What kind of credit do you need to buy a home? Credit expert Tim Alvis of Veterans United Home Loans breaks down what the credit requirements look like for VA loan borrowers.
For Veterans and prospective VA homebuyers, VA loans feature more flexible credit guidelines than other mortgage types. You can still get a VA loan with bankruptcy or foreclosure in your credit history. Most private lenders set a 620 FICO score benchmark for VA Loans but having a higher score increases your chances of securing a lower interest rate.
Tim Alvis, Senior Loan Officer (NMLS ID 373984)
Time Stamps
0:18 - Minimum Credit Requirements
0:54 - VA Loan Guidelines
1:37 - Common Misconceptions
2:01 - Bankruptcies & Foreclosures
Watch the entire VA Loan Guide to Homebuying here: • Everything About VA Lo...
Learn more about credit scores for VA loans: www.veteransun...
For more homebuying tips, follow us on:
Facebook: / vuhomeloans
Twitter: / veteransunited
Instagram: / veteransunited
TikTok: / veteransunited
#VeteransUnited #CreditScore #Homebuying
VeteransUnited.com | 1-800-884-5560 | 1400 Veterans United Drive, Columbia, MO 65203
Veterans United Home Loans NMLS #1907 (www.nmlsconsumeraccess.org). A VA approved
lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.
Licensed in all 50 states. For state licensing information, please visit www.veteransunited.com/Licenses.
Equal Opportunity Lender
27 авг 2024
