FHLBank Boston Banks Can Now Use VantageScore 4.0 Model to Create Loans for 2 Million Eligible Borrowers

Members of the Federal Home Loan Bank of Boston (FHLBank Boston) can now pledge mortgage collateral using VantageScore 4.0 credit scores, effective immediately. The decision by FHLBank Boston allows its over 400 member banks and institutions to use the VantageScore 4.0 model to score 1.5 million more consumers in New England.

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“The Federal Home Loan Bank system is taking a step into the future of mortgage credit scoring with VantageScore 4.0,” said Anthony Hutchinson, EVP and Head of Public Affairs at VantageScore. “By accepting VantageScore 4.0 for mortgage collateral, FHLBank Boston will give lenders access to industry-leading, cost-effective innovation and help expand homeownership opportunities across New England.”

FHLBank Boston joins other government-sponsored mortgage entities that now accept VantageScore 4.0 for mortgages, including:

• Fannie Mae
• FHLB Chicago
• FHLB Cincinnati
• FHLB Dallas
• FHLB Des Moines
• FHLB New York
• FHLB San Francisco
• FHLBank Topeka
• Freddie Mac
• The Department of Veterans Affairs
• The Federal Housing Administration

VantageScore estimates that lenders’ use of the VantageScore 4.0 credit score model will expand credit access to approximately 13 million more mortgage-eligible borrowers nationwide. This includes an estimated 1.5 million consumers within the FHLB Boston footprint, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

To learn more about implementing VantageScore 4.0 for mortgages, visit our Mortgage Resource Center.

About VantageScore^®

VantageScore is the fastest-growing credit scoring company in the U.S., and is known for the industry’s most innovative, predictive and inclusive credit score models. In 2024, usage of VantageScore increased by 55% to hit 42 billion credit scores. More than 3,700 institutions, including nine of the top 10 U.S. banks, use VantageScore credit scores and digital tools to provide consumer credit products or generate greater insights into consumer behavior. The VantageScore 4.0 credit scoring model scores 33 million more people than traditional models. With the FHFA allowing the immediate use of VantageScore 4.0 for Fannie Mae and Freddie Mac guaranteed mortgages, the company is also ushering in a new era for mortgage lending.

VantageScore is an independent joint venture company owned by Equifax, Experian and TransUnion.

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