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Multiple Mortgage Applications

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Anonymous
Not applicable

Multiple Mortgage Applications

We have just been preapproved for a mortgage from a local bank.  I would like to apply to another bank and a credit union as well.  I qualify for membership to Navy Federal but am not a member.  I have delayed applying for membership because I didn't want to take the inquiry hit on my score.  Should I go ahead and apply for an account as well as a mortgage or look for another credit union? 
Message 1 of 3
2 REPLIES 2
DallasLoanGuy
Super Contributor

Re: Multiple Mortgage Applications

you can shop rates/fees without a full application.

just bring the gfe here for review

 

Retired Lender
Message 2 of 3
ArmyStrong
Frequent Contributor

Re: Multiple Mortgage Applications

I did the same. Local bank, USAA, and NavyFed. Only took a 3pt hit.
TU: 556 12/12/08 ~ EQ: 509 12/12/08 ~ EX: 509 12/12/08
TU: 588 8/7/09 ~ EQ: 529 7/30/09 ~ EX - ?? (509 12/12/08)
TU: 619 9/01/09 ~ EQ: 608 9/01/09 ~ EX - ?? (640 FAKO 9/01/09)
TU: 626 9/30/09 ~ EQ: 624 9/30/09 ~ EX - ?? (640 FAKO 9/01/09)
TU: 659 10/7/09 LO PULL EQ: 624 10/7/09 LO PULL EX: 659 10/7/09 LO PULL
Message 3 of 3
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