VantageScore Approved for Mortgage Loans
VantageScore is a new credit score model for buyers to qualify for a loan. The Federal Housing Finance Agency (FHFA) has approved this credit score model for Fannie Mae and Freddie Mac mortgage loans as an alternative to FICO scores. Since it is new, it may take time for this new credit score to be adopted. The new model could help many buyers qualify for a mortgage where previously they were unable to qualify.
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