This new scoring method is expected to be more widely released in April 2019.
FICO vs. UltraFICO: What's the difference?
Your traditional FICO score looks only at the money you borrow from lenders (e.g., through credit cards, and car and college loans). FICO scores generally do not factor i
The UltraFICO, in contrast, does look at your banking behavior, adding it to the mix along with more traditional metrics like your credit card payments. UltraFICO examines your checking, savings, and/or money market accounts (which are similar to savings accounts but offer a higher interest rate in exchange for maintaining a higher balance), and reports on details such as the following:
Your account history: How long have you had these accounts? The longer the better.
Your account balance: According to the UltraFICO website, it's looking for “a healthy average balance.” It doesn't spell out exactly what that means, but it suggests that consumers with a balance of at least $400 over a three-month period should fare well with this new scoring system.
Your account activity: Do you regularly pay your bills through your bank account? If you don't, you may want to start, since that will be considered, too, particularly how often you pay your recurring bills (e.g., cellphone and utility bills).
If you show responsible financial behavior in these accounts, this could improve your credit score. If you have imperfect credit or no credit but you have a positive banking history, your score may see a nice boost.
If Down payment is a challenge, Utah Housing Down payment may be able to help . 
Don't forget to Completing a Loan Pre-Qualification you'll be on your way to locking in your interest rate and giving assurance to prospective sellers that you mean business. Pre-qualification is easy and can be done via email or over the phone and speak to George Andersen at 801 550-1382.
Still Not quite ready to buy a home? You may qualify for the Lease with a Right to Purchase program. Call me and I'll give you the details on how you may qualify to get into the home you want, get settled and then purchase it when you are ready! If you prefer a more personal touch, CALL 801-809-9866 today or Visit us at Precision Realty & Associates LLC.

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