do lenders use highest credit score for determination of mortgage rates?

Where are you looking to buy? If you want anywhere around the Marion County area - (so the 9 surrounding counties plus Marion) - we have a lender that will just use your TU score. If not, lenders use your middle credit score. But - let me tell you this - lenders will lend to you as long as you meet their criteria. Credit score is just a number. We have another lender that lends on as low as a 580 score, for instance. So it really doesn't matter. Yes, there are factors you have to take into account. Yes, you will need to meet some down payment requirements. But, no, 700 scores are a misnomer that people believe they need to have in order to obtain a mortgage loan. Call me if you're interested in more information. I would love to help any way I can. I'm looking forward to our discussion. Thanks for asking! Talk to you soon.

Normally it is the middle score, not the highest, or the lowest but there is a very minimal difference between 680+ and 700+ credit depending on the amount of your downpayment, type of loan and other factors in your mortgage. Former Hoosier here, good luck!

Mortgage lenders look at all three credit reports. We then throw out your high score, throw out your low scores, and base everything on your middle score. www.StPaul-Mortgage.com

Most lenders all use the middle credit score out of the three. Take out the low and high and use the middle to qualify. Depending on your middle credit score you may still have some great options available to you.

hi: would you mind advising what your other 2 scores are? definitely can give u a quote on rates if that's the concern and monthly payment. loan to value will have a factor, type of program etc....be glad to go over your scenario with questions etc if you'd like...Lending Nationwide (NMLS 754875) Mike 703 505 5300

The Lowest Middle Score of all Borrower's applying for the loan is used to underwrite and price the loan. If only 2 scores are available, it would be the lowest score that is considered for a single borrower or the lowest of all scores for all borrower's applying for financing.