Valued Member
shorttough
Posts: 44
Registered: ‎11-07-2012
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

 

Valued Contributor
AndySoCal
Posts: 1,941
Registered: ‎04-07-2009
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 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
Established Contributor
foofighter74
Posts: 828
Registered: ‎12-09-2012
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.