How long does it take for a mortgage to hit your credit reports?

[Anonymous]

My lender is BOA (who posted my cc immediately) and I closed last week. My first payment isn't until February, but I was hoping it would hit my report before then.

[nicemann]

Not sure about BoA for mortgages.  I got one with GMAC and it took 90 days for them to post it on my CRs.  I have several CCs with BoA and you are correct they report them right away.  Not sure if they have a different policy for their mortgages.

[DallasLoanGuy]

 with bnot sure about bofa.... but it could take up to 6 months with some lenders.

i think they dont report until they decide whether they are going to service it or sell it

Message Edited by DallasLoanGuy on 12-17-2008 07:28 PM

[WhirledPeasPlease]

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DallasLoanGuy wrote:

 with bnot sure about bofa.... but it could take up to 6 months with some lenders.

i think they dont report until they decide whether they are going to service it or sell it

Message Edited by DallasLoanGuy on 12-17-2008 07:28 PM

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I knew my mtg would be sold after the first month, but the orig servicer reported it within a month of closing.  It was sold to Chase and they reported almost on day one of taking over the loan.  Too bad the orig servicer didn't update status immediately -- for awhile I was showing 3 mortgages and total debt of around 420k!  Egads! 

[Anonymous]

Mine reported within two weeks of making my first payment.

I had no change to EX or TU and a 5 point increase to EQ. This was my very first home loan.