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credit standards va loan: Minimum Credit Standards for VA Financing - 12/16/08 08:56 AM
Minimum Credit Standards for VA Financing
 
While the Veterans' Administration does not set a minimum credit score standard for VA Home Loans, the mortgage industry does.  In the wake of the subprime meltdown, many of the secondary market mortgage investors (companies that buy bundles of mortgages) have tightened credit criteria. 
 
The minimum credit standard for lending on VA Home Mortgages is set at a minimum credit score of 580.  Credit Rescoring products are available to permanently increase credit scores.  Ask your Loan Originator for more information.
 
Other criteria than just credit score are also considered in underwriting.  A … (3 comments)

 

Jean Blakeley-Cook Mortgage Loan Originator

Minneapolis, MN

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Flagship Mortgage Corporation

Address: 2811 30th Ave S, Minneapolis, MN, 55406

Office Phone: (612) 287-5017

Cell Phone: (612) 817-2954

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