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U.S. Bank Bulletin on VantageScore 4.0 Credit Score Model
On September 14, U.S. Bank Home Mortgage released bulletin (B-2026-35) for their HFA and Correspondent Lending channels stating the following:
At this time, U.S. Bank is not accepting VantageScore 4.0 and will continue to accept and price for only Classic FICO credit scores for loans sold through the Third Party Lending channel.
U.S. Bank is actively evaluating the modernized credit scoring models and associated implementation considerations. Correspondent partners will be notified of any future changes to our credit score requirements as additional decisions are made.
For additional information see Bulletin B-2026-35.
Common Post-Closing Deficiency:
Missing Purchase Agreement Addendums
To get your loans purchased faster and help prevent missing documents during loan purchase review, use the Minnesota Housing and U.S. Bank checklists when submitting loans.
Avoid common error: Missing Purchase Agreement Addendums
- Review the Purchase Agreement for any required addendums and include them in the loan file submission.
- Confirm that all pages of the Purchase Agreement are included.
Note: In Minnesota, the Seller’s Disclosure Statement is not required for loan submission.
Reminder: Accessibility Updates to Minnesota Housing Documents
Over the coming months we will be updating documents and resources located on Minnesota Housing’s webpage and in our Partner Portal to make them more accessible. Changes will include the following:
- Reorganizing content to allow for compatibility with screen readers
- Moving content from PDFs onto webpages
- Making minor formatting changes
- Updating forms and worksheets
We will inform you of any documents that have significant changes.
2026 Monthly Training Webinars
Housing Choice Voucher Program to Homeownership
Thursday, September 17
9-10:30 a.m.
Monthly Update & Hot Topics Call
The Monthly Update & Hot Topics Call is for our lending and other community partners. During these calls we review recent Minnesota Housing updates and important information to help you originate and process our loans. Lenders are welcome to submit questions or topics to discuss on the call. This is a great venue to have more in-depth discussion on advanced topics. If you are a consumer, please visit www.mnhousing.gov to learn more about the programs we offer, the resources available to you and to find a participating lender.
Register for the 2026 calls.
When you register, you will be signed up for all sessions in the series but can attend the sessions that work for you. Most calls occur on the second Thursday of the month from 9-10 a.m. Central time.
2026 Schedule:
- October 8
- November 12
- December 10
Questions?
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8 a.m. and 5 p.m. on business days.
About Minnesota Housing
Minnesota Housing, the state’s housing finance agency, works to provide access to safe, stable and accessible housing Minnesotans can afford in a community of their choice. Since 2019, we've distributed $13 billion in housing investments, serving between 70,000 and 100,000 households a year.
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