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VA Home Loan Minimum Credit Score Requirements
Veterans who have eligibility for a VA Home Loan need to understand the “essence” of the credit requirements set out by the Veteran’s Department.  The VA Doesn’t make these loans, they simply guarantee that if the lender meets the underwriting guidelines in approving a VA Home Loan, then the Veteran’s Administration will insure the Bank against potential future losses.  And that’s where things get tricky, because the VA doesn’t require a “set” credit score.  VA Home Loan minimum credit score requirements don’t really exist, and so it is up to the lender to look at the credit history and the pattern of paying bills on time.
 
The Bank sets out “overlays” or additional guidelines based upon credit scores, debt to income ratios, and residual income.  Overall, a Veteran who shows continuous slow payments, judgments and delinquent accounts will not be a good candidate for a VA Home Loan.  However, when thinking about VA Home Loan minimum credit score requirements remember that just because you had an “event” that caused a dip in your credit, doesn’t mean we can’t make you a loan.  Each situation is unique.
 
VA Home Loan Minimum Credit Score Requirements
VA Home Loans can go up to $750,000 with most of our Investors.  For Loans ... more

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