Established Member
Posts: 51
Registered: ‎04-01-2013

Mortgage finally hit credit report - score change

I closed on my condo about 5 weeks ago, and it finally hit my credit report. I was not expecting a huge change in score, and it wasn't very dramatic. It bumped me up 6 points to 726 from 720. Before I applied for the mortgage back in April, my score was 740 but multiple hard pulls on my credit by my mortgage lender spaced out because of the construction delays caused it to drop by around 40 points. I also took out 3 new credit cards right after I got the clear to close to get approved before my score was impacted too dramatically from the hard pulls on the mortgage. It all worked out quite well as I got the cards I was hoping to get with good limits. My only charge card / non-store credit card was a $1,200 limit CapOne card which sucked, but I had closed down all my other cards about 4 years ago to reign in spending, save and prepare for buying a home. My 3 new cards have a combined limit of $35k which I think will end up raising my score further once the pulls age of my report. I don't intend to run up balances on any of the cards but use the main rewards card for daily purchases to earn flights (SW card) and pay in full each month. I wanted to give you all a heads up of what my score did after the mortgage hit, but obviously everyone's experience will differ.

CLs: AMEX TE $20k, Chase SW $14.5k, Chase Freedom $10k, Nordstrom $10k, Discover $10k, CU Denver MC $5k, Best Buy $3.5k, Express store card (1st credit card!) $3.2k

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.