{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.getloans.com\/blog\/mortgage-myth-alert-having-a-mortgage-company-pull-your-credit-report-does-not-hurt-your-credit-score\/#BlogPosting","mainEntityOfPage":"https:\/\/www.getloans.com\/blog\/mortgage-myth-alert-having-a-mortgage-company-pull-your-credit-report-does-not-hurt-your-credit-score\/","headline":"MORTGAGE MYTH ALERT: Having A Mortgage Company Pull Your Credit Report Does NOT Hurt Your Credit Score!","name":"MORTGAGE MYTH ALERT: Having A Mortgage Company Pull Your Credit Report Does NOT Hurt Your Credit Score!","description":"The credit scoring agencies give a special allowance to home shoppers. They treat mortgage loan applications a special way to allow you to rate shop.","datePublished":"2018-09-06","dateModified":"2023-11-15","author":{"@type":"Person","@id":"https:\/\/www.getloans.com\/blog\/author\/brianm\/#Person","name":"brianm","url":"https:\/\/www.getloans.com\/blog\/author\/brianm\/","identifier":2,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/b03dd1a5c12d48f4023463adfa5dbd6d38ebf6f4d842bd8f8d55ec71cb0ca275?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b03dd1a5c12d48f4023463adfa5dbd6d38ebf6f4d842bd8f8d55ec71cb0ca275?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Person","name":"Brian Martucci","image":{"@type":"ImageObject","@id":"https:\/\/www.getloans.com\/wp-content\/uploads\/2026\/06\/brianmartucci-getloans-logo2017.webp","url":"https:\/\/www.getloans.com\/wp-content\/uploads\/2026\/06\/brianmartucci-getloans-logo2017.webp","width":400,"height":70}},"image":{"@type":"ImageObject","@id":"https:\/\/www.getloans.com\/wp-content\/uploads\/2018\/09\/once-upon-a-time-719174-scaled.jpg","url":"https:\/\/www.getloans.com\/wp-content\/uploads\/2018\/09\/once-upon-a-time-719174-scaled.jpg","height":1374,"width":2560},"url":"https:\/\/www.getloans.com\/blog\/mortgage-myth-alert-having-a-mortgage-company-pull-your-credit-report-does-not-hurt-your-credit-score\/","about":["credit","Home Buying Process"],"wordCount":436,"keywords":["credit","credit score"],"articleBody":"If I had one dollar for every person that said, \u201cPlease tell me what I can qualify for but do not pull my credit because I know it hurts my credit score,\u201d I would have enough money to make a large down payment on almost any house I wanted.MythYou shouldn\u2019t apply to multiple lenders because all those inquiries will tank your score.Wrong!TruthsWhen you apply for credit, such as to get mortgage loan offers, a hard inquiry is recorded on your credit file.Hard inquiries have the potential to lower your score.Mortgage inquiries \u2013 even multiple inquiries \u2013 will not kill your credit score.The credit scoring agencies give a special allowance to home shoppers.The reason is simple. They don\u2019t penalize smart consumers for shopping for the best loan. And you can\u2019t compare accurate loan terms until you get firm offers based on loan applications.Credit scores are based on complex algorithms. And here\u2019s what\u2019s interesting. The scoring agencies can distinguish between the activities of someone who is applying for multiple new credit cards and the activities of someone who is shopping around for the best home loan. All inquiries are coded to the type of credit you\u2019re applying for.Mortgage Shopping and FICOWhen you apply with a mortgage lender, those inquiries are completely ignored by FICO for thirty days. Then, all inquiries coded from mortgage lenders and made within a 45-day window are counted as one inquiry against your credit score.Mortgages and Your Credit Score: The Facts!You can apply with one lender or one hundred lenders. NONE of the inquiries will show up in your FICO score within the first thirty days.After thirty days, ALL of the mortgage inquiries made during the rolling rate-shopping window allowed by the credit score model will show up as a SINGLE inquiry. That single inquiry could cause your score to drop by a few points, but probably won\u2019t affect your ability to get credit.Inquiries remain on your credit report for two years, but stop counting against your score after one year.Checking your credit for free from sites like Credit Sesame or Credit Karma use an educational credit score and it may be different from the score a mortgage lender sees. But it’ll give you a general idea of where you stand. Then you can prequalify for a mortgage, which doesn’t affect your score at all.Contact me to discuss your mortgage scenario, mortgage rates, or other mortgage questions. Click here to schedule a call. Or you can\u00a0email me\u00a0directly."}