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I have a fico score of 795, I have a mortgage, and am thinking of purchasing commercial property. Will this lower my fico score?

by donthenut122 from , . Dec 19th 2017 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

More info needed, but typically, buying new property in itself might lower your score temporary.. but once you have established a payment history, it will go right back up.. Understand that for most all loan products, if your score is over 760, the rates don't get any better,,, so even if your score drops a few points, it wont affect anything but your pride.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Dec 20th 2017
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