Second credit pull prior to closing... how often?

[Anonymous]

Any thoughts here... how often will a lender pull a second credit report just prior to closing?

[IOBA]

I have heard it go both ways - some do, some don't.

In our case, we app'd a month ago because we wanted to present a pre-approved letter with the offer.  Due to people (it's a story not yet shared with myfico), that deal has not progressed.

We are under contract for another property (it's another story not yet shared with myfico), but don't have a closing date, etc.   So in our case, they will pull credit again, at least once when we finally get a closing date.

One of the factors may be how fast you close.  Is it a 30 day close?  A 60 day close? 

One of the factors may be how borderline are you for the financing?

One of the factors may be if you had to pay down/pay off any bills as a condition to your loan.  They might pull credit to see if you did.

[Anonymous]

Loan just passed through underwriting and we close in about three weeks. The underwriter says we don't need to pay on three collection for old 6-7 year old debt.

The issue is that I had another collector show up after the original report pulled. It is also for a very old debt.

[IOBA]

See response on other threat.  It sounds like you will be ok.

[Booner72]

The "refreshed" my credit scores and reports the morning of funding to make sure there was nothing new  (accounts/collections/whatever).  But if this old, I'm not sure that would matter.  Good Luck regardless!

[mountainmom]

I just noticed they've been pulling mine weekly (soft pulls). They last pulled Monday, I am set to close Friday.