For example, in our pre-requisite courses, a grade of 90 or above may be required to get an A in the course, while a grade of 70 or above is required to pass. The MCAT doesnât really work that way. In fact, the variability between whatâs considered a âgoodâ or âbadâ MCAT score is enough to make your head spin! Without a hard cutoff score for passing or failing, it can be tough to âwork smarter and not harder.â This can be good news or bad news for prospective medical students.
Using a credit score to determine the likelihood of a potential tenant paying rent in full, on time, and throughout the life of the lease is not a personal attack. It's simply a business decision. Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher.
FHA loans: Like VA loans, FHA loans are backed by the federal government. Thereâs no credit score minimum, but most FHA lenders prefer a score of at least 620. In 2014, some lenders theoretically dropped their minimum score to 580, but lenders have generally set higher standards since the mortgage meltdown. Successful FHA borrowers typically have higher scores. The average credit score for all FHA purchases in 2014 was 684, which is well above the minimum 580 score. FHA loans also require a down payment of 3.5 percent, as well as both an up-front mortgage insurance premium and monthly mortgage insurance, which now runs for the life of the loan.