An "A" Credit Borrower is usually someone who has a credit score of over 720.
The credit score is usually the "mid score" or the middle of the three credit scores that a borrower receives from the different credit bureaus on their credit report.
For example, if a borrower's three credit scores are: 740 710 690 then their midscore is 710.
Having one of the scores above 720 is not enough.
If a borrower had credit scores of: 740 725 710 then their midscore is 725 and they are considered an "A" credit borrower.
A borrower with this type of credit normally gets the best possible rates a lender will offer.
Lender rates are usually a combination of: credit score ability to document income ability to document assets downpayment size amount of equity in a property Having a very high credit score is one of many factors that will go into the lender calculating your interest rate.
A borrower with a 725 mid credit score on their credit who is seeking 100% financing may end up with a higher rate than a borrower with a 700 mid credit score on their credit if this borrower is making a 30% down payment.
From the lender's perspective a 30% down payment helps make their loan a lot less risky.
As such they can offer a better rate.