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Credit Pull after conditional Approval comes back question..

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Abelcrdn
Regular Contributor

Credit Pull after conditional Approval comes back question..

SO my wife and i are buying a new build home and have been told that they will not be pulling our credit again unless the completion date is after 10-10 since we are within the timeframe where our original credit pull will still work. We are using US bank. Is this normal ? I thought that they always pulled a second time? We are currently locked in at a 3.5% rate FHA and set to close within the next two weeks. I feel like i am over thinking this but can someone give me some insight? 

12/23 Fico Score 8 TU-761 EX -747 EQ-734
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me12345
Frequent Contributor

Re: Credit Pull after conditional Approval comes back question..

They will do a "Refresh" 10 days or less from the Note date....This is not a HP and it wont re-score you, they are just looking for new Tradelines or higher liabilities that could effect your DTI...so its more like a "Soft Pull"

 

So dont go buy a new car!

 

Thanks,

VA & FHA down to 550...
Licensed Senior Mortgage Loan Officer in the states of Arizona & California
Specializing in VA, FHA, USDA & Conventional loans. My company is also licensed in 12 states, Arizona, Colorado, Nevada, California, Oregon, Washington, Utah,
Alaska, New Mexico, Texas, Illinois and Florida
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