What determine mortgage scores?

[joshall]

So most of us have pretty good understanding, tips and tricks for securing good credit scores - 30% payment history, 30% credit utilization, 15% credit age,  10% mix of credit, 15% recent inquiries (?).  However, not much are said about mortgage scores.  I wonder anyone here has any insights into the factors determining mortgage scores?

[StartingOver10]

FICO mortgage scores are older formulas and have a slightly different percentage from the above (which are FICO 08 percentages):

35% payment history

30% utilization

15% length of credit history

10% mix of credit

10% new credit

http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx

As to the rest of the factors that make up the score (more detailed items we don't see) that is propritary info. I have a pdf document I can email you that explains in more detail the scoring as it relates to mortgages. PM me if you want me to email you a copy. I haven't been able to find the link to post from when I originally downloaded it a few years ago.

Really the most important aspect from a mortgage POV is the payment history and utilization because that is the quickest way to get your score up (assuming you have removed the derogs or they are old derogs).

[Lemmus]

^^^^^++++...what SO10 said

...I can only give you personal insight ...my credit data is the same over all 3 CRs with one exception, an almost 7yo medical ($601) on my EQ report that is not on my TU/EX reports ...its the only neg remaining on my reports ...my current FICO 8 scores are EQ669/TU767/EX750 ...my FICO 4 scores are EQ695/TU743/EX725 ...and over the past 3 months that I've been monitoring the mortgages scores, they've consistently tracked changes in my 8s

...and note that I deliberately applied for CCs over the past year that usually pull TU or EX rather than EQ, such that there are >5 less inquiries on my EQ

...I could reasonably take that to mean that the mortgage scores are significantly less negatively weighted toward medical debt ...or I could believe that the mortgage models weigh recent inquiries more than the 8 model ...could be either or both ...or the first signs of dementia, I don't know ...but it is, imnsho, worth considering ...hth