Which Credit Scores Do Kentucky Mortgage Lenders Use?
Kentucky Mortgage lenders use FICO scores in evaluating your credit. But the version that they use is specific to the mortgage industry. It gives more emphasis to your mortgage history than other types of credit.

According to myFICO.com, Kentucky mortgage lenders use the following credit scores:

FICO® Score 5 based on Equifax data
FICO® Score 2 based on Experian data
FICO® Score 4 based on TransUnion data
Notice that each of these scores are an actual FICO score. The fact that there are three of them is due to the fact that each is unique to one of the three major credit bureaus – Equifax, Experian and TransUnion.

While there might be slight variations in how each FICO version is calculated, they use essentially the same algorithm. When there are major differences between the scores, it’s usually due to reporting. For example, a creditor may report to Equifax and TransUnion, but not Experian. If your payment history with that creditor is below average, your credit scores with Equifax and TransUnion will be lower than your Experian FICO score.