FICO score 8

[katrinalbsn]

What is FICO score 8 and do lenders look at this score for mortgages?

[Revelate]

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@katrinalbsn wrote:

What is FICO score 8 and do lenders look at this score for mortgages?

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99.99% of the mortgages underwritten in the United States don't use FICO 8; we've had precisely one report EVER from a portfolio lender that was using it.  FICO 8 is simply a newer version of the algorithms than what is used in the mortgage space.

http://ficoforums.myfico.com/t5/Mortgage-Loans/FICO-scores-used-for-mortgage-and-where-to-obtain-the...

[katrinalbsn]

Thanks for the response!