When people with two different FICO scores apply for a mortgage...

[Anonymous]

Hi all,

I have a score in the low to mid 700s and my fiancee has a FICO score of 809. When we apply for a mortgage will the bank average the two to determine the rate we qualify for? Do they just look at the lower score?

I'm a bit confused and any help will be appreciated!

[llecs]

Lenders will take the middle score of your three scores if apping alone and the lower of the two middle FICO scores if apping jointly.

[Anonymous]

aha...thanks for the answer!

[Anonymous]

just to clarify...and those three scores being the FICO score from Equifax and the two credit scores from Experian and TransUnion, right?

[llecs]

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HarryKeogh wrote:
just to clarify...and those three scores being the FICO score from Equifax and the two credit scores from Experian and TransUnion, right?

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Correct. Before considering apping for a mortgage, you'd want to pull all 3 FICO reports for both you and spouse.