I'm in the process of applying for a mortgage. Along with the loan application I received a copy of my credit report, and I am curious as to what these different values mean. My Beacon score was 652. My FICO classic is 718. My Isaac Model score is +668.
Are these good? What's the difference between the 3 scores? Which do they base the loan on?
Thanks in advance!
2007-03-23 13:10:54 · 4 answers · asked by erika 1 in Business & Finance ➔ Renting & Real Estate
Those companies use different criteria and rating scales. Certain lenders prefer to use one of the three scores. You scores are good, you should have no problem getting a great mortgage.
Happy house hunting!
2007-03-27 11:37:11 · answer #1 · answered by godged 7 · 0⤊ 0⤋
The range of each bureaus scoring is what makes the difference. You are in the middle to upper middle range, which is good enough for most mortgages.
2007-03-23 13:16:12 · answer #2 · answered by Joseph H 4 · 0⤊ 0⤋
Your mid score is what they would use. Your scores are high enough for prime programs.
2007-03-23 13:38:38 · answer #3 · answered by ron d 3 · 0⤊ 0⤋
you should e more than qualified for a good rate
2007-03-23 13:30:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋