Scores range between 200 and 800.  Scores above 620 are considered desirable for obtaining a mortgage.  These factors will affect your credit score:

Your payment history: Whether you paid credit cards and other things on time.

How much you owe:  Owing a great deal of money on various accounts can indicate that you are overextended.

The length of your credit history: In general, the longer the better.

How much new credit you have: New credit, whether installment loans or new credit cards, are considered more risky, even if you pay promptly.

Generally, it is desirable to have more than one type of credit- installment loans, credit cards and a mortgage, for example. For evaluating and understanding your credit score, go to www.myfico.com.

This article was used with permission from www.realtor.org.

If everybody thinks the same thing someone isn't thinking!!!  George S. Patton