What is your mortgage situation?
Whether you're a first time homebuyer, looking to refinance your mortgage or want to tap into your home's equity, your FICO® score will play an important role. FICO scores will be essential in qualifying for an interest rate on your mortgage. Your FICO score might mean you won't qualify for a mortgage, or if you do, you may be paying much more in interest.
Knowing your FICO® score before making any mortgage decision helps prepare you for what lies ahead. FICO® Standard provides you with your FICO score and credit report from TransUnion or Equifax. Most mortgage lenders will look at your FICO scores from TransUnion, Equifax and Experian (currently, Experian FICO scores are not available for consumers to purchase) when evaluating your loan application. myFICO recommends that you ask your mortgage lender what your FICO score needs to be to qualify for their best rates and then check your scores. If your FICO scores aren't high enough, it may be in your best interest to wait until your scores change. If your scores meet your lender's requirement for a good rate, then now might be a good time to apply for a mortgage loan. In either scenario, knowing your FICO scores will help you make the best decision.
With FICO® Standard you get:
Your FICO® score from your choice of Equifax or TransUnion. You'll get a full explanation of your FICO score as well as factors causing your score to be what it is. FICO Standard also provides you with a view of how lenders see your specific FICO score when making lending decisions.
Your credit report from your choice of Equifax or TransUnion. Each credit report contains information on your credit accounts, a listing of those companies accessing your credit file and more. We'll also flag any accounts that are hurting your FICO® score.
The FICO® score simulator which analyzes your personal credit information and can help you understand the impact of any of your future actions such as paying off a credit card or opening a new account.
This page includes an advertisement of SecureRights, and all mortgage-loan related services are offered and provided by SecureRights. Click here for more information about Secure Rights, including state licenses. Advertisements are displayed for the convenience of users of this website. myFICO® makes no representation or warranty regarding the products and services offered and does not recommend, endorse, promote or sponsor the products and services offered by any third party advertising on this website. myFICO® is not acting as, nor is it, a licensed mortgage broker or mortgage lender.
