We are a military family and are looking to buy our home. We have had some credit issues in the past as we
have an Autistic child and I have not been able to work but my husbands score is 583 to 606 within the 3 credit bureaus. Will we be able to get a home loan using our VA with that score?
Alana-
You don't need a 620 score for a VA loan. Credit score minimums are imposed from lender to lender. I can qualify your loan as long as the credit score is at least 550, not 620. As far a credit score is concerned, you have cleared the first hurdle to qualifying for your new mortgage.
If I can be of any assistance to helping you qualify, please let me know.
Luke Allison
Flagstar Bank
828-777-8828
Luke.Allison@flagstar.com
Apply Online: flagstarloans.com/lallison
VA is basically now at 620. I sugget going to http://www.annualcreditreport.com and go line by line and dispute anything that is wrong. This is 100% free and you don't have to sign up for anything. It is a free site from the government!
Once you've done that, within 30 days any issues will be clear and you should be able to buy.
I will run the credit scores for you for free in 45 days from when you do the above website cleanup!
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Fair Housing and Equal Opportunity