In Step 4, before finalizing your purchase or refi-ready approval, we review your credit history and any debts you have, which happens any time you apply for credit. It also means we are accurate upfront and avoid changes later. It typically has a small impact on your credit score — 3-5 points or less. According to FICO, this small impact is restored in just a few months.
Updated on: 05 / 07 / 2022