Classic FICO
Remains eligible. Classic FICO can continue to be used for eligible conventional mortgage loans.
Now Accepting VantageScore 4.0
How to Request Scores
More Credit Scoring Flexibility with Mega
Mega Capital Funding is now accepting VantageScore 4.0 for eligible AGN loans, giving mortgage brokers another option when evaluating conventional mortgage scenarios. Explore the benefits, understand the updated agency requirements, and learn how to request VantageScore credit scores for your next eligible loan.
Understanding Your Options
What Is VantageScore?
VantageScore is a credit scoring model developed by VantageScore Solutions, a company founded by Equifax, Experian, and TransUnion. Like FICO, it evaluates credit information to help lenders assess credit risk.
VantageScore 4.0 uses a modern scoring approach that can incorporate trended credit data and certain reported rental payment information, when available. The model provides another way to assess eligible borrowers and may support additional mortgage financing opportunities.
Why it matters for brokers: A borrower’s VantageScore 4.0 can differ from their Classic FICO score. For qualifying AGN loans, the flexibility to evaluate either eligible model may help identify a more suitable credit-scoring path.
Another Eligible Scoring ModelOffers an alternative to Classic FICO for qualifying conventional loans.
Trended Credit AnalysisCan evaluate credit patterns over time rather than just a single snapshot.
Potentially Broader Credit InsightMay factor in rental payment data when reported and available.
AGN Loan OpportunitiesMega currently accepts VantageScore 4.0 for eligible AGN products only.
Agency Policy Milestone
A Major Update for Conventional Mortgage Lending
The Federal Housing Finance Agency (FHFA) expanded the acceptable credit scoring models for conventional mortgage lending. On September 9, 2026, Fannie Mae and Freddie Mac expanded VantageScore 4.0 availability to all of their approved lenders.
MAJOR UPDATESEPT. 92026
VantageScore 4.0
Now available. Fannie Mae and Freddie Mac accept VantageScore 4.0 for eligible loans under their applicable requirements.
Broker Choice
For eligible Mega AGN scenarios, brokers may compare both models and request the model with the more favorable qualifying middle score, where applicable. One scoring model must be used for all borrowers on the same loan. Mega’s AGN workflow and agency requirements apply.
Pricing Alignment
As announced September 30, 2026, Fannie Mae and Freddie Mac aligned their upfront-fee pricing approaches across Classic FICO and VantageScore 4.0. Actual loan pricing still depends on the loan and applicable guidelines.
Important distinction: This is a choice between eligible credit scoring models for a loan, not permission to mix Classic FICO and VantageScore 4.0 scores across co-borrowers. Final selection, qualification, underwriting, and loan pricing must follow Mega and agency requirements.
Agency references: FHFA Credit Scores · Fannie Mae Lender Letter LL-2026-06
Important Product Restriction
VantageScore is currently eligible for AGN products only.
Not available for Mega’s other products unless separately announced. All loans remain subject to applicable underwriting requirements, agency guidelines, and program restrictions.
MGenius Loan Workflow
How to Request Vantage Credit Scores for a Loan
Whether you're requesting VantageScore at submission or after disclosures have been issued, Mega has a defined process for updating the loan and repricing with the selected scores.
Use our step-by-step guide to review the process in MGenius, including how to submit the applicable Change of Circumstance (COC) request.
Open the VantageScore Request GuideQuick Process Overview
1
Import and reissue credit.
Import MISMO 3.4, review the application, and reissue the credit report.
Import MISMO 3.4, review the application, and reissue the credit report.
2
Register under AGN.
Initial pricing may be based on Classic FICO until the COC is processed. Do not lock at this stage.
Initial pricing may be based on Classic FICO until the COC is processed. Do not lock at this stage.
3
Submit the COC request.
In your pipeline, select Request → COC → “Use Vantage Credit Scores” and provide the scores.
In your pipeline, select Request → COC → “Use Vantage Credit Scores” and provide the scores.
4
Wait for updated pricing.
Reissue or upload the VantageScore credit report to Mega. Mega will confirm when the COC and repricing are complete before you lock.
Reissue or upload the VantageScore credit report to Mega. Mega will confirm when the COC and repricing are complete before you lock.
Important: When Ordering Your Credit Report
Please make sure to request that your credit vendor include both Classic FICO and VantageScore 4.0 scores with the credit report. Confirm the required scores are available for the applicable borrowers and credit bureaus to support Mega’s AGN review process.
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Have Questions About VantageScore?
For more details about VantageScore eligibility, credit reporting, and the AGN submission process, please contact your Mega Capital Account Executive.