Friday, January 15, 2016

Bad Credit Scores Now Qualify VA Loans



Good news for veterans of the U.S. military. It just got easier to qualify for a VA mortgage if you have less than perfect credit. You can now qualify for a VA loan with a bad credit score as low as 580. That’s one of the lowest qualifying scores you’ll find in today’s mortgage market.

And, veterans and active members of the military can qualify for a VA loan with the low credit score of 620 as well.

Borrowers who meet this minimum credit score criteria can lock in a 30, 25,15year fixed-rate loan with a VA loan. This is great news for people who have been unable to qualify in the past because qualifying credit thresholds were higher.

If your credit is at least 580 and you want to take advantage of low home prices and mortgage rates, this is your chance!

One thing mortgage clients need to keep in mind – additional underwriting guidelines to the standard VA guidelines may apply when qualifying for a loan with a credit score of 580. Contact a 50StatesLending.com today to qualify for this unbelievable opportunity!


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