Secondly - do not get a new credit card. New credit negatively impacts your score because there isn't an established history for that account AND you'll have another inquiry. A new account will have a negative impact to your credit score for about the first 6 months and a neutral impact for months 7-12 after which the history of the account - assuming it's good - will positively impact your score.
VA guidelines do not have credit score requirements but there are requirements regarding credit history. The investors who buy the loans have guideline overlays that often implement score requirements. 640 is quite common. It would probably be good to work on getting the score up before you secure a loan since you may otherwise have to pay for a loan-level pricing adjustment due to your lower score. I have a credit repair company That I work with who has done a good job for many of my clients. Feel free to contact me if you would like me to put you in touch with them.
David Cooper. Las Vegas Foreclosure Investor in Bank Owned Cash flow Houses. FReee List +1-7024997037...
not a real estate agent. ask about limited partnerships
Coldwell Banker Best Sellers
123 W. Second Street
Carson City, NV 89703
Office: (800) 352-4452 or (775) 883-8500 - Ext. 1111
David Cooper Las Vegas Foreclosure Investor in Bank Owned houses with Cash Flow. FReee List +1-7024997037 not a real estate agent Ask about limited partnerships
Mike Enright Valley Realty & Mgmt.