I’m 27F and I have excellent credit (803 last time it was pulled). I have one hard inquiry from October 10th from Bank of America for a mortgage preapproval. Yesterday on one of my credit cards i saw that I could request an increase, i did not know that they pull your credit when you do this since it’s already an open credit card account. Now i have 2 hard inquiries on my credit and i want to start the homebuying process in February-March. I can easily explain this to the bank but how will this affect me?

Now that you see the whole post, I'll break it down by section

I’m 27F and I have excellent credit (803 last time it was pulled)

803 is excellent and will help you get not only the best interest rates, but will help improve your mortgage insurance payment (conventional with less than 20% down payment)

I have one hard inquiry from October 10th from Bank of America for a mortgage preapproval.

and i want to start the homebuying process in February-March.

Credit reports are good for 90-120 days before you need a new credit pull.

Whoever is doing your mortgage will need a new report. On that report it will show credit inquiries within the past 120 days.

That hard pull from your credit card company will show up in your list of inquiries, and all you'll need to explain is that it was for a limit increase for your credit card.

This won't affect anything, just requires that explanation.

If you're wondering what kind of an impact hard inquiries have on your report, it's almost negligible as long as you're not continuing to pull it for different kinds of debt.

I hope this helps.

Sam