VA Loan and Credit Score
VA Loan and Credit Score

Welcome to our VA Loan and Credit Score page! Firstly, this page will help you understand the VA home loan program a little more. Additionally, you can read reviews from numerous low credit score VA buyers with whom we assisted in achieving their dream of homeownership.

Are you particularly curious about the VA Loan and Credit Score requirements?

Furthermore, are you wondering which lenders offer these types of loans?

Do you specifically want to know which lender would work best for your credit score situation?

If so, you have unquestionably landed on the right page! For decades, we have been successfully pairing the right lenders to fit the individual's credit score for a VA home loan.

Welcome to our VA Loan and Credit Score page! Firstly, this page will help you understand the VA home loan program a little more. Additionally, you can read reviews from numerous low credit score VA buyers with whom we assisted in achieving their dream of homeownership.

WE KNOW THE LENDERS...

and, just like real estate brokers, THEY'RE NOT ALL THE SAME!

black board with five stars on it hanging on a wall to grant approval for a low credit va loan

Christina is especially proud to become a homeowner because the minimum credit score to get a VA loan was reduced for her.

"We would give Cory and WEBREALTY 10 stars if possible. They knew tricks of the trade that were essential in finally closing on our home. Cory went above and beyond in what must have been the most complicated purchase ever, taking almost five months from the offer to close. Cory was there for us throughout the process, allowing us peace of mind. - Christina & Ryan Wray"

We are passionate about assisting VA buyers in making their dream of homeownership a reality, regardless of any credit score challenges.

Cory Burger
Young couple with kids in front of their new home after getting a VA loan and credit score needed.

Are you particularly curious about the VA Loan and Credit Score requirements?

Furthermore, are you wondering which lenders offer these types of loans?

Do you specifically want to know which lender would work best for your credit score situation?

If so, you have definitely landed on the right page! For decades, we have been successfully pairing the right lenders to fit the individual circumstances of our VA clients who need help with the credit needed for a VA home loan. 

VA Loan Credit Guidelines

"This is my second time working with Cory and of course it was the best experience. Cory has awesome attention to detail so when you tell him what you are looking for, he will absolutely cater to you.

Any questions you could possibly have he will educate you so that you feel confident in what you are doing. Cory is such a compassionate person that at no point did I feel like I was alone during the whole house buying process. Thank you Cory!"

An Introduction

About VA Loans and Credit Scores

woman holding an iphone horizontally with an image of five stars on it.

Undeniably due to the relaxed credit score requirement for VA loans, Jean and her family are now proud homeowners.

"Cory Burger, you are the man! He is Very professional and responsive. I wish I could give you more than five stars because your work ethic and customer service are top-notch. Thank you, my man!"
woman holding an iphone horizontally with an image of five stars on it.

Jean and her family are thrilled to have achieved their dream of homeownership thanks to the recent reduction in the VA loan credit guidelines.

"Cory Burger, you are the man! He is Very professional and responsive. I wish I could give you more than five stars because your work ethic and customer service are top-notch. Thank you, my man!"

"Buying a home is unquestionably the most financially prudent move you will ever make!"

Let's work together to secure your approval for a VA home loan despite a low credit score, helping you achieve homeownership!

LIFe LONG FINANCIAL FREEDOM...

LIFe LONG FINANCIAL FREEDOM with the credit score needed for a va home loan...

touch the $ symbol

An Introduction

About Credit Scores

"Buying a home is the most financially prudent move you will ever make!"

Securing the necessary credit for a VA home loan is the key to achieving long-term financial freedom. ...

touch the $ symbol

a black backgroud, white frame, and an image of Cory Burger on it. Above the frame is a horizontal row of five stars signifying success in applying for a low credit va loan.

David Ramirez is ecstatic about becoming a homeowner. He attributes it directly to the relaxed VA loan credit score guidelines.

"WEBREALTY TEAM knocked it out of the park on this one! Specifically our agent, Cory Burger! Cory and his team demonstrated trust and confidence while being relatable to my wife and me. We purchased a home in central WA while Cory handled things in the Olympia area. That lets you know how confident Cory made us feel. We got the deal done in under 9 Days! We would do this three times over! Thanks, WEBREALTY Team, and most importantly, THANK YOU CORY!"
a black backgroud, white frame, and an image of Cory Burger on it. Above the frame is a horizontal row of five stars signifying success in applying for a low credit va loan.

David Ramirez is ecstatic about becoming a homeowner. He attributes it directly to the relaxed credit score guidelines.

"WEBREALTY TEAM knocked it out of the park on this one! Specifically our agent, Cory Burger! Cory and his team demonstrated trust and confidence while being relatable to my wife and me. We purchased a home in central WA while Cory handled things in the Olympia area. That lets you know how confident Cory made us feel. We got the deal done in under 9 Days! We would do this three times over! Thanks, WEBREALTY Team, and most importantly, THANK YOU CORY!"

Getting the credit needed for a VA home loan is surely the best opportunity to becoming a homeowner. Click the button most closely representing your credit score.

NOTE: If you don't know your score, CreditKarma.com will give you a consumer score. If they give you two, then just average them. This will assist in determining the credit needed for a VA home loan.

Charles Grissom is especially excited to be in his new home. This results from a reduced credit score compared to most lenders' requirements for a VA home loan.

"Cory Burger and his associates are the very best team of Realtors. Cory is a fun, personal guy who makes you feel like you are house-hunting with a good family friend. Within two weeks, Cory found us a home that perfectly fit both our budget and our family's needs. I can't express our gratitude to WEBREALTY enough, but I will seek his services again when we decide to sell our home."
Happy couple with keys after achieving the VA Loan and Credit Score

VA Loan and Credit Score

A VA Loan and Credit Score Explained

Are you a veteran currently serving in the military and subsequently thinking about buying a home? If that’s the case, you’ve undoubtedly encountered information about VA loans. These loans provide significantly better benefits to those who have served. Navigating how your credit score affects your eligibility is unquestionably a bit intricate. Don’t worry, we’re here to provide you with all the details you need to make an especially informed decision.

What is a VA Loan?

VA loans are a fantastic mortgage option guaranteed by the Department of Veterans Affairs in the United States. These loans offer veterans and their surviving spouses long-term financing with some incredible benefits. With VA loans, you can simultaneously enjoy low interest rates, the convenience of zero down payment, and the added bonus of being exempt from private mortgage insurance (PMI). It’s undoubtedly a great opportunity for those who have served our country!

The Importance of Credit Scores

When you apply for a VA loan, your credit score definitely matters. While the VA doesn’t have a set credit score requirement, most lenders do. Typically, a credit score of 620 or higher is required to qualify, but some lenders may consider scores as low as 580. In exceptional cases, loans have been approved for individuals with scores as low as 500. It’s important to note that a higher credit score can lead to better interest rates and more favorable loan terms. Don’t worry if your score isn’t perfect – there are still options available to you. Keep up the good work!

How Taking Out a VA Loan Can Impact Your Credit Score

Securing a VA loan can influence your credit score in ways, both positively and negatively;

The positives

  • Establishing Credit History: Effectively managing your mortgage payments can contribute to building a credit history.
  • Credit Variety: Diversifying the types of credit you have (such as credit cards, car loans, and mortgages) can enhance your credit score.

The negatives

  • Hard Credit Inquiry: Applying for a VA loan involves lenders inquiring about your credit report, which might decrease your score.
  • Payment Delinquencies: Failure to make timely mortgage payments can significantly harm your credit standing.

Actions to Enhance Your Credit Score Before Requesting a Loan

If you’re looking to boost your credit score before applying for a VA loan, consider taking these steps;

  1. Review Your Credit Report;
  • Obtain copies of your credit report from the three credit bureaus (Experian, Equifax, and TransUnion) via AnnualCreditReport.com.
  • Scrutinize your report for any inaccuracies or mistakes. Address them promptly.
  1. Reduce your Debt to income ratio by paying off existing debts, starting with high-interest ones like credit card balances.
  2. Always pay all your bills on time, as punctual payments impact your credit score.
  3. Avoid opening credit accounts or taking on debt before applying for a VA loan.

The Application Procedure

When applying for a VA loan, there are steps involved with your credit score being crucial throughout;

  1. Prequalification;

Consult with a lender to get prequalified and determine the amount you can borrow based on your status.

  1. Preapproval;

Apply to secure preapproval for the loan, which requires assessing your credit score, income, and assets.

  1. House Hunting and Purchase Agreement;

Search for your home. Negotiate a purchase agreement with the seller.

  1. VA Appraisal and Underwriting;

The lender will arrange for a VA appraisal to confirm that the property meets the requirements set by the VA.

  • A reviewer will assess your loan documentation, including your credit rating, to confirm that you satisfy the lender’s requirements.
  1. Closing;
  • After your loan gets approval, you’ll finalize the purchase of your home by signing all the paperwork and officially becoming the property owner.

In Conclusion

Understanding how your credit score impacts your eligibility is crucial for prospective homebuyers, especially those seeking VA loans. By improving your credit score and becoming familiar with the application process, you can boost your chances of securing a VA loan with favorable terms. Let’s set you up for success in achieving your dream home!

A hand coming in from the left and laying down the last star of five stars signifying success in getting a low credit va loan

Lonnie is excited to announce they are now homeowners because of the reduced credit score requirement.

"Cory Burger is super legit. I love that he helped my family and got us into our new home in Yelm. I will always refer him to my military buddies and friends in the local area. His communication is top-notch, and his knowledge is amazing, too. I can call Cory anytime, night or day, and he will help me with further questions or concerns. I owe you and your family dinner and cannot repay you enough. If you aren't giving Cory your business, you're wrong!"
A hand coming in from the left and laying down the last star of five stars signifying success in getting a low credit va loan

Lonnie is excited to announce they are now homeowners because of the reduced credit score requirement.

"Cory Burger is super legit. I love that he helped my family and got us into our new home in Yelm. I will always refer him to my military buddies and friends in the local area. His communication is top-notch, and his knowledge is amazing, too. I can call Cory anytime, night or day, and he will help me with further questions or concerns. I owe you and your family dinner and cannot repay you enough. If you aren't giving Cory your business, you're wrong!"

Wouldn't you like to know if you are a candidate for a low credit va loan?

It all starts with selecting your corresponding button, above.

black board with five stars on it hanging on a wall to grant approval for a low credit va loan

Christina has become a proud homeowner because her VA loan and credit score requirements were relaxed.

"We would give Cory and WEBREALTY 10 stars if possible. They knew tricks of the trade that were essential in finally closing on our home. Cory went above and beyond in what must have been the most complicated purchase ever, taking almost five months from the offer to close. Cory was there for us throughout the process, allowing us peace of mind. - Christina & Ryan Wray"

To read more client comments, click below.