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Mortgage Score vs Regular FICO Score...

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KeithW
Frequent Contributor

Mortgage Score vs Regular FICO Score...

We haven't ever had a mortgage, but are planning to get one soon.

 

I noticed that my Experien Mortgage FICO score is 80 points lower than my Experien FICO number. My TU and EQ on the other hand are only a few points different than my mortgage score.

 

Any thoughts on this?

EQ671 TU673 EX662
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mmmlive1999
Frequent Contributor

Re: Mortgage Score vs Regular FICO Score...


@KeithW wrote:

We haven't ever had a mortgage, but are planning to get one soon.

 

I noticed that my Experien Mortgage FICO score is 80 points lower than my Experien FICO number. My TU and EQ on the other hand are only a few points different than my mortgage score.

 

Any thoughts on this?


Yes, sometimes the FICO scores between models vary wildly because they are based on different algorithms which weigh each portion of your credit report differently.

My Experian-08 is 692 and the mortgage score is 667. I only have one baddie on that report ( collection due to fall off in July) with 5% util. So I know that is weighing more heavily in the mortgage version.

 

Do you have any baddies on the Experian report?  Utiilizaton over 9% ?

 


Starting Score: 6/6/12: TU 585/EQ 472/ EX 561
Current Score: All 800's
Cap1 QS - $17k, Chase Southwest- $25k, Discover IT - $50k
Message 2 of 3
KeithW
Frequent Contributor

Re: Mortgage Score vs Regular FICO Score...

My utilization is 45%. I only have two PIF medical collections on the Eqifax, but they are more than 3 years old.

I do have a couple 30 day later from 2009, but they show on all three reports.
EQ671 TU673 EX662
Message 3 of 3
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