Why the credit score in your app may differ from a mortgage score

There is more than one credit score

A score shown by a bank or free app can use a different scoring model, model version, bureau or reporting date than a mortgage lender. Mortgage lending has commonly used FICO Score 2, 4 and 5, though requirements and model adoption can change. A difference between two scores does not automatically mean either one is wrong.

Even two scores using the same model may differ if the underlying credit reports contain different accounts or if balances update on different dates. Ask which scores a lender is using for your application.

Review the reports behind the numbers

Get your reports through AnnualCreditReport.com and look for accounts you do not recognize, incorrect late payments, duplicate debts and wrong limits. The CFPB recommends checking for errors before applying. If you find one, dispute it with the reporting company and the business that provided the information; allow time for investigation.

Paying bills on time and keeping revolving balances manageable are more reliable habits than trying to match the number on one app. Avoid assuming any score alone guarantees loan approval or a particular rate.

Compare a real mortgage scenario

Loan type, down payment, property, fees, income and debt all affect what may be available. Request a loan-specific estimate when you are ready, and compare the full cost, not a score in isolation.

Further reading

• FICO: Which scores mortgage lenders use
• FICO Score versions
• CFPB: Check your credit report