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Frequently Asked Questions

How can I get a VA loan with bad credit?

It is possible to get a VA loan with bad credit. In fact, there is technically no minimum credit score requirement enforced by the VA. That doesn't mean your credit is irrelevant, however. As said above, most VA-approved lenders prefer a credit score of at least 620, but you might be able to find lenders with lower minimum guidelines.

What is the minimum credit score for a VA loan?

Across the spectrum of VA lending, a 620 FICO score is a common credit score minimum. But that benchmark can be higher or lower depending on the lender, the economic environment, how much you're hoping to borrow and more. Some VA lenders might be fine with a 580 FICO score. Others will want to see something higher.

What are the benefits of a VA loan?

It’s backed by the U.S. Department of Veterans Affairs (VA), meaning the VA guarantees the loan on behalf of the mortgage lender in the event the borrower stops making payments. The benefits of a VA loan include no down payment and no mortgage insurance requirements. VA loans also tend to have lower interest rates and looser credit standards.

What are the different types of VA loans?

Beyond the usual purchase, refinance and IRRRL (streamline) VA loans, Veterans United home loans include Jumbo VA loans and VA energy-efficient mortgages.


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