mortgage loan refinance score accuracy?

[Anonymous]

Hi all, i'm working on refinancing a hard money loan, and currently have FICO scores at 632, 643 & 636 for Equifax, Transunion & Experian respectively. However, according to myFICO.com, my mortgage scores are 608, 656 & 577. With a soft pull, i've had offers with my score at 650~, but with a hard pull it would be the middle score of 608 for mortgages, correct?  Just wanted to see if others have recently experienced accuracy between the middle score lenders pull and what myFICO reflects, since I've been told disputed accounts artificially inflate scores. However, it seems like those artificial increases are only for other fico scores, not the traditional 5/4/2 mortgage scores, correct? Thanks all for your help and insights!

[JVille]

Mortgage scores are accurate on MyFico, keeping in mind they can fluctuate slightly depending on when you pull them vs how much later a lender pulls.

[homeloanexpert]

I have found that MyFICO scores are right on, to the scores pulled on my credit reports. That aside, even with those lower scores, you can still refi out of that Hard Money loan into an FHA. The rates are actually pretty good right now and will be dropping at the end of this month. Even factoring on the MMI, the rate should be substancially lower than what your paying now. Or you can wait (if you can) and bring up your scores in order to refi Conventional.

[Anonymous]

right, im considering purchasing a 3B report prior to getting the hard-pull. I've read that for most conventional and even FHA loans, any disputes must be removed from credit report, and this in particular is what i'm worried would negatively impact the 5,4,2 mortgage scores shown on myFICO. Would you happen to be familiar with the potential for a drop in mortgage scores once disputes are removed? I'm not concerned about an effect on drops in other FICO scores, just the ones used specifially for mortgage lending. Thanks again!

[Anonymous]

Appreciate the info. Given the ridiculously high rate I had to take when getting into this loan due to my lower scores, I'm in a hurry to just get the heck out of this loan as soon as possible. I've been shooting for a conventional loan, but middle score is just shy of minimum required by most conventional lenders. I'll take an FHA loan just to get a normal interest rate, given that I'll now be living in the property which was previously just an investment property. 

My question now would be, would there be a significantly large drop in scores on the 5,4,2 FICO scores if all disputes are removed? Currently, there's 3 disputed accounts, all showing either 30 days or 60 days late on the accounts. My current mortgage scores are 608, 656, and 577. Anything below that 580 threshold and i'll get dinged on overall score for the hard pull as well. Currently working to remove collections, lates, etc., so any insight the community could provide would be greatly appreciated!

[Mortgage-Specialist]

I dont know any lenders except for one that will do an FHA loan without the need for disputed to be removed. There must be no late payments or collections within the past 12 months

[Anonymous]

Which lender is that?