How much did your credit score go up after selling a house?

A

alex 008

Member
Who’ve sold a home recently, did your credit score change after the sale? I know selling a house might affect your credit in some ways, especially if it clears up mortgage debt or improves your debt-to-income ratio, but I’m wondering what kind of impact it actually had for you.

Did your score go up right away? Was it a small bump or something more significant? Or did it not really move at all?

I’m in the process of selling mine and trying to get a realistic idea of what to expect. I’ve kept my mortgage in good standing with no late payments, so I’m hoping this helps my score a little as I prep for a new loan down the road.
 
Mine went up about 12 points within a month. Paid off the mortgage, so debt-to-income improved. Didn’t skyrocket but enough to get better rates on my next loan.
 
I was in your shoes last year. It’s nerve wracking not knowing what’ll happen. Mine didn’t change much but the peace of mind from less debt was priceless.
 
Honestly credit scores are just vibes at this point. I paid off a whole dang house and my score dropped 5 points because i closed an installment account.
 
Closed in February. Paid off mortgage, credit card balances, and a personal loan using the proceeds. Score jumped 38 points within 6 weeks. I also didn’t open any new credit during that time which probably helped too.
 
Be sure to watch your credit report for a few months after closing. Mine had a weird delay where the mortgage servicer didn’t report it as paid off until like 45 days later.
 
Following this....i'm selling next month and trying to decide if i should wait to apply for a new auto loan until after the dust settles.
 
I actually did get a solid bump but i also paid off some credit card debt with the equity. That might’ve done more than selling itself.
 
FICO doesn’t always react immediately. Selling a house affects your amounts owed and credit mix but it depends what else is on your profile.
 
It’s not the act of selling it’s what you do with the money. If you pay off debt or reduce utilization that’s where the gains come from.
 
Sold my house during divorce. Used the cash to get current on everything. Score climbed slowly maybe 40 points over 3 months. Felt like a fresh start.
 
If you’re only selling for a credit bump, might not be worth it. But if it's part of a bigger financial strategy totally makes sense.
 
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