Not sure if they 'Fine Comb it' but I know my person pulled all three and literally went with the middle....If it is a certain score they may look through the middle score to see why it is what it is but when he told me this is what he pulled I told him that is EXACTLY what I saw on my Mortgage Score (the middle)
I think they look at the data on all three reports. I had to write of letter of explanation about an address I never lived at and a mis-spelling of my name. The two items were off two different bureaus.
Hi y’all. So I’m curious since lenders use an applicants mid score to determine credit worthiness for a mortgage loan, do lenders look at all three credit reports with a fine tooth comb? Or do they run a credit check, see which report has the mid score, and then take a closer look at said report? My eq has two negatives that my other two reports do not. One of those negatives is scheduled to fall off in 2022 the other i am hoping to get lucky on some goodwill. I am in no rush in home buying as Im living with family and paying minimal in rent. Thanks in advanced for all helpfulness.
The best way to explain it is this. Your credit score gets your foot in the door but what's "on" your credit report will determine whether or not you qualify.
In other words, you could meet the minimum credit score requirement & not be eligible for a mortgage due to what's in your credit history.
All 3 credit bureaus will be reviewed.
They look at everything on all three reports. Heck, I had an old charge off only reporting on one bureau, it fell off a couple of months ago, and they STILL say I may have to pay it because it was on the first report they pulled (naturally fell off after 7 years now).