VA Loan Credit Score Requirements allow lenders to lend to Veterans with low credit scores.
VA Loan Credit Score Requirements will vary based on the state and Lender you choose. VA loans with low credit scores are not a thing of the past. While most banks and lenders require a 620 or 640 credit score to approve you for a VA loan. There is a big market for home loans with low credit scores for people that cannot get approved through traditional lenders. The Lenders Network has established partnerships with a select few highly reputable Lenders who accept a 580 credit score for VA loans. The VA loan credit score requirements vary from lender to lender. Not all 50 states have a mortgage lender that is able to close and fund an VA Loan with a credit score of 580.
VA Loan Requirements
- 580 minimum credit score* Varies by lender and state
- No down payment required
- Mortgage insurance exempt
- Stable employment
- No late payments in the last 12 months on any current mortgage.
- Certificate of Eligibility – Get your certificate here