On April 22, 2026 the Federal Housing Administration (“FHA”) and the Federal Housing Financing Agency (“FHFA”) made a joint announcement (click here for FHFA release and click here for FHA release) that Vantage Score 4.0 and FICO 10T will be permitted as eligible credit scoring models for mortgage loans.
Fannie Mae and Freddie Mac issued guidance on April 22, 2026, indicating how lenders may take advantage of this new development. Both Fannie Mae and Freddie Mac noted that VantageScore 4.0 is eligible for immediate use for approved lenders. They both stated that implementation of the FICO 10T score would follow at a future time. Interested lenders should contact Fannie Mae or Freddie Mac for details on how to become approved for use for VantageScore 4.0. Lenders who are not approved must continue to use Classic FICO. Fannie Mae’s Announcement SEL-2026-04 bulletin may be found here and Freddie Mac’s Bulletin 2026-D may be found here.
Full Memorandum
