What's the Average Credit Score for a Closed Loan?

If you have had a previous short sale or another negative impact on your credit score you may be wondering how much you need to improve your credit score in order to obtain a home loan. 
You might find these numbers provided by the Cromford Report rather interesting. According to Ellie Mae, the average FICO score for a closed loan was 728 in June. Given that it was 727 in December 2013, there is not much sign that credit standards have been lowered so far. However, a higher percentage of loan applications were closed (60.7%) over the previous 3 months compared with the number reported last December (54.3%). Conventional loans closed most frequently (61.6%) with VA loans at 58.0% and FHA loans at 57.0%.There is some news that delinquent medical debt will have a much lower impact on FICO scores going forward.