Difference in Mortgage and FICO scores..

[Anonymous]

Hello all.. I received a call from my builder that the home i am having built will be ready mid June. The bank is waiting to start the loan process until my scores are high enough to qualify.

My question is this -- When I pull my scores, they range in the mid 600's but when the lender pulls the scores they are in the low 500's (520) to low 600's (630) - with the mid score being around 550 -- What is the difference in the pulls? Are there different types? How will this affect me going forward?

I am very new to all of this and trying to be a first time homeowner. Thanks in advance.

[Anonymous]

Where are you pulling your scores from?

You said scores, as in plural, so I'm going to go ahead and assume you pulled all 3 bureaus, which leads me to conclude that you are pulling FAKOs (which aren't true FICO scores)... hence the deviation from the lender pulls...

But, I'd rather not leave that up to conjecture and actually hear where you got those from.

In any instance, I'd say, the lender's numbers are the ones to follow.

[Anonymous]

I guess they are not true scores. I am getting scores from creditkarma, creditsesame, and I pulled a score from this site.  I had also did the freescore.com.

[by2]

Roger not true scores at all!

[llecs]

---

@Anonymous wrote:

I guess they are not true scores. I am getting scores from creditkarma, creditsesame, and I pulled a score from this site.  I had also did the freescore.com.

---

Ditto to the prev. poster. CreditKarma offers non-FICO scores (we call FAKOs) called TransRisk and VantageScores. CreditSesame offers a FAKO called a National Equivalency Score for EX, and FreeScore.com offers TransRisk scores. No lenders use TransRisk or the National Equivalency Score. There are a small rare number that use Vantage, but it is highly likely your lender isn't using it. The score ranges vary from FICO and these scores factor in stuff that FICO does not, and vice versa. It's very easy to see your FICO increase and these FAKOs decrease for the same reason. IMO, ignore them.

Which FICO did you get from here? If you pulled EQ, it is very highly likely that the score matched your lender's. If TU was pulled, there's a chance it matched, but odds are that your lender pulled a newer version of your TU FICO which can cause a score difference.