Big Changes in Mortgage Credit Scoring

As of September 30, 2026, the mortgage industry is undergoing a significant change. For the first time, two major credit scoring systems, VantageScore and FICO, are being treated equally when it comes to regular home loans. This adjustment means that lenders will no longer impose extra charges for using the VantageScore, which previously came with an additional cost compared to its counterpart. This update can lead to potential savings for borrowers as lenders can now select the higher score to set your mortgage rate.

This change is a pivotal moment in the mortgage industry, as it levels the playing field between two competing credit-scoring models. Borrowers are urged to inquire with their lenders whether both scores are being considered for a fair assessment. If not, potential borrowers are encouraged to seek guidance to ensure they are getting the best possible rate for their home loan. Remember, it's crucial to protect your rate, and contacting a trusted mortgage specialist like the one featured in this update could be your next best step.