A mortgage inquiry will lower your credit a little, but usually by 2–5 points, which is very small. The temporary dip is worth it for the opportunity of homeownership. In fact, paying a mortgage on time is one of the strongest ways to build long-term credit health.
Credit bureaus treat mortgage inquiries differently than credit card inquiries. Multiple home-loan inquiries within a 14–45 day period typically count as one inquiry, allowing you to shop lenders without fear.
It’s comforting to remember that God doesn’t judge us by numbers or scores.
If you're worried about how a mortgage inquiry may affect your situation, we can help you review your credit and explore next steps.
Why Do Lenders Pull My Credit Multiple Times?