Mortgage Loans

[awdsmama]

To take part in the IDA/Individual Development Account program here which matches funds $3 to $1, you have to take part in a homebuying education class.  I'm totally fine with that, I'm sure I'll learn some great things (and hear a lot of repetition of the things learned on here already haha).

But this is what it says on their website:
The fee is $50 for the household, including a 1-bureau credit report. If you are interested in a full 3-bureau credit report, then the cost of the class is $65.

Any ideas on if this will be a hard inquiry on the bureaus?  Or will they have a way to get hte report doing only a soft pull? 

[MovingForward_2012]

I have no idea. I had to take a homebuyer's class online for the loan program I am getting. It cost me $50 and there was no evaluation of my credit reports. It was 8 hours in length and I took it from home over a span of 5 days. I think you will learn a lot. I was surprised by all the things that I didn't know. It was very interesting.

[violetsmom]

It doesn't sound like an inquiry to me, it sounds like an added value of getting a free credit report in addition to the class.

[dricedad]

I teach homebuyer education and our agency also offers a credit report.  We use credco to access our credit reports and it is a soft pull.

[BCullum]

Should be a soft pull just to show you your score, which will not have a bearing on your score.

[dricedad]

We offer a tri-merged credit report and all three scores. Its a soft pull .  The housing agency will probably provide one score and report.

[awdsmama]

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dricedad wrote:

I teach homebuyer education and our agency also offers a credit report.  We use credco to access our credit reports and it is a soft pull.

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Thank  you for the info, I appreciate it!  :-)