Equifax Slashes VantageScore 4.0 Mortgage Score to $1, Targets $1B Industry Savings
Equifax cut VantageScore 4.0 mortgage credit score pricing to $1, a 90% reduction projected to save the mortgage industry and consumers about $1 billion in loan acquisition costs. It will still offer free VantageScore 4.0 to FICO buyers and provides alternative data and employment indicators at no additional charge.
1. Pricing Reduction Details
In March 2026, Equifax reduced the VantageScore 4.0 mortgage credit score fee to $1, representing a 90% price cut from current mortgage score costs. The company will continue providing free VantageScore 4.0 scores to customers who purchase FICO scores across mortgage, automotive and card financing sectors.
2. Projected $1B in Savings
By lowering the score price, Equifax expects the mortgage industry and borrowers to achieve roughly $1 billion in combined savings on loan acquisition fees. This cost reduction aligns with the Federal Housing Finance Agency’s efforts to introduce scoring competition and affordability in mortgage lending.
3. Expanded Data Offerings and Adoption
Equifax also bundles alternative data—including telecom, pay TV and utilities payment histories—and a free employment and income verification indicator with every credit report at no extra cost. These enhancements aim to give lenders a more comprehensive financial view, potentially increasing originations without added risk.