Securing a VA loan with bad credit is not impossible, however it is typical for all loan providers to own a far more stringent credit demands.
This post ended up being prompted by VA Loans Insider audience Mary Ann Parker, whom inquired about securing a VA loan with bad credit. In reality, one of the more common concerns we get is, “Am I Able To get yourself a VA loan with bad credit?”
The brief response is yes, you are able to obtain a VA loan with bad credit. For VA loans, borrowers frequently desire a FICO rating with a minimum of 660, nevertheless the VA does not mandate a minimal credit rating requirement plus some loan providers might be ready to go below that cutoff. Continue reading