.  “With all of California’s well-publicized issues with decreasing property values and foreclosures, I would have expected it to be well down the list.  Many Californians have clearly figured out how to weather the financial storms.”

The study found that credit scores in western region and the northeast region had the highest credit scores, while the southwest and the southeast had the lowest credit scores. What causes the variances between the regions?  Income appears to be a factor. Based on data from U.S. Census Bureau from 2008, the western and northeastern markets also have the highest per capita income.

Region Avg. Credit Score Average Per Capita Income
West 747 40,121
Northeast 738 44,037
Midwest 734 38,272
Southeast 726 35,130
Southwest 719 35,381

“When I first looked at the results, I was a bit surprised that the results did not more closely follow the most troubled real estate markets,” observed Allen.  “After we looked closer, however, we found that per capita income levels for 2008 as reported by the U.S. Census Bureau show a similar landscape with the West and Northeast at the top of the list and the Southwest and Southeast at the bottom.  This led us to conclude that there is a closer correlation between the strength of the credit score and the per capita income of the region.”  

 Here’s a list of the ten states with the highest average credit score:

Rank State Region Average Credit Score
1 California West 755
2 Hawaii West 752
3 Connecticut Northeast 751
4 Oregon West 751
5 Wisconsin Midwest 747
6 Minnesota Midwest 745
7 Rhode Island Northeast 745
8 Massachusetts Northeast 744
9 New Hampshire Northeast 744
10 Vermont Northeast 744

 And the 10 states with the lowest average credit scores: 

Rank State Region Average Credit Score
41 Michigan Midwest 716
42 South Carolina Southeast 716
43 Texas Southwest 716
44 Wyoming West 716
45 Oklahoma Southwest 710
46 Louisiana Southeast 709
47 Arkansas Southeast 707
48 Tennessee Southeast 704
49 West Virginia Northeast 700
50 Mississippi Southeast 695

Tags: credit score, highest credit score, lowest credit score

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.