Different answers for different credit bureaus! Check out the mini series on my blog about credit scores.

Hi Kristina,

That is true so that you can shop around to compare lenders. It will only affect your credit once during those 30 days.

Let me know if I can be of any assistance. I specialize in the sales of brand new homes in the Dallas-Ft. Worth area! I would be more than happy to assist you on purchasing your home!

Please call or email me at your convenience.

I look forward to hearing from you soon!

Make it a Blessed Day!

Tamika Turner
"Your New Homes Specialist"
Hendrickson Realty Group
Cell: (972) 697-1178
Email: Info@NewHomesinDFW.net
“Specializing in the Sale of Brand New Homes in DFW!”

Kristina,
In an effort to provide you ACCURATE answers. I have replied again here with some more info.

Your credit score is derived using an algorithm developed by the Fair Isaac Company(FICO). Hence the name Fico Score.
Below is what FICO says about inquiries.

It is also important to note that on FHA loans the score is a little less important. If you have a 620 FICO then you get the same rate as someone with an 800 FICO.


http://www.myfico.com/CreditEducation/CreditInquiries.aspx

Research has indicated that the FICO score is more predictive when it treats loans that commonly involve rate-shopping, such as mortgage, auto and student loans, in a different way. For these types of loans, the FICO score ignores inquiries made in the 30 days prior to scoring. So, if you find a loan within 30 days, the inquiries won't affect your score while you're rate shopping. In addition, the score looks on your credit report for rate-shopping inquiries older than 30 days. If it finds some, it counts those inquiries that fall in a typical shopping period as just one inquiry when determining your score. For FICO scores calculated from older versions of the scoring formula, this shopping period is any 14 day span. For FICO scores calculated from the newest versions of the scoring formula, this shopping period is any 45 day span. Each lender chooses which version of the FICO scoring formula it wants the credit reporting agency to use to calculate your FICO score.

Tom Burris
Mortgage Banker
DallasLoanGuy.com
214-763-4629

Kristina,

It is more likely to impact your scores when more than one pull your score.

Nicole Arenas, Realtor
nicolearenas@ymail.com

Yes.
The Fair Credit Reporting Act was changed to accommodate 'shopping'.
However, as mentioned in your other question..... It is usually not necessary to have your credit pulled to shop.

Let me know if I can answer any follow up questions!