Mortgage Blog

VA Loans for Veterans with Lower Credit Scores

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 the...

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March 3rd, 2020 | mortgage, VA Low Score, VA LOAN, manual underwrite, VA Loans for Veterans with Lower Credit Scores