 TITLE: Mortgage Debt Sees Record Growth Despite Pandemic CONTENT: Credit Scores Among Consumers With a Mortgage Up in 2020\n--------------------------------------------------------\nSince 2019, the credit profile of consumers with a mortgage has improved. The average FICO® Score among Americans with a home loan increased from 747 in 2019 to 753 in 2020, according to Experian data. That's 43 points higher than the national average FICO® Score, which was 710 in Q3 2020.\nThis score improvement mirrors the broader trend of the average FICO® Score increasing over time, but may also highlight the fact that mortgage lenders have continued to employ rigorous lending standards.\nSource: Experian\nThese stats also offer reassurance that the pandemic has not caused widespread trouble (so far) to homeowners' credit scores. If protections had not been put in place to help financially impacted borrowers insulate their credit to some degree, a wave of delinquencies and foreclosures could have severely impacted individual scores and finances overall.\nWhen looking at mortgage borrowers who have scores below the national norm, only around 15% of the consumers with a mortgage in 2020 were considered subprime or super subprime borrowers (those with an average FICO® Score of less than 670). These consumers had a mortgage balance of $160,913 in 2020—23% less than the national average. END