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Pre-Qual hits on Credit Score

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enginerd
New Visitor

Pre-Qual hits on Credit Score

I need to get a pre-qualification in the next couple days for a home loan. I understand who pre-quals me doesn't have to be the lender I use for the loan. But will be credit get it twice if I use a different company? Do all companies use a hard pull in order to prequalify you?

Message 1 of 3
2 REPLIES 2
StartingOver10
Moderator Emerita

Re: Pre-Qual hits on Credit Score

Yes, its a hard pull for a PQ.

Every lender has to actually pull your credit to issue a true PQ.

Message 2 of 3
Peter1142
Established Contributor

Re: Pre-Qual hits on Credit Score

If they are done within 14 days of each other they are treated as one inquiry by FICO scoring.

Message 3 of 3
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