The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

What to know about VA loans

By Scott Sheldon / July 9, 2020

The VA mortgage is hands-down the best mortgage loan program. Here’s what you need to know if you’re a US military veteran and you’re eligible for VA financing… The VA does not grant loans, but they guarantee loans. The Depart of Veteran’s Affairs guarantees the lender against payment default. VA loans typically have much lower…

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Scott Sheldon's The Mortgage FIles Blog

What credit score do I need for a VA home loan?

By Scott Sheldon / December 18, 2012

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…

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