Mortgage Blog

VA Loans for Veterans with Lower Credit Scores

VA Loans for Veterans with Lower Credit Scores

March 3rd, 2020 | mortgage, VA Low Score, VA LOAN, manual underwrite

Most veterans are relegated out of the VA Loan Program by the marketplace for having lower credit scores and credit related issues.  Many lenders shy away from VA borrowers with less than 620 credit scores and others have instituted underwriting overlays that make it a requirement for score minimums as high as 640 for veterans. We offer the VA Program with a low score option that we refer to as VA Low Score. This program provides up to 100% financing for eligible borrowers with credit scores as low as 500. This provides the veterans the opportunity to buy a home and allows them to get their credit issues in order over time.  This is a nice alternative to otherwise being locked out of the mortgage market.  The VA Loan Program is by far the fairest and most reliable financing program out there for veterans in today’s market. The rates are slightly higher for lower scores but the program also allows for a streamline refinance in the future.  The combination of flexibility provided by our VA Low Score and the VA Streamline option provides the eligible veteran the most flexible access to a new mortgage and future benefits of an easy, low cost refinance when their credit profile improves.  The VA Low Score is a manually underwritten loan thereby providing the borrower the consideration of a human decision maker versus a computer based platform.  The manual underwrite is a highly sought after feature and the foundation of the decision-making flexibility afforded to veterans and active duty when it comes to mortgage financing.

George H. Omilan
President-CEO - NMLS# 873983
Jefferson Mortgage Group LLC
Mortgage Specialists - Virginia, Maryland & Pennsylvania

Other Programs:   Alt-A Investor loans-80% Full doc & 75% No Income-No Employment, FHA & VA with Lower Score Options, Fixed & Variable Jumbos-Traditional & Private Label Reverse, Self-Employed Bank Statement & Asset Dissipation Programs. Full range of Non QM Loans for expanded qualification.

Questions/Comments encouraged



Robert Buchys - December 1st, 2020

Please call back 215 9629151

Lewis Jackson - July 28th, 2020

I am trying to rebuild my credit score by paying three credit cards back down after I was significantly late because I couldn’t get out doing the pandemic, I had the pneumonia prior to the pandemic, but I am trying to catch back up, because my family and I are trying to move to a new local closer to my daughters school.  My credit karma score is 553 transuion and 548 equifax, but capital one credit wise is 553 and exprian is 486 are any of those close to being accurate.  Thank you Lewismjackson.   Please feel free to email me at anytime I’m at the doctor all day today can’t take any calls thanks 

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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
FAX: 703-773-6946
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland & Pennsylvania. 


Jefferson Mortgage Group LLC is licensed in Virginia, Maryland & Pennsylvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.