Mortgage lender scoring

[jmussel1218]

Right now my experian score is a 629 however my experian 2 score that the mortgage lender has pulled says its a 524. Im trying to get up to 620 to qualify for a mortgage.  What are the big differences between these reports and if the fico simulator says doing an action will raise my score, will this also affect my experian 2 score.  I need any help I can get. Thanks everyone.

[Anonymous]

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@jmussel1218 wrote:

Right now my experian score is a 629 however my experian 2 score that the mortgage lender has pulled says its a 524. Im trying to get up to 620 to qualify for a mortgage.  What are the big differences between these reports and if the fico simulator says doing an action will raise my score, will this also affect my experian 2 score.  I need any help I can get. Thanks everyone.

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The Fico 8 score places less emphasis on small collections. The simulator is only for Fico 8, but some actions will positively impact the earlier scores. How much time do you have to raise the score to 620? That's a pretty big spread, and it may be that the only way to do it in the short term is to see if you can get the derogatory entries removed.

[AndySoCal]

Keep in mind for mortgage loans the lender will use your middle score IE not the highest or the lowest. I would base your strategy on how can raise your current middle score or raise the lowest score that 620 level.  If you mortgage lender has access to Creidt Xpert they would be able to help guide you in that effort. Credit Xpert is FICO simulator that is used by lenders it is best FICO simulator arround bar none.