Staceybutcher, Home Buyer in San Bernardino, CA

Do you think a lender would qualify with middle score 687 for VA Loan?

Asked by Staceybutcher, San Bernardino, CA Sun Apr 29, 2012

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10
I don't know but as a fellow veteran I can tell you that you willl be surprised at the many sellers who don't want anything to do with the veterans loans.

But I was lucky enough to get an FHA loan here in the midwest with a score of 548 in 2006 believe it or not! Just get yourself a good mortgage company.
0 votes Thank Flag Link Sun Aug 11, 2013
Hello Staceybutcher, any luck with a purchase with VA yet? I am a Veteran and specialize in VA Loans. Here is a link to study and consider.

http://www.under640ficoscoreloans.com/Pages/VAHomeLoans.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225
9am till 9pm 7 days
0 votes Thank Flag Link Sat Dec 29, 2012
Staceybutcher

Generally speaking, YES. Please keep in mind it isn't all about a score. There are other factors.
I will attach a link to 3 independent lenders so you can call one of your liking.
http://www.southern-california-home-loans.com

Harold Sharpe - Broker Realtor
So Cal Homes
(951) 821-8211
harold@homesredlands.com
http://www.homesredlands.com
California Department of Real Estate Broker License # 01312992
0 votes Thank Flag Link Sat Jun 30, 2012
That score meets the minimum requirements but there any many other variables that need to be considered. http://www.trulia.com/blog/elliott_r_oliva/2011/12/pre-apppr…
0 votes Thank Flag Link Thu Jun 7, 2012
YES , the Va will consider this through the lender. A higher debt to income ratio is also acceptable.
0 votes Thank Flag Link Thu Jun 7, 2012
Stacey

I think yes, but please check out:

Tim Burchinal at US Bank in Redlands,
909-213-0438

CAL VET
Go online to http://www.calvet.ca.gov/
Extra Benefits are available through them.

Let me know if I can help you.

I've place 2 veterans in homes this year in Loma Linda.
The problem with VA loans:
they have to be move in ready
Seller has to be willing to pay closing costs

That elimates most of the housing on the market, such as short sales and REO's.

New Builder Homes, Standard sales and Standard Sale Flips are a good option for you.

Please give me a call for a list of homes. 909 886 2543


Cheryl Salzmann DRE 01467267
0 votes Thank Flag Link Wed Jun 6, 2012
There is no minimum score for a VA loan...with a 780 could get denied (because their debt to income ratio is too high). I can help with a myriad of lenders to work with. Call me, i'll work with you. (909) 335 8694. http://www.jamestrapassorealty.com
0 votes Thank Flag Link Sun Apr 29, 2012
Hi,

The lender that I use is named Bradley Mullen his phone number is (760) 238-0599. Please give him a call on the question, and then we can proceed from there.

Thank you for your interest.

Regards

Lynda Wesch
Broker
0 votes Thank Flag Link Sun Apr 29, 2012
Stacey --

VA has no minimum FICO requirement. Some lenders, however, impose their own "overlays" that require a minimum FICO score.

Please contact me. We have lenders that we work with every day who can get you qualified. It pays to "shop" lenders -- what one lender will do, is not necessarily what another lender will do.

We work with buyers, and enable them to find homes. That's what we do! I'll look forward to talking with you about how we can help.

Bob
The Buyers Group
Keller Williams Realty
909-945-0659
0 votes Thank Flag Link Sun Apr 29, 2012
Hi Stacey, we would have no problem qualifying anyone with VA eligibility with a middle score of 687. Obviously, the income needs to qualify for the loan amount and resulting monthly mortgage payment that is being sought but the credit score is no problem. Happy to help anytime if you would like. When do you want to move in?

Cheers,

Glen S Erherington
NMLS#346658
Getherington@castlecooke.com
877-223-1448
0 votes Thank Flag Link Sun Apr 29, 2012
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