MYTH or FACT

Using FICO® Score 10 T, mortgage approval rates can be expanded by 5% without adding incremental risk relative to the current score in use.

The newest and most powerful flagship FICO Score model, FICO® Score 10 T, can help more consumers qualify for mortgage loans.

Lenders and other stakeholders in the mortgage market are already recognizing the value FICO® Score 10 T can provide across the mortgage ecosystem. The Federal Housing Finance Agency announced that FICO® Score 10 T was validated and approved for use by Fannie Mae and Freddie Mac, and the transition process is underway. And since 2023, several of the top mortgage lenders — in addition to lenders across other consumer credit markets — have signed up for the FICO® Score 10 T.

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