Getting a VA Loan with Bad Credit

One of the more frequent questions we get is can someone get a Veteran Affairs home loan with bad credit.  Although the VA guidelines do not have a minimum score, the reality these days is the lenders who issue the loans do have minimum score criteria.  There are a few that will go as low as 600, some to 620 and many set the bar at a 640 FICO score.  The guidelines also require lenders to review your recent credit history over the past 12 months; so if there are some items on your credit that don’t belong there you’ll want to get them removed. Here is what you can do if your score needs improving:

1)      Use a trustworthy credit repair service:

Just a 5-10 point improvement in your score can make the difference for a loan approval or a lower rate.  There are many unreputable credit repair companies that don’t really do much to help improve your score.   That’s why we recommend CreditRepair.com.  CreditRepair.com offers a process that has been developed, refined and proven over many years and thousands of customers. It’s people who are not only experts in the credit repair field but also experts at helping individuals meet their credit goals. Click the box below to get started on your way to a better credit score.

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2)      Know and Protect Your Credit Score:

We highly recommend using a credit monitoring service, it’s like an alarm system for your personal identity.  For a low monthly fee, any inquiry or significant change to your credit will be detected and you’ll be alerted immediately. LifeLock provides a proactive identity theft service, specializing in the prevention of identity theft rather than the reporting of it. LifeLock was founded in 2005 and is already considered the industry leader. Click the box below to get started with a free 30 day trial.


 va loans with bad credit

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