difference in scores?

[ranger240]

So, I just recently had my credit pulled by a mortgage broker, and my fico experian score was 520... Then today, I pulled the same report from myfico, and it came back as a 570... Anyone know the difference between the two, and which one would be more trustworthy?

[Anonymous]

Welcome to the forums!

The mortgage business is FICO 04, and this site is FICO 08.

The lending industry uses a wide variety of scoring systems, and this means that you have multiple "right" scores.

[ranger240]

Thank you for your reply... Here's my question though... I am trying to get a mortgage soon, and my VA loan requires a 630 minimum, so with a 50 point spread that I'm looking at now, how do I know which score to go off for a mortgage, or even when my score has increased enough to try to pre-qual?

[Anonymous]

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@ranger240 wrote:

Thank you for your reply... Here's my question though... I am trying to get a mortgage soon, and my VA loan requires a 630 minimum, so with a 50 point spread that I'm looking at now, how do I know which score to go off for a mortgage, or even when my score has increased enough to try to pre-qual?

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The 04 scores are available from DCU, PSECU, and the EQ web site (Score Power FICO product).

The "increased enough" issue varies widely with the lender -- it depends on specific requirements.