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Navy using nonstandard Equifax FICO 9 range, or just a typo?

lyTENciL
Regular Contributor

Navy using nonstandard Equifax FICO 9 range, or just a typo?

I got a CLI denial letter from Navy Fed, that listed my credit score as 837. It says "scores range from a low of 334 to a high of 818." I know this is my EQ9.

 

Not only is my score outside that range, but those don't match the standard range. Can anyone explain?



FICO (4/21): EX8 807. TU8 825. EQ9 841.
Mortgage (4/21): EX2 783. EQ5 786. TU4 unk.
Profile: Clean/thick?/aged/new. Revolvers: 4 open, 1 closed. 1 Install (7%).
AoOA/RA 17y. AAoA 3.5y. AoYA/RA 4m. TCL $36.5K.
Free Monthly FICOs:
Message 1 of 7
6 REPLIES 6
Thomas_Thumb
Senior Contributor

Re: Navy using nonstandard Equifax FICO 9 range, or just a typo?

That score range equates to Equifax Fico score 5.

 

It looks like the letter is crosswise due to pulling the wrong score for the listed model or listing the wrong model for the score pulled. Either way, the actual score is unlikely to be the reason for the denial.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 2 of 7
barca
Regular Contributor

Re: Navy using nonstandard Equifax FICO 9 range, or just a typo?


@Thomas_Thumb wrote:

That score range equates to Equifax Fico score 5.


I wonder why mortgage lenders use middle score then. 

if the max for EX 2 is 850 and EQ 5 is 818, I am not sure what TU 4 is

 

 

Message 3 of 7
Thomas_Thumb
Senior Contributor

Re: Navy using nonstandard Equifax FICO 9 range, or just a typo?

The EX score 2 range is 320 - 844 and the TU score 4 range is 309 - 839. See post 107 in the link below for a comprehensive list of credit scores and their respective ranges.

 

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/The-many-flavors-of-FICO-Editions-versio...

 

While the Fico "mortgage" scores diverge a bit at the extremes, mortgage lenders are primarily concerned with the 600 to 800 range - and more specifically the 640 to 760 range. Odds are reasonably similar that any of the 3 credit bureaus could be the middle. In years past my EQ score was always the lowest because my TU and EX "mortgage" scores were almost always above 818.

 

Below are some comparative graphs on "mortgage" from 8 years ago. Scores have shifted higher since then due to removal of liens and stricter rules on verification of negative information.

 

Fico mortgage score distributions.jpg

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 4 of 7
barca
Regular Contributor

Re: Navy using nonstandard Equifax FICO 9 range, or just a typo?

Thanks @Thomas_Thumb 

 

This is good info.

I was under the impression that those mortgages scores are all 850 max.

 

The scores provided by myfico is kind of misleading.

They display it as if you can actually get 850 max for mortgage -

maybe they should put the actual max numbers for each CRA

 

mort_scores_Jan30.PNG

Message 5 of 7
lyTENciL
Regular Contributor

Re: Navy using nonstandard Equifax FICO 9 range, or just a typo?

Thanks TT! I hadnt realized EQ5 has a different range. As an aside, I guess I can feel even better about my 786 there.



FICO (4/21): EX8 807. TU8 825. EQ9 841.
Mortgage (4/21): EX2 783. EQ5 786. TU4 unk.
Profile: Clean/thick?/aged/new. Revolvers: 4 open, 1 closed. 1 Install (7%).
AoOA/RA 17y. AAoA 3.5y. AoYA/RA 4m. TCL $36.5K.
Free Monthly FICOs:
Message 6 of 7
Credit4Growth
Valued Contributor

Re: Navy using nonstandard Equifax FICO 9 range, or just a typo?


@barca wrote:

Thanks @Thomas_Thumb 

 

This is good info.

I was under the impression that those mortgages scores are all 850 max.

 

The scores provided by myfico is kind of misleading.

They display it as if you can actually get 850 max for mortgage -

maybe they should put the actual max numbers for each CRA

 

mort_scores_Jan30.PNG


+1,  Thanks @Thomas_Thumb  that was really good information!

Current as of April 25rd
FICO 08 EQ723, TU722, EX728 || DTI 8%
Mortgage Scores: EQ724, Tu694, EX726 ||
Inquiries: EQ/TU/EX (0 / 3 / 1) - 0/6 - 0/12 - 4/24 ||


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