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When Will Your New Mortgage Show on Your Credit Report?

After you close on your mortgage and complete all the paperwork, it will typically take about one to two months for it to show up in your credit report. Having a mortgage and paying it on time can improve your credit score. However, you need to keep an eye out and make sure that your mortgage isn’t left off of your credit report due to clerical error or because your lender just didn’t bother to fill out the necessary forms to report it. It’s not a legal requirement for lenders, and some don’t want to take the time and trouble to do it.

Key Takeaways:

  • Many lenders look at one’s housing debt as a verification of the financial responsibility of that individual that is why people want to make timely payments.
  • When one takes out a loan and has closed on the loan, the loan doesn’t begin to show on the credit report until after 30 to 60 days.
  • After a loan is made it takes time to report it to the credit bureaus because much paper work has to be done.

“In some cases, lenders don’t report mortgages to the credit bureaus. While this seems odd, it’s not required. If you get your mortgage from a small, private lender, you may want to ask if they report to the credit bureaus.”

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