VantageScore 4.0 acceptance for mortgage delivery, FHA, and mortgage insurance

Applies to: Mortgages sold to Freddie Mac with Settlement Dates on or after October 1, 2026, including those with VantageScore 4.0 or Classic FICO Indicator Scores.

What to review: First review how Mortgages with Settlement Dates on or after October 1, 2026 are allocated to Loan Selling Advisor contracts (contract acceptance date on or after October 1, 2026) so the updated Credit Fees apply regardless of Credit Score model, then note that VantageScore 4.0 Credit Fee grids no longer apply to negotiated provisions in Purchase Documents. AWACS interpretation

Applies to: Loans submitted to Arch MI for mortgage insurance, including those using the VantageScore 4.0 credit score model, which Arch MI now accepts for all its programs.

What to review: First review the mandatory requirement, effective immediately, to indicate the representative credit score model and score used to underwrite and price each transaction; then note that Arch MI accepts VantageScore 4.0 loans for all its programs from operationally ready customers, and that lenders may select the model loan by loan, applied consistently to all borrowers. AWACS interpretation

Applies to: Loans insured by National MI that use VantageScore 4.0 and are DU Approve/Eligible or LPA Accept/Eligible.

What to review: No change is mandatory. National MI now accepts VantageScore 4.0 immediately, so lenders may use it for National MI-insured loans that are DU Approve/Eligible or LPA Accept/Eligible and meet GSE requirements and the VS4 score minimums in the updated TrueGuide (sections 2.3.1, 2.3.2, 2.3.3). AWACS interpretation

Applies to: Fannie Mae loans where approved lenders choose VantageScore 4.0 credit scores; lenders not approved continue to use classic FICO.