Mortgage lender 1st pull or last pull will cause the 5 point drop??? H E L P PLEASE!

[cocomadd]

Hi I have a good question.  I understand when lender pulls credit there is a 5 point drop.  When do I lose the 5pts is it with the initial report? Does it already reflect on the printed report on that day or will it refelct after the two week period of applying is over.  The reason why I ask is because my middle score is very close to 640 and I can not afford to drop immediately.

H E L P

[llecs]

So that there's a fair comparison had you had multiple apps with different lenders (aka rate shopping), FICO will delay any potential score impact of any inquiry and will delay that ding until after the duplication window expires. That window varies by FICO version used by your lender but it generally is 14-45 days with most versions 30 or 45 days. 

Not all inquiries will drop your FICO though. Most of my lender pulls resulted on no FICO drop. At time of my mortgage app, my EQ FICO dropped 3 at the end of 30 days with no other changes.