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Owning a home affect FICO score?

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m00nScape
Member

Owning a home affect FICO score?

Okay, for whatever reason. My mom purchased a house and paid in full with my name on the title. Will this affect or show in my credit score / report in any way? Because I have pretty darn good score for a 22 year old and don't want that being messed up.

Message 1 of 4
3 REPLIES 3
m00nScape
Member

Re: Owning a home affect FICO score?

Oh yeah, there was no loans or anything like that, it was paid full in cash.

Message 2 of 4
smallfry
Senior Contributor

Re: Owning a home affect FICO score?

Doesn't matter one bit.

Message 3 of 4
Jazzzy
Valued Contributor

Re: Owning a home affect FICO score?

Hi m00nScape,

 

No, owning a house won't affect your FICO score. It's the mortgage (loan) on the house that would show up on your credit report and therefore affect your scores. But, since there was no loan, it won't show on your reports.

Message 4 of 4
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