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VA mortgage loans in 2020

February 11th, 2020

Qualifying for the VA home loan

VA home loan underwriters assess your credit score, financial obligation, income and possessions. Below are a few thresholds to be familiar with.

Credit

The VA features founded no minimal credit score for the VA home loan. Nonetheless, numerous VA mortgage brokers need minimal FICO ratings within the reasonable- to mid-600s.

Also VA loan providers that enable reduced fico scores don’t accept subprime credit. VA underwriting instructions declare that individuals must-have compensated their particular responsibilities on time for at the very least the newest year to be viewed satisfactory credit dangers. » Read more: VA mortgage loans in 2020