Securing a VA loan with bad credit is not impossible, however it is typical for all loan providers to possess an even more credit that is stringent.

This post had been prompted by VA Loans Insider audience Mary Ann Parker, whom asked about securing a VA loan with bad credit. In reality, the most questions that are common get is, “Can I obtain a VA loan with bad credit?”

The answer that is short yes, you’re able to get yourself a VA loan with bad credit. For VA loans, borrowers frequently require a FICO rating with a minimum of 660, however the VA does not mandate a credit that is minimum requirement plus some loan providers might be happy to get below that cutoff.

What’s Considered Bad Credit?

The very first problem is tackling confusing phrases like “bad”, “poor” or “less than perfect.” We utilize that types of language as it may be therefore tough to discern exactly just just what comprises “good” credit, or at the very least a credit rating that will get potential buyers closer to your imagine homeownership. Read more →