Equifax Extends Discounted VantageScore 4.0 Pricing Through 2028
Nearly 2,000 mortgage lenders are adopting VantageScore 4.0 as Equifax locks in $1 pricing through 2028 to boost homeownership access.
Nearly 2,000 mortgage lenders and resellers are moving to adopt VantageScore 4.0, an alternative data-driven credit scoring model, according to Equifax, which announced it is extending its discounted $1 pricing for the product through the end of 2028 to accelerate industry-wide uptake.
The pricing extension is designed to lower barriers for lenders transitioning away from older scoring models, with Equifax framing the move as a way to simultaneously reduce origination costs and expand homeownership affordability for borrowers who may be underserved by traditional credit metrics.
Read more Trinity Capital Posts $880M in New Commitments for Q3 2026 →
VantageScore 4.0 differs from legacy scoring models by incorporating alternative data — such as rental payment history and utility records — which proponents argue produces more accurate risk assessments for a broader pool of applicants, including those with thin or nontraditional credit files.
The mortgage industry has been under regulatory and market pressure to modernize credit evaluation standards, and Equifax's pricing commitment through 2028 represents a multi-year financial incentive for lenders still weighing the cost and operational complexity of switching scoring systems. The scale of adoption — approaching 2,000 lenders — signals that the transition is gaining meaningful momentum beyond early movers.
Continue reading at All Financial Services & Investing.
