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Does a Mortgage Pre-Qualification Affect Your FICO Score?

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Anonymous
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Does a Mortgage Pre-Qualification Affect Your FICO Score?

I'm aware of the difference between a mortgage pre-qualification and a mortgage pre-approval. My question is: Does a pre-qualification appear on my credit report and does it affect my FICO score?

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Anonymous
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Re: Does a Mortgage Pre-Qualification Affect Your FICO Score?

If the lender is pulling your credit, then you will have an additional inquiry on all three bureaus. If you are shopping for a mortgage, it's best to do it within a 30 day timeframe since the impact will be lower. 

 

For FICO scoring purposes, inquiries lose their impact after 1 year. However, they remain on your report for two years. 

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