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VA Home Loan

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The VA wants a score of 620 and if you have had past lates or any negative information they want a letter stating what caused it.

mom939409 is correct.

In school remember a chapter on VA loans, these loans were intended for Veterans returning from war, having damaged credit. The seven years writing loans (5 to 20 a month), remember the key difference between VA and other loans was the credit score requirement.

Effective March 6, 2009, a minimum credit score for VA loans had to be 620 will be required to be eligible for VA loans.

ref - VA Loan Information - VA Loans for Veterans and Active Military

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mom939409 is correct.

In school remember a chapter on VA loans, these loans were intended for Veterans returning from war, having damaged credit. The seven years writing loans (5 to 20 a month), remember the key difference between VA and other loans was the credit score requirement.

Effective March 6, 2009, a minimum credit score for VA loans had to be 620 will be required to be eligible for VA loans.

That would be correct. The VA doesn't have a credit requirement, but the government isn't giving the loan, they are only backing it. The lender has final say on the credit requirements, which generally lands at a minimum of 620. VA loans also have a less strict debt-to-income ratio, falling at a maximum of 41 percent.

Referenced from Veterans United Home Loans: VA Mortgage Spe******ts

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