Since, you have credit scores from the three major credit reporting agencies, which score does the mortgage lender use to determine your interest rate?

The middle Score is used or the Middle Number. Say you have scores of 640, 620 & 710. The banks use the score of 640 to determine your interest rate, Henry J Daniels - Sr. Mortgage Banker & CMPSI Certified Mortgage Coach Direct/Text: (936) 228-1944 Blog: WoodlandsMortgageBank.comNMLS #209419

The middle score is used for only 1 purchaser or if there are two of you on the loan - then the lower of the 2 middles scores is the one we would go off of. Of, if there are only 2 scores being reported than it would be the lower of the 2 scores. We have the ability to go down to a 580 with only 3.5% down payment, but also do excellent credit as well. The interest rate is also determined from the loan amount, loan-to-value, and what particular type of loan you would qualify for, so there are variables to factor in other than just credit score. Please let me know how else I may be of service.Mary Papageorge, Mortgage Banker/Broker-Associate - 713-569-0025 NMLS #287880 www.MaryPapageorge.com

I agree with Mary. There are a lot of different variables to how your rate is calculated. Not just your credit score. Your best choice would be to get with a mortgage broker. They are not stuck with just one lender. And most (well I know we do) have a credit build/repair program in place that can immediately improve your rate. If you have any questions do not hesitate to call. Jeremy J.Davis, Sales Manager,Sentrix Financial Services,(803) 546-9486.

All answers are sound let me add the scores you have from those ponline engines will not be the same scores each of us will pull. As explained there are many factors and different engines that drive your scores. Better service reach me at ballen@accessnational.com NMLS # 187055