Finance
An Arizona borrower with a 620 credit score applying for a conventional loan would most likely:
AQualify easily for the best available rate
BFace higher interest rates and stricter requirements than a borrower with a 760 score✓ Correct
CBe ineligible for any conventional loan
DOnly qualify for an FHA loan
Explanation
Conventional lenders use risk-based pricing—lower credit scores result in higher interest rates (through loan level price adjustments) or stricter qualifying requirements. A 620 score may qualify for conventional but at a less favorable rate than 760+.
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