Get a VA Loan Even with a Low Credit Score

It is possible to secure a VA loan even if you currently have a low credit score. This is one of the major advantages of this loan program, and it has helped many thousands of veterans become homeowners over the years.

It’s important to remember, though, that while the VA has no minimum credit score, they are not actually the organization that is lending you the money. They simply guarantee that it will be repaid. Each individual lender will have requirements for your credit score. The government will guarantee you despite a low credit score, but you will still have to qualify according to the lender’s guidelines.

We can help you find the lenders who understand your situation and will work with you to find the best loan based on your credit score. It’s important to look at all your options because different institutions may have different requirements.

Most of these institutions, though, still have much lower rates than you will find on most conventional programs, and your credit score should have no impact on your rate. If, however, you have a bankruptcy on your record, you have to be at least one year out of Chapter 13 and 2 years out of Chapter 7 and have no late payments in the last year.

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