It is possible to have perfect Fico score of 850 and LoanScore™ of 0 it means that despite the excellent credit, there are no loan programs which are matching your borrower’s needs.
Good Fico score normally helps raise the LoanScore™, but it is only part of the LoanScore™. LoanScore™ (Loan Chance of Success Score) measures the likelihood you will receive loan offers from lenders based on your loan request and your financial qualifications. Fico Score measure your credit rating it is based on your credit history. FICO, or Fair Isaac, credit scores are a method of quantifying and evaluating an individual's creditworthiness. What is the different between LoanScore™ and Fico score? LoanScore™ and Fico Score are completely different scores. Lendersa loan optimization is a proprietary process the borrower can undertake to improve the results of his loan request and raise LoanScore™. A low LoanScore™ indicates no or very few lenders with a small number of matching programs. A high LoanScore™ (E.g., above 80) indicates many eager lenders who are interested in arranging the loan based on the borrower request. The LoanScore™ scores range from 0 to 99. The LoanScore™ indicate to the borrower the number and the quality of the lenders who are interested in looking at his loan request. A borrower can explore many inquiries and receive several results for each inquiry with unique LoanScore™ for every result. LoanScore™ (Loan Chance of Success Score) measures the likelihood to find participating lenders who have matching loan programs to the borrower loan request. Other unimproved residential zoned land.Undivided one/more residential zoned parcels for subdivision.Single subdivided lot for SFR, Duplex, Triplex or Fourplex.
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