Got Pre-approved

[Oyiwaa]

Hello,

This is a baby step - but thought i would give feedback.  I got pre-aproved yesterday for an FHA loan ($250K).  Incidentally, my middle score was much better from the lender pull - - here they are for comparison:

MyFico (Nov 1):  EX=634 / EQ=649 /TU=666

Lender: (Nov 25):  EX=682 / EQ=649 /TU=687

Next week, I might approach another lender for a second opinion (hope the second credit pull will not be detrimental to my scores).

In the meantime, my landlord and I have to agree on  the asking/selling price for the home - please see my other post on this issue

thanks to all for your support ...

rgds, Oy

[DallasLoanGuy]

congrats......

the extrea credit pull with have zero impact.... all mortgage pulls in 30 days = 1 pull

[Oyiwaa]

Thanks - will it appear as just one inquiry -- or multiple inquiries will still appear, though they count as one ?

[203bravo]

Each pull will appear.. but the FICO formula only counts them as 1 pull for the score.

[DallasLoanGuy]

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@203bravo wrote:

Each pull will appear.. but the FICO formula only counts them as 1 pull for the score.

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203 speaketh the truth