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Regular Contributor
Posts: 122
Registered: ‎10-29-2012
0

Hard inquiry

When applying for a home loan does it matter how many inquiries you have. I'm looking to getting a home loan by next year. I have 10 HP. I'm sure by the time I'm ready half will be fallng off. Thx!

Community Leader
Super Contributor
Posts: 5,666
Registered: ‎03-06-2010
0

Re: Hard inquiry

They will just ask for a LOE for each inquiry, not a big deal.

Regular Contributor
Posts: 122
Registered: ‎10-29-2012
0

Re: Hard inquiry

Oh good.. I was worrying for no reason.. thx!

Super Contributor
Posts: 6,585
Registered: ‎07-03-2007
0

Re: Hard inquiry

rapid acquisition of new credit would be your only problem.... and only a problem if your deal is a hard manual underwrite.

 

 

* While I try to visit the forum often, please feel free to contact me directly with a link to your post if I fail to answer a follow up question.

* Lending across the entire 'Great State of Texas' since 2004
Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
0

Re: Hard inquiry

They usually only ask for a letter of explanation for inquiries incurred within the last 120 days.
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