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Just curious... what is the maximum spread between FICO 8 and Mortgage scores

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
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Regular Contributor

Just curious... what is the maximum spread between FICO 8 and Mortgage scores

There is currently an 80 point spread between my EQ FICO 8 and my EQ mortgage scores (83 between 9 and 5).  Fortunately EQ is not my middle score so I'm not trying to reverse engineer it as it's fairly irrelevant, but I can't help but be curious as to whether there are any DPs on the max?   Thinking I've got to be pretty close to it at this point. 

Message 1 of 14
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Super Contributor

Re: Just curious... what is the maximum spread between FICO 8 and Mortgage scores


@KatieKatie wrote:

There is currently an 80 point spread between my EQ FICO 8 and my EQ mortgage scores (83 between 9 and 5).  Fortunately EQ is not my middle score so I'm not trying to reverse engineer it as it's fairly irrelevant, but I can't help but be curious as to whether there are any DPs on the max?   Thinking I've got to be pretty close to it at this point. 


I've had moments when there was over a hundred point difference between my highest FICO 8 score and my lowest mortgage score.


7/1/19: FICO8 EQ 749 TU 783 EX 746 Total revolving limits 713500 (592500 reporting)
Message 2 of 14
Senior Contributor

Re: Just curious... what is the maximum spread between FICO 8 and Mortgage scores


@KatieKatie wrote:

There is currently an 80 point spread between my EQ FICO 8 and my EQ mortgage scores (83 between 9 and 5).  Fortunately EQ is not my middle score so I'm not trying to reverse engineer it as it's fairly irrelevant, but I can't help but be curious as to whether there are any DPs on the max?   Thinking I've got to be pretty close to it at this point. 


Classic EQ Fico 04 (score 5) which is also referred to as EQ mortgage score is highly dependent on # cards reporting balances. I can shift my EQ Fico 04 score 45 points just by changing # cards reporting balances from 2 of 6 to 6 of 6. I had no change in EQ Fico 8.

EQ Fico 3-2016.jpg

 

My greatest difference was: EQ Classic Fico 8 - EQ Classic Fico 04 = 850 - 764 = 86 points.

 

EQ Fico score smackdown.jpg

Fico 8: .......EQ 850 TU 850 EX 850
Fico 9: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
VS 3.0:...... EQ 835 TU 835 EX 835
Fico 8 BC:. EQ 892 TU 900 EX 900
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 3 of 14
Super Contributor

Re: Just curious... what is the maximum spread between FICO 8 and Mortgage scores


@Thomas_Thumb wrote:

My greatest difference was: EQ Classic Fico 8 - EQ Classic Fico 04 = 850 - 764 = 86 points.

 


Similar results here with those same two scores when moving to all accounts with reported non-zero balances:  844 - 765 = 79 points.

Message 4 of 14
Regular Contributor

Re: Just curious... what is the maximum spread between FICO 8 and Mortgage scores

Wow! I was expecting 30-40 points but didn’t realize the gap could be so wide.

The number of accounts reporting non zero balances is interesting. I was working to get to all zero except one but this won’t be happening before I apply because of residual interest for two accounts that posted as the statement cut. I anticipated this but the accounts wouldn’t let me pay more than the current balance. If only I could wait one more month...oh well

I do have 3 or 4 more accounts that will report as 0 this week so I’ll be curious to see if that brings the numbers a bit closer together.

Message 5 of 14
Super Contributor

Re: Just curious... what is the maximum spread between FICO 8 and Mortgage scores

On the accounts that didn't report $0 due to interest, I would pay off the interest if I were you and call those lenders and request an immediate off-cycle reporting.  If they are willing to do so (it's sort of 50-50 and lender-specific if they will) that will give you a couple of more $0 balances reported.

Message 6 of 14
Regular Contributor

Re: Just curious... what is the maximum spread between FICO 8 and Mortgage scores

Thank you BBS. I actually tried that and Comenity was a no go. They sent a 0 balance letter and TU will update based on that (they’re my middle score). Unfortunately however I’m going to have to move forward with finalizing the preapproval on Friday so I doubt I will have time for it to show up. Kind of backwards but I am preapproved now but asked them if they will refresh my report after I get to AZEO if there is a meaningful bump in my score. The LO agreed but I need to move forward to close on time so I’m giving it all until Friday. My other account was Macy’s and my statement cut last night and I paid the residual today. I’ll call them and give it a shot to see if they will and how quickly.
Message 7 of 14
Super Contributor

Re: Just curious... what is the maximum spread between FICO 8 and Mortgage scores


@KatieKatie wrote:
Wow! I was expecting 30-40 points but didn’t realize the gap could be so wide.

The number of accounts reporting non zero balances is interesting. I was working to get to all zero except one but this won’t be happening before I apply because of residual interest for two accounts that posted as the statement cut. I anticipated this but the accounts wouldn’t let me pay more than the current balance. If only I could wait one more month...oh well

I do have 3 or 4 more accounts that will report as 0 this week so I’ll be curious to see if that brings the numbers a bit closer together.


In the future you need to push, rather than pull, the payments to cover the interest.


7/1/19: FICO8 EQ 749 TU 783 EX 746 Total revolving limits 713500 (592500 reporting)
Message 8 of 14
Regular Contributor

Re: Just curious... what is the maximum spread between FICO 8 and Mortgage scores

@SouthJamaica I cannot believe I didn’t think of that!! Well, I will next time...
Message 9 of 14
Valued Contributor

Re: Just curious... what is the maximum spread between FICO 8 and Mortgage scores

Speak with the account specialist team when you call Macy’s credit (DSNB) and ask for an off cycle update, they should be able to push it out within 24 hours, If you get someone knowledgeable willing to work with you I’m waiting for one now




Considering BBVA and 5% cards. (Forgive typos, mobile.)(Everything said is Just IMHO.)
Message 10 of 14