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Applied for mortgage. Scores showed lower that myfico.

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Applied for mortgage. Scores showed lower that myfico.

I applied for a mortgage today. I also pulled myFICO scores today and the lender said my scores are a lot lower that myFICO shows. Why is that? Do all mortgage lenders get different scores? Should I apply somewhere else?

Message 1 of 5
4 REPLIES 4
Established Member

Re: Applied for mortgage. Scores showed lower that myfico.

From what I have been reading, FICO08 vs FICO04. MyFico gives FICO08 which is used by most lenders. Such that:CCs, auto, etc. FICO04 is used by mortgage companies. 

Starting Scores: EQ - 608(7/12/13) TU CK - 638(8/14) | Current Scores: EQ - 698(10/15/15) TU - 721 (10/22/15)
Gardening since: October '15

Message 2 of 5
Regular Contributor

Re: Applied for mortgage. Scores showed lower that myfico.

Yea, I just received pre-approval. My EQ and EX were about 30 points lower and my TU was almost 100 points lower on my mortgage pull vs. my fico.

Message 3 of 5
New Member

Re: Applied for mortgage. Scores showed lower that myfico.

Oh wow I had no idea there were so many. Thanks for the info.

Message 4 of 5
Established Member

Re: Applied for mortgage. Scores showed lower that myfico.

No problem! 

 

The versions and different types can be found here:

 

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/The-many-flavors-of-FICO-Editions-version...

Starting Scores: EQ - 608(7/12/13) TU CK - 638(8/14) | Current Scores: EQ - 698(10/15/15) TU - 721 (10/22/15)
Gardening since: October '15

Message 5 of 5
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