VA Loan Credit Score Requirements

Credit Scores for VA LoansWhat are the VA Loan credit score requirements?

Oftentimes Veterans are told they don’t qualify for their VA Loan when they still may be actually able to get one elsewhere.

The reason behind this is that different lenders have different credit score requirements.

For example Goldwater Bank (the company that I work for) requires that the Veteran have a minimum credit score of just 600 in order to be able to obtain a VA Home Loan. While I am familiar with other institutions whose VA Loan Credit Score Requirements are a 620.

So again, just because you may have been told that you don’t qualify for your VA Loan does not mean that you are not be able to seek financing elsewhere, which is exactly why I am here to serve you.

Video About VA Loan Credit Score Requirements

If you have questions about your VA Loan and the specifics of the credit score requirements I would be honored to serve you! My name is Jimmy Vercellino and I am a United States Marine Corps Veteran Specializing in VA Loans.

Feel free to roger up with my by emailing me at jimmy@valoansforvets.com

Thank you and may God bless you for your service to our great country!

Semper Fidelis,
Jimmy Vercellino


The 2 Forms Needed on the VA Home Loan

The VA Home Loan requires 2 forms. The DD-214 and the VA Certificate of eligibility. Simple enough right? Wrong. These 2 forms have caused much confusion for Veterans when applying for the VA Home Loan.

First we will take a look at the DD-214 which we all know as our discharge paperwork. The reason why the DD-214 is so important on the VA Home Loan is because it tells the lender what type of discharge you had from the military which will determine if you are eligible for your VA Home Loan Benefits.

As many Veterans know this form is incredibly important for more reasons than just using your VA Home Loan. So if for some reason you have misplaced, or lost it, thats okay. This form can be ordered from the Veterans Archives Website at http://www.archives.gov/veterans/military-service-records/

Now please understand that you MUST have this form prior to applying for your VA Home Loan. I say this because if for some reason it’s lost or misplaced it can delay your home buying experience causing stress for you and everybody involved on the transaction.

The VA Certificate of Eligibility causes much confusion for Veterans when attempting to use their VA Home Loan benefits. Furthermore this form is designed to tell both lender and the Veteran that the Veteran has sufficient entitlement/guarantee to use the VA Home Loan. Veterans please understand that just because we may have a VA COE does not mean that we automatically qualify for the VA Home Loan. A Veteran can have a VA COE and be eligible for the VA Home Loan and still not have the minimum credit score that the lender requires which is 600. To apply for your Certificate of Eligibility you may do so by contacting me directly at https://www.valoansforvets.com/contact-me/

Semper Fidelis,
Jimmy Vercellino