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Fannie and Freddie expand VantageScore 4.0 for single-family lenders

Lenders must use one credit score model for all borrowers on a given GSE loan, and pricing grids were updated to cover loans delivered using VantageScore 4.0.

Reported · Written up by our desk · Mortgages

Fannie Mae and Freddie Mac have opened VantageScore 4.0 to all approved single-family lenders, positioning the newer credit score model as a broad option for conventional mortgages sold to the government-sponsored enterprises, according to HousingWire. The change advances the FHFA’s credit-score modernization effort and came through Fannie Mae’s Lender Letter LL-2026-06 and Freddie Mac’s Bulletin 2026-H, both dated Wednesday. Effective immediately, lenders can originate and deliver eligible loans to the GSEs using either the traditional Classic FICO score model or VantageScore 4.0, but the same model must be used for all borrowers on the loan. HousingWire reports that lenders cannot mix Classic FICO and VantageScore 4.0 among borrowers on the same mortgage. For manually underwritten loans, Fannie and Freddie say they must continue using Classic FICO only and comply with existing minimum credit score requirements. Fannie updated its loan-level price adjustment, or LLPA, matrix to include pricing guidance for loans delivered with VantageScore 4.0, and Freddie updated Exhibit 19, Credit Fees, including base grids and custom mortgage insurance option grids for each credit score model. HousingWire notes that FICO Score 10T is not yet eligible for delivery to either GSE, and that Fannie and Freddie will continue to accept Classic FICO for lenders not ready to operationalize VantageScore 4.0.

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