Review Of Does Getting Prequalified For A Home Loan Affect Your Credit References. A soft inquiry (also called a soft pull) isn't connected to a specific application for new credit (a mortgage or a credit card, for example) and doesn't require your permission, so it doesn't. The lower your credit score, the higher the risk for the lender, which translates into higher interest rates.

Disclosure update as of 08.2022 *trustpilot trustscore as of june 2020. With credible’s partner lenders, you can take out a $600 personal loan up to a $100,000 personal loan. A credit score of at least 620 is recommended to qualify for a mortgage, and a higher one will.