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Mortgage Hard Inquries and its impact

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New Contributor

Mortgage Hard Inquries and its impact

Hi all,

i have applied for mortgage twice, by the same lender. Had to cancel the first application for mortgage 20 days prior to closing due to its location. Anyways.. i applied for mortgage again on a new construction loan on a different lot.

 

How would these inquiries impact me on my scores.

    Inquirer             CREDCO              (Final underwriting on our current lot)
    Date of Inquiry             08-2013   

 

 

    Inquirer             CREDCO              (pre-approval for mortgage & construction to start)
    Date of Inquiry             04-2013


    Inquirer             CREDCO              (Final Underwriting for closing on 1st home)
    Date of Inquiry             02-2013


    Inquirer             CREDCO              (pre-approval for mortgage & construction to start)
    Date of Inquiry             10-2012

 

 

EQ 729

Trans 729

Exp 676

 

thanks

 

As Of 11/11/2016

TU-793
EQ-801
EX-754
2 REPLIES
Valued Contributor

Re: Mortgage Hard Inquries and its impact

These would be treated as four inquires on your credit report. If the inquires were within a 30 day period they wouldf be treated as one inquiry by FICO.  This unique to Auto, Mortages and Student loans there maybe one catagory I am missing.

Equifax My FICO score 814 11/29/2016, Discover TU FICO 807 12/29/2016 Citibank Equifax Bankcard FICO score 827 12/27/2016 Average of Accounts 13 years and no Installment accounts, 1 TU inquiry in 2015
Established Contributor

Re: Mortgage Hard Inquries and its impact

The credit inquiry in August won't hurt you until you app for something else after the mortgage is closed on.