credit score requirements: VA Home Loan Minimum Credit Score Requirements
- 12/06/17 08:31 AM
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 … (0 comments)
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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 … (0 comments)
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