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So, according to myFico, myFico8 Scores are EQ 622; TU 630; EX 655, I've been trying to get my scores up for a House Purchase, so today I spoke with the realtor and they pull my credit, Universal CR was the company they used, and to my surprise, my credit scores, according to them its EQ 597; TU 566 EX 540. Where in the hell did they got this numbers from?
Those are most likely your mortgage scores, which are different from Fico 8 scores.
You can get those if you have a membership here which allows you to see them, or you can pull a 3B report and pay for it.
By the way, if you go to the mortgage loans forum, you can read all about Fico mortgage scores, what they are, how to get them, and how those score models may differ from Fico 8 (although I'm not sure that last bit is readily available).
@JayTee1 wrote:Those are most likely your mortgage scores, which are different from Fico 8 scores.
You can get those if you have a membership here which allows you to see them, or you can pull a 3B report and pay for it.
I do have a membership and no score from this website matches the numbers they gave me.
Are you sure you're looking at your NON Fico-8 scores? The mortgage scores are Experian Fico 2, Trans Union Fico 4, and Equifax Fico Score 5.
These will differ from Fico 8 scores.
Your original post lists your Fico 8 scores, but not these other scores.
If you can validate these other mortgage scores at MyFico, and they're significantly different from the scores your potential lender is providing, I'd follow up with them.
I don't know of any lenders who use different scores from these Fico mortgage scores. I'm not incredibly experienced, but I've been looking at a mortgage for quite a while, and every lender I've talked to and every post I've ever read on this board has indicated these are the scores lenders use.
@JayTee1 wrote:Are you sure you're looking at your NON Fico-8 scores? The mortgage scores are Experian Fico 2, Trans Union Fico 4, and Equifax Fico Score 5.
These will differ from Fico 8 scores.
Your original post lists your Fico 8 scores, but not these other scores.
If you can validate these other mortgage scores at MyFico, and they're significantly different from the scores your potential lender is providing, I'd follow up with them.
I don't know of any lenders who use different scores from these Fico mortgage scores. I'm not incredibly experienced, but I've been looking at a mortgage for quite a while, and every lender I've talked to and every post I've ever read on this board has indicated these are the scores lenders use.
Experian Fico2 = 507
Transunion Fico4 = 547
Equifax Fico5 = 586
according to myFico website this are the numbers as of June 29, 2016.
Thank you for your input, at least now, I have an idea what scores the mortgage lenders look at.
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
@Anonymous wrote:
@JayTee1 wrote:Are you sure you're looking at your NON Fico-8 scores? The mortgage scores are Experian Fico 2, Trans Union Fico 4, and Equifax Fico Score 5.
These will differ from Fico 8 scores.
Your original post lists your Fico 8 scores, but not these other scores.
If you can validate these other mortgage scores at MyFico, and they're significantly different from the scores your potential lender is providing, I'd follow up with them.
I don't know of any lenders who use different scores from these Fico mortgage scores. I'm not incredibly experienced, but I've been looking at a mortgage for quite a while, and every lender I've talked to and every post I've ever read on this board has indicated these are the scores lenders use.
Experian Fico2 = 507
Transunion Fico4 = 547
Equifax Fico5 = 586
according to myFico website this are the numbers as of June 29, 2016.
Thank you for your input, at least now, I have an idea what scores the mortgage lenders look at.
The problem with working with those scores is that either you have to wait 3 months to get them with the 3B MyFICO package, or you need to spend money to get them.
FYI, I just upgraded to "premier" and get them once a month now.
I did that as I'm in the process of obtaining a mortgage for a specific property. I'll downgrade once that's done.
I don't know if "premier" is new or if I just didn't choose to use it when I upgraded from the one-score basic version. Regardless, it is there.
I will probably cancel credit check total now, since I was using that for the monthly reports.
@JayTee1 wrote:FYI, I just upgraded to "premier" and get them once a month now.
I did that as I'm in the process of obtaining a mortgage for a specific property. I'll downgrade once that's done.
I don't know if "premier" is new or if I just didn't choose to use it when I upgraded from the one-score basic version. Regardless, it is there.
I will probably cancel credit check total now, since I was using that for the monthly reports.
Wow, thank you for that information. I never knew about the Premier plan, giving 3B reports every month. I'm gonna get me some of that