Are you dreaming of buying your home one day but your credit hasn't been cooperating?
Well great news! In a historic decision, the Federal Housing Finance Agency, the parent authority over Fannie Mae and Freddie Mac, has recently announced they are accepting VantageScore 4.0 to be accepted! Up until now, only FICO models were acceptable.
This change could help millions more show up on paper in a way that leads to loan approval, where in the past they may have experienced scores too low or credit too thin for approval. This is a GAME CHANGER and truly exciting!
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