kel5996 asked in Business & FinanceCredit · 1 decade ago

Does anyone know what credit score mortgage lender look at?

I purchased my credit report that had a score on it from experian then I saw that there was also something called your vantage score. My vantage score is higher than the experian score. Which one would a mortgage lender look ant? Any one with experience in this?

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  • Best Answer

    Almost all lenders will actually use the middle of the three scores. Some lenders (usually credit unions) will only use one score and that varies by their choice so it is best to just ask them. If you are planning to use a mortgage broker then chances are they will use your middle score.

    The Vantage score is something new that has been developed for a supposed more accurate determination of credit risk, but has not caught on in mortgage lending so far.

  • Anonymous
    1 decade ago

    They look at the average of the three credit scores. Not sure what the vantage score is, unless its a new term for averaging out the 3 credit scores.

  • 1 decade ago

    The three credit bureaus are: transunion, equifax, and experian. Your credit score will be pulled from all three bureaus and the lowest number will generally be dropped. A vantage score is from a new way of calculating your credit score (and so, it IS your credit score). The old/traditional scoring system produced your FICO score. The credit bureaus can use one or the other when figuring your credit score.

  • Anonymous
    1 decade ago

    They dont look at Vangtage from what i have heard. They look at experian and transfax and transunon. Then tend to take the middle score.

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  • 1 decade ago

    they look at your credit history, your earnings your savings and your ability to pay in the future too. look into a local junior college. alot of them offer programs to help you go through the needed process to buy a property too.

  • 1 decade ago

    frnd for any credit details u ve refer more as u ve asked now in this ........................i hope this will helps u

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