Q: DOES THE VA HAVE A MINIMUM REQUIRED CREDIT SCORE?
Hey there….did you know that the VA actually has no minimum required credit score? Most banks have what are called overlays on top of the VA guidelines. The majority of the time these bank overlays include a credit score of 620 or higher.
Buyers don’t need to provide blemish free credit reports however it does help significantly with your interest rate. The VA loan is out to help, and accommodate, the Veteran with purchasing a home.
Your credit doesn’t have to be perfect and many times buyers get letters of rejection with no guidance on where to go. Don’t hesitate to get a second opinion from another lender.