A hard credit check, aka a full credit check, is performed by a lender when you’re ready to submit a loan application. The lender requests your credit report from the credit reporting agencies, to help determine the best interest rate they can offer you and it will have a minor impact on your credit score.

The impact a hard credit inquiry has on your credit score is time-bound: credit reporting agencies will only dock your credit score once within a 30-day period. This means you won’t be repeatedly penalized for completing multiple mortgage applications during this period as it’s quite common for borrowers to compare the interest rates they’re offered by applying for a loan with more than one lender.

Hard credit checks are necessary to verify your credit history after you’ve been approved for a loan. Your credit score and borrowing history are important as they can help lenders evaluate your ability to pay back loans. The higher your credit score, the lower interest rates you’ll be able to get. If you’re planning on making a down payment less than 20%, your credit score also affects your pricing for mortgage insurance.


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