1. Movoto
  2. Buyers
  3. Preapproval & Pre-Qualifications

Does getting preapproved hurt my credit score?

Your lender will pull your credit report with a hard inquiry for the preapproval process. Hard inquiries will lower your credit score by a few points. However, multiple inquiries within a certain time period are counted as a single inquiry, so you are safe to apply with multiple lenders.