How do mortgage companies determine which credit score to use?

September 27th, 2010 | Tags: , , , ,
mortgage
by ajmexico

Question by Melissa T: How do mortgage companies determine which credit score to use?
With the three credit scores being different, which do they use to determine you qualification for a mortgage? Or do they simply average all three scores. My husband has two scores at around 540 and his transunion is at 605. What are his chances?

Best answer:

Answer by Marie
Having just looked into refinancing myself, the mortgage companies take an average of the three scores.

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