Score dropped 20 points while in Underwriti
04-11-2011 08:00 PM
Hey guys! My score dropped 20 points while in underwriting. I started out with a 640 middle score during pre qualification. My loan is now in underwriting and yesterday I got my new scores and it is now a 620 with fico. I didnt open any new credit lines or anything like that. The reason why it dropped was because I paid off my motorcycle and car last month and 2 banks ran my credit scores last month to see if I prequalify for the loan. Will this stop me from being able to close? It is a VA loan with Wells Fargo.