topic Re: Pre Approval Credit Score in Mortgage Loans

Pre Approval Credit Score

Anonymous — Thu, 03 Jan 2013 18:22:49 GMT

Hi!

When I go to apply for pre approval through my bank will they pull a hard hit on my credit score? Also, while not exactly pertaining - anyone know how long the pre approvals are good for?

Thanks

Re: Pre Approval Credit Score

Mama-j — Thu, 03 Jan 2013 18:25:05 GMT

It's usually good for 120 days, not sure if it's a hard or soft pull though.

Re: Pre Approval Credit Score

Anonymous — Thu, 03 Jan 2013 18:56:21 GMT

Yes they will pull credit and will be a hard pull.

Re: Pre Approval Credit Score

Anonymous — Fri, 04 Jan 2013 04:47:32 GMT

Yep it is a hard pull and it is typically good for 120 days. They typically do a soft pull before closing to make sure your score isn't significantly lower than the original so don't get too comfy with the pre approval...continue to maintain your score as best you can.

Re: Pre Approval Credit Score

beb86 — Fri, 04 Jan 2013 05:18:37 GMT

@Anonymous wrote:
Hi!

When I go to apply for pre approval through my bank will they pull a hard hit on my credit score? Also, while not exactly pertaining - anyone know how long the pre approvals are good for?

Thanks
D

My CR and pre-approval were good for 90 days

Re: Pre Approval Credit Score

Anonymous — Fri, 04 Jan 2013 13:21:54 GMT

Thank you all for the info!