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?
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.
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.
The versions and different types can be found here: