@dougisyourlender A new credit scoring option is entering the mortgage world, and it may help some buyers who were previously very close to qualifying. VantageScore is now being used on certain loan programs and, in some cases, we are seeing higher scores compared to traditional FICO models. That does NOT mean lending standards disappeared. Buyers still must fully qualify through underwriting, income, asset, and debt ratio requirements. But for some borrowers, this could create another path to homeownership. Watch the video for the full breakdown. Can VantageScore Help You Get Approved? #MortgageTips #HomeBuying #VantageScore #VALoans #DougIsYourLender ♬ original sound – Paythtman 💰

A new credit scoring option is entering the mortgage world, and it may help some buyers who were previously very close to qualifying.

VantageScore is now being used on certain loan programs and, in some cases, we are seeing higher scores compared to traditional FICO models. That does NOT mean lending standards disappeared. Buyers still must fully qualify through underwriting, income, asset, and debt ratio requirements.

But for some borrowers, this could create another path to homeownership.

Watch the video for the full breakdown.

Can VantageScore Help You Get Approved?

#MortgageTips#HomeBuying#VantageScore#VALoans#DougIsYourLender

Posted in Smarter Mortgage Series