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Mortgages and FICO 8

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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
Senior 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. 

GOALS: Garden til APR 2020 and 800 Club


SEP 2019: EX 791, TU 797, EQ 800
JUN 2019: EX 788, TU 794, EQ 779
DEC 2018: EX 777, TU 783, EQ 799

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Message 2 of 4
Established 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
Message 3 of 4
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 and Portfolio Loan Products. Licensed in AL, AZ, CA, FL, GA, IL, IA, IN, KY, LA, MI, MO, NC, NE, NV, NJ, OH, OK, OR, PA, SC, TN, TX, VA and WI.
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