How Does a Mortgage Application Affect My Credit Score?
January 14, 2022
January 14, 2022
Many borrowers will be surprised to learn that submitting applications for multiple mortgages will not impact your credit anymore than a single mortgage. In most cases, if it does impact your credit it will be by a minuscule amount. If you've already applied for a mortgage to another lender and want to find a better offer, BNC National Bank is here to help!
Each credit score model is different and have their own specific "shopping windows", BNC's credit pulls typically align to a FICO 9 or VantageScore 4.0. FICO 9 scores allows for a 45 day shopping window with VantageScore 4.0 allowing for a 14 day shopping window.