FICO Score

Definition

A three-digit number between 300-850 that essentially determines your financial destiny and your ability to borrow money at reasonable rates.

Example Usage

Our FICO scores were 740+, which qualified us for the lender's best mortgage rates.

Origin

Fair Isaac and Company (FICO) created the scoring model in 1989

Fun Fact

A 50-point difference in FICO score can cost you tens of thousands in additional interest over a 30-year mortgage.

Source: Credit reporting standards

Related Terms

Intermediate

Rental Yield

Annual rental income divided by property cost, an investment metric that helps you understand if you're actually making money.

🏠 Real Estate

Beginner

DOM

Days On Market—the number of calendar days a listing has been active, serving as a digital scarlet letter that either signals a property is priced wrong or has bodies buried in the backyard. The higher the number, the more desperate everyone becomes.

🏠 Real Estate

Intermediate

fractional

Partial ownership or time-sharing of an expensive asset (real estate, jets, yachts) without the full price tag or commitment. For people who want the luxury experience but want to hedge their bets. It's basically 'I don't want to fully commit to this $20 million decision.'

🏠 Real Estate

Intermediate

GRM (Gross Rent Multiplier)

Property price divided by annual rental income, a quick valuation metric for income-producing properties.

🏠 Real Estate

Advanced

Cost Segregation

Breaking down property components into depreciable categories with different useful lives to accelerate tax deductions—basically legal tax magic for real estate investors.

🏠 Real Estate

Intermediate

triple net lease

A commercial lease where the tenant pays all property expenses including taxes, insurance, and maintenance in addition to base rent. Abbreviated NNN, it's the landlord's dream where they collect rent while you pay for literally everything else.

🏠 Real Estate

Translate This Term

See “FICO Score” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

Try the Translator

Share This Term

Post on X Share on Facebook Share on LinkedIn

Discover a Term

Beginner

logo collecting

When a startup prioritizes acquiring recognizable brand-name customers purely for credibility, even if those deals are u...