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Mortgages and FICO 8

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Anonymous
Not applicable
‎09-08-2019 01:57 PM
‎09-08-2019 01:57 PM

Mortgages and FICO 8

Anyone know of any Mortgage Brokers or Banks using FICO 8 for lending for mortgages?
Message 1 of 4
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CreditInspired
Community Leader<br> Super Contributor</br>
Community Leader
Super Contributor
‎09-08-2019 03:43 PM
‎09-08-2019 03:43 PM

Re: Mortgages and FICO 8

@Anonymous wrote:
Anyone know of any Mortgage Brokers or Banks using FICO 8 for lending for mortgages?

Hi and welcome to MyFICO

 

As far as I know, no lender uses FICO 8 scores for mortgages. 


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iv
Valued Contributor
‎09-08-2019 07:57 PM
‎09-08-2019 07:57 PM

Re: Mortgages and FICO 8

@Anonymous wrote:
Anyone know of any Mortgage Brokers or Banks using FICO 8 for lending for mortgages?

Any Conventional, FHA, etc loan will use only Equifax Score 5, Transunion Score 4, and Experian Score 2, as mandated by the GSEs.

EQ8:850 TU8:850 EX8:850
EQ9:847 TU9:847 EX9:839
EQ5:797 TU4:807 EX2:813 - 2021-06-06
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homeloanexpert
Established Contributor
‎09-12-2019 04:16 AM
‎09-12-2019 04:16 AM

Re: Mortgages and FICO 8

@Brown 990

What is FICO 2 score? It will be lower but may be high enough.

Branch Manager - Specializing in FHA, VA, USDA, Conventional, Jumbo, Portfolio and Non-QM Loan Products.
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