Does applying for a mortgage affect my credit?


Only temporarily. Mortgage credit is pulled differently than let’s say for a credit card. On your credit report, it will show as a “Mortgage Inquiry” which allows multiple brokers to pull your credit while only taking the initial hit of the first pull. This hit is normally much lighter than a hit for a credit card, auto loan, unsecured loan, etc. and will likely not last as long on your report. So with a minimal impact, know you’re protecting your score when we run your credit.

Read more about stated income on our blog post!

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