If more than one score is supplied by the same repository, the lesser of the scores will be used.
Minimum credit score for:
- Credit report must match GUS findings.
- Must not be older than 120 days on the date of closing for existing properties and new construction.
- Must contain complete information provided by all three repositories.
- The credit report must show the following three required FICO scoring models for the report to be valid with us.
- Equifax Beacon 5.0
- Transunion FICO Risk Score, Classic 04
- Experian/Fair Isaac Risk Model V2.
- Must reflect a minimum of 2 scores per borrower.