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Mortgages and FICO 8

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New Member

Mortgages and FICO 8

Anyone know of any Mortgage Brokers or Banks using FICO 8 for lending for mortgages?
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Community Leader
Super Contributor

Re: Mortgages and FICO 8


@Brown990 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. 


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

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Valued Contributor

Re: Mortgages and FICO 8


@Brown990 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
EQ9:850 TU9:850 EX9:850
EQ5:809 TU4:789 EX2:819 - 2019-09-06
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Established Contributor

Re: Mortgages and FICO 8

@Brown 990

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

Mortgage Banker - Since 1988 offering FHA, VA, USDA, Conventional, Jumbo, Portfolio and NonQM Loan Products. Licensed in AL, AR, AZ, CA, FL, GA, IL, IA, IN, LA, MI, MO, NC, NE, NV, OH, OK, OR, SC, TN, TX, VA and WI.
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