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Updated almost 6 years ago on . Most recent reply

User Stats

68
Posts
19
Votes
Jose Gonzalez
  • Brewster, NY
19
Votes |
68
Posts

Can you check qualification of loan without lowering score?

Jose Gonzalez
  • Brewster, NY
Posted

Hello BP,

I have been working on my credit for a while now and finally got a good score. I want to see where I stand when talking about qualifying for a loan. I inquired at a local bank and also quicken loans and they say they can not tell me if I qualify without running my credit which is a hard inquiry. 

Is there anyway I can see if I qualify for a loan without hurting my credit score I've worked so hard on fixing? 

thank y 'all in advance. 

Most Popular Reply

User Stats

3,926
Posts
4,385
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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
4,385
Votes |
3,926
Posts
Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
Replied

@Jose Gonzalez the good news is that if you're shopping lenders for a mortgage, you can shop as many as you want, within, I believe 30 or 45 days, and they all get lumped together as a single inquiry. It will have little to no impact on your score, even if you shop 20 lenders

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