Equifax Extends $1 VantageScore 4.0 Pricing to Boost Mortgage Access
Nearly 2,000 mortgage lenders are adopting VantageScore 4.0 as Equifax locks in $1 pricing through 2028 to expand homeownership access.
Equifax has announced that nearly 2,000 mortgage lenders and resellers are in the process of implementing VantageScore 4.0, an alternative data-driven credit scoring model, marking a significant acceleration in the mortgage industry's shift away from older scoring systems.
To sustain that momentum, Equifax is extending its $1 VantageScore 4.0 pricing through the end of 2028. The company said the extended pricing is designed to encourage broader industry adoption, lower costs for lenders, and ultimately improve homeownership affordability for consumers who may be underserved by traditional credit models.
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VantageScore 4.0 differs from legacy scoring systems by incorporating alternative data — such as rent, utility, and telecom payment histories — allowing lenders to evaluate borrowers who have thin or nontraditional credit files. Proponents argue this approach can expand the pool of creditworthy applicants and bring more first-time and lower-income buyers into the housing market.
The timing of the push is notable given ongoing affordability pressures in the U.S. housing market. By reducing the per-score cost and widening the scoring model's reach, Equifax is positioning VantageScore 4.0 as both a competitive tool for lenders and a policy-aligned solution for regulators and housing advocates focused on access to credit.
The scale of lender participation — nearly 2,000 institutions — suggests the industry is moving past the early-adopter phase and toward mainstream integration of the newer scoring standard. Continue reading at All Financial Services & Investing.
