While HUD, does not have a minimal credit score requirement for VA loans, or even FHA loans, most lenders have a credit score requirement of at least 640 or higher in order to successfully fund and close a VA home loan. If your credit score is 640 or better, you meet them credit score eligibility requirement for funding a VA loan.
Share:
Posted in: credit score, home buying, Va Mortgages
RELATED MORTGAGE ADVICE FROM SCOTT SHELDON
Why being choosy as home buyer could be problematic
You’ve decided to buy a home, you’ve gotten preapproved with a lender, your file has…
How earning more income affects your ability to buy a home
If you’re thinking about purchasing a house, it’s not just your credit score and your…
Is is a second mortgage making your refinance harder? This tip may help…
Mortgage lenders sometimes take an overly gun shy approach to how a mortgage loan is…
How to avoid getting a jumbo loan due to Coronavirus
Securing mortgage loan financing right has become a little bit of a challenge for some…
View More from The Mortgage Files:
begin your mortgage journey with sonoma county mortgages
Let us make your mortgage experience easy. Trust our expertise to get you your best mortgage rate. Click below to start turning your home dreams into reality today!