Credit Report - Analysis

[Jerome Foster]

I would like to know if anyone knows a good FREE credit score option (website, etc) needed for funding with hard money organizations.  I want to get a report from 3 companies (presumably).  Or, which company do most HARD MONEY lenders use to evaluate credit score.....  I don't want to hurt my credit score by doing multiple inquires.   Do lenders take all 3 reports then take an average score before determining rates for investors?    Please advise....

[Stephanie Medellin]

@Jerome Foster  If you're only interested in getting quotes, you can provide a report from another lender if you have one.  When you decide to move forward with a loan and submit an application, lenders will always run their own report.  Your score may not end up being the same when credit is pulled again.  

Free credit scores (like credit karma) are not the same scores that lenders will see because they use different scoring models.  You can get a rough idea of your score from free services, or see inaccuracies on your free credit report, but it's just not going to be the same score as what mortgage lenders use.

Lenders will usually take the middle of your three scores.  So if you have a 702 with Experian, a 710 with Equifax, and a 729 with Transunion, your credit score would be 710.