are the fico scores averaged out when a broker/lender is looking at a credit score re: home prequal or is lowest used?

There are 3 credit scores reviewed by mortgage companies and in most cases they use the Middle of the 3 credit scores. For example if you had 760, 740, and 720, then the 740 would be used. I hope that helps.

The middle of the three credit scores is what is used for mortgage qualifying. For example if you have a 589, 652, 661 we would use the 652.It is important to have your credit thoroughly reviewed more then just looking at the credit scores. There are many times that you could make updates to accounts and improve you credit to qualify for a better program/rate.We are here to assist if you would like further guidance: https://www.michiganhomeloansolutions.com/demystifying-credit/