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WHAT IS A MEDAN /MIDDLE SCORE????

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haapril
Contributor

WHAT IS A MEDAN /MIDDLE SCORE????

hI, i AM TRYING TO FIGURE OUT HOW IS THE MIDDLE SCORE/MEDAN SCORE DETERMINED/?  THANK YOU.
Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: WHAT IS A MEDAN /MIDDLE SCORE????

You have 3 credit scores...one from each of the 3 bureaus...TU...EX & EQ...you take the middle score of the three...

 

EX:

 

TU: 661                        EX: 648 (Middle Score)                      EQ: 631

Message 2 of 6
DallasLoanGuy
Super Contributor

Re: WHAT IS A MEDAN /MIDDLE SCORE????

We throw out the highest score and the lowest score.
Retired Lender
Message 3 of 6
Anonymous
Not applicable

Re: WHAT IS A MEDAN /MIDDLE SCORE????

Median would be if you added all 3 together and then divided by 3....No one uses this for anything that I am aware of.  They use you middle score of the 3 scores.
Message 4 of 6
ShanetheMortgageMan
Super Contributor

Re: WHAT IS A MEDAN /MIDDLE SCORE????


@Anonymous wrote:
Median would be if you added all 3 together and then divided by 3....No one uses this for anything that I am aware of.  They use you middle score of the 3 scores.

 

I think that'd be called the "mean".

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
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Message 5 of 6
Anonymous
Not applicable

Re: WHAT IS A MEDAN /MIDDLE SCORE????

Oops...true..

 

 

Message 6 of 6
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