What is a good credit score?

The answer to this question depends on a lot of things, but generally, scores of 720 and up will get you the best rates.
680-719 is another tier down, then 640-679. Scores under 620 are usually considered "subprime" loans and will require you paying a higher interest rate. Anything under 500 is extremely hard to get financing.

As a living expense budget consists of many factors, so does what goes into an interest rate and their credit score is only a part of it...We all know a person with a higher score, going stated on a rural property non-owner occ'd at 100% can pay a higher rate than someone with a lesser score financing 50% full doc living in the home...Once this is explained it can keep a client from dwelling on their credit, good or bad...

If you have a workable credit file, why would you ever tell them anything other than it's a good score?...Make them feel good about themselves and they will make you feel good by giving you their business!~

Why is my credit score so low? I pay all of my bills on time and have never been late on anything.

This is one of the most common questions asked and there can be many different reasons why your credit score is not where it should be. The most common reason for a below par credit score, even if you have perfect credit, is due to having too much revolving credit. Revolving credit is debt such as credit card debt. If you have a lot of different credit cards and most, if not all, of them are maxed out to their credit limit then this can be a major reason for a low credit score. The ideal maximum credit limit to actual balance ratio is to owe roughly 20-40 percent of what your available credit limit is. An example would be if you have a credit card with a $1,000 maximum limit, to use only between $200 and $400 on that credit card. Another reason for a low credit score could be that you have just way too much credit overall or a poor mix of credit. A person who has 50 different open credit accounts on their credit with balances would be a higher credit risk than a person with 5 open credit accounts with balances. Having a nice blend of credit will help increase a credit score. A nice blend of credit would be to have a couple of revolving credit accounts, an installment credit account (or two), and a mortgage account. A poor mix of credit might be 5 installment accounts (such as car loans, personal loans, etc...) and no other open credit accounts. Another reason for a low credit score could be due to the fact that you may not have a long established credit history with "aged" accounts that have been open for a long time and are still open. Many people make the mistake of closing some of their credit card accounts once they pay them off or if they don't use them anymore or even if they just don't want to have the account any longer. This can be a mistake because your credit score is rewarded for long established accounts and penalized if you only have new credit. There are many other reasons why your credit score can be lower than you think it should be even if you have never missed a payment in your life. Consult a mortgage professional if you would like some help on learning more about credit and how to increase your credit scores.