11-14-2012 05:48 AM
Ok, asraised as of 2 days ago I wanted to see if my scores was matching what I've been pulling here on my FICO incomparison with lenders. A broker pulled my scores and they were 620/620/657. Now, he told me I pre qualified, but he could certainly pre approve me if I sent income forms, ID, etc. the only problem is the first time home buy program I wanted to go through in my state needed a score of 640 in order to get down payment assistance, and theinterest rate is 2.75% whereas I'm hearing FHA is a 3%-3.5%
So, my main question is, I know I can get my score up another 15-20 points in two months but now I am worried since he pulled my scores with a hardmpull and when I try to reapply in another month or two, I will probably get denied because of the score pull. Am I over worrying or am I in the clear since I didn't actually apply for anything but just a hard pull from a mortgage broker?
Thanks I really need to know.
11-14-2012 10:29 PM
11-15-2012 12:20 AM
It's not a big deal. Your future lender might ask about that pull, but you can explain to them that you applied x months ago and although approved, you wanted to wait for the right time and delayed it for a short bit.
11-15-2012 12:35 AM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com 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 myFICO.com). 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.