Credit Scores and Your Mortgage Loan

FICO® scores are used in 100% of credit decisions. The more you know about your FICO score and the factors that drive it, the more empowered you'll be to improve your score over time — and earn the best rate you can for your original mortgage or refinancing.

FICO scores are the credit scores most lenders use to determine your credit risk. You have three FICO scores, one for each of the three credit bureaus — Experian, TransUnion, and Equifax. Each FICO score is based on the information that each credit bureau keeps on file about you. As the information in each of your credit reports change, your credit scores tend to change as well. When you purchase your FICO scores and credit reports, you are getting a snapshot that is accurate at the time of your purchase. However, it's important to note that as the information in your credit reports changes, your FICO scores can also change. That's why it is recommend that you check all three of your FICO scores and credit reports regularly — at least once a year.