VantageScore 4.0 can now be used to determine your mortgage rate. Here's how to find yours.
CNBC Top News ·
Mortgage lenders have long used three key FICO scores — 2, 4 and 5 — to determine home loan eligibility. Now, there are a couple of new score models on the block that could make it easier for people …
Mortgage lenders have long used three key FICO scores — 2, 4 and 5 — to determine home loan eligibility. Now, there are a couple of new score models on the block that could make it easier for people with certain types of debt or limited credit history to get a mortgage. Lenders can now use VantageScore 4.0 to determine eligibility for any Federal Housing Administration (FHA)-insured loan and any Freddie Mac and Fannie Mae loan, according to a statement from the Trump administration last week. …
Original source: CNBC Top News