what is the lowest credit score for a VA Loan in Miami FL?

Asked by rangerplayer101, Cutler Bay, FL Tue Aug 28, 2012

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24
Brittany898, Home Buyer, San Francisco, CA
Fri May 8, 2015
A good credit score is an excellent starting point for anyone considering a VA loan. But what exactly is a good credit score? Does the VA have a credit score minimum? How do VA credit requirements stack up against other mortgage options? One of the best benefits of the VA loan program is its relaxed credit requirements.

Potential borrowers don’t have to possess blemish-free credit reports and elite credit scores to secure VA financing. The VA loan program seeks to accommodate as many military buyers as possible with a simple and accessible mortgage.


If your credit isn’t too hot, don’t worry. Veterans United’s Lighthouse program is designed to help you improve your credit score — no strings attached. Get started on your VA home loan application today.
Reference Link: http://vastreamlinemortgage.net/
2 votes
Invstnlfp, Home Buyer, New York, NY
Sat Oct 8, 2016
I am state and federally licensed to write purchase and refinance loans in 31 states for a top direct lender in the mortgage industry who offers FHA, VA, and USDA loans down to a 550 credit score. We keep your info private not broker it out and we go down to a 550 credit score for VA and FHA. Feel free to text me or call me anytime
Brian Young 214-797-3479
NMLS#902687
1 vote
George Dudley, Mortgage Broker Or Lender, Tampa, FL
Fri Jun 12, 2015
You can go as low as 580 with most lenders. there are a couple of Factors that would affect the minimum score. here is my contact 561-420-2816 give a call to discuss.
1 vote
My husbands Fico was 698 but with all the pulls that were approvals except one who denied us? His score is now 650 and mine was 740 mid now 712 mid score. What kind of rate can we get now? we were offered at first 3.25%. I noticed it has gone done to 2.75% been working on score and now not buying until August 2016?
Flag Thu Jun 16, 2016
I thought 620 was minimum Fico score had to have for VA??? JB
Flag Thu Jun 16, 2016
I thought 620 was the minimum score
Flag Thu Jun 16, 2016
Toni Miller, Home Buyer, Jacksonville, FL
Sat Jul 27, 2013
1 vote
Thomas Martin, Mortgage Broker Or Lender, Hollywood, FL
Fri Nov 25, 2016
We provide FHA loan approvals down to a 550 fico.
US Mortgage Lenders - Thomas Martin
FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
http://www.fhamortgageprograms.com/
0 votes
Thomas Martin, Mortgage Broker Or Lender, Hollywood, FL
Sun Nov 20, 2016
We can approve FHA loans down to 550 fico. Usually all past collections other than medical must show zero balance and must prove 12 months timely payment history.


US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
0 votes
Thomas Martin, Mortgage Broker Or Lender, Hollywood, FL
Sat Nov 19, 2016
We can go all the way down to a 550 fico. But most of the time you need a min 580 fico for VA loan approval in Florida. Either way we work with Florida Vets until we get them approved.http://www.florida-mortgage-lenders.com/va-mortgage-florida.html


Thomas Martin - US Mortgage Lenders – No Fee Mortgage Lenders.
Min FICO 580 FHA/VA Loan Approvals 7 days a week.
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
0 votes
Atxaviermar…, Other Pro, New York, NY
Sun Oct 30, 2016
In most cases, a credit score in the range of 580 to 680 would be good enough to secure a VA Loan. It all depends on the lender and certain other factors. I would recommend that you get the help of a professional VA Loan expert in your state for more information.
0 votes
Studio1215, Home Buyer, Buffalo, NY
Sat Oct 29, 2016
I am interested in buying a ho.e using my va .my credit is 560 and my finance I'd a little butter at 620 we 'need to find a lender who will be able to work with us
0 votes
Imlucymartin…, Home Buyer, Ocala, FL
Tue Jan 19, 2016
We provide VA loans in every city and county in Florida down to a 550!

http://www.florida-mortgage-lenders.com/va-mortgage-florida.html
0 votes
The Best Rea…, Agent, Sunrise, FL
Wed Jun 10, 2015
100% Financing!!!! BELOW IS THE BENEFITS AND QUALIFICATIONS FOR VA LOANS!!!

VA Mortgage Loans are available today for both honorably discharged Vets and active duty military personnel. Here are some of the great features of this fantastic program:


WHAT ARE THE BENEFITS?

- Up to 100% financing, with no down required.

- No monthly mortgage insurance added to your payment.

- More lenient credit qualifying standards than other types of mortgage loans.

- Low rates compared to other loan programs.

WHAT WILL YOU NEED TO BE APPROVED?

-Order your Certificate of Eligibility. A Florida VA loan lender can order your COE quickly for you, or you can go directly to the VA to obtain a copy. If discharged, you will need your DD214. The next step is to get pre-approved with an experienced VA lender.

-2 years tax returns

-Last 2 paycheck stubs

-Last two bank account statements

-600+ credit score (typically 640 is what most lenders look for)

-Same line of work for the past two years

-Money for closing costs


Please contact me and I will put you in touch with the best VA lender!!!
Andrew 954-394-7185 (prefer text first)
AndrewLtherealtor@gmail.com
0 votes
George Dudley, Mortgage Broker Or Lender, Tampa, FL
Mon May 11, 2015
580 however with a score that low there are typically lender overlays. If you need assistance we can speak offline


George Dudley
Branch Manager
Office: 813-257-9033 Ex.3202
Cell: 561-420-2816
NMLS ID: 324554
Email: gdudley@ahmcloans.com
Website: https://gdudley.ahmcloans.com
0 votes
SP Marshall, Other Pro, Dallas, TX
Tue Dec 10, 2013
I work for a legal consumer firm that helps to resolve f credit issues. Please give me a call to see if I may be able to help...that is if your actually looking to get the situation rectified.

Sergio Marshall
972-231-0452 ext 109 http://www.whitejacobs.com/sergio-marshall
0 votes
Daniel, , Baton Rouge, LA
Sat Jul 27, 2013
toni? what bank allows a VA loan at 580?????
0 votes
Steven Epste…, Agent, Coral Gables, FL
Thu Aug 30, 2012
We require a 640 credit score. If the score is below that, approval may still be possible by escalating the loan to a senior underwriter.

David Rosa
305-677-2083 Direct
877-300-5548 Fax
3340 & 3342 Virginia Street
Coconut Grove, FL 33133

The above from my best VA Loan Officer with Prospect Mtg. a Mortgage Bank/Direct Lender. If you need additional information and/or help please feel free to reach out to David or myself. Thank you, Steve E
0 votes
rangerplayer…, Home Buyer, Cutler Bay, FL
Wed Aug 29, 2012
once again thank you all for your great help and reply to my ?
0 votes
Thank You too. I hope you don't discourage your self. There will many obstacles, especially if your credit is the issues. But it is all worth it. I work with a nationwide bank; contact me to hep you with the process. Thank You,
Flag Wed Aug 29, 2012
marc jablon, Agent, Boca Raton, FL
Tue Aug 28, 2012
Because every lender has a different policy these days, you may want to call a mortgage broker who can give you the answers. Please talk to this broker, whom I have worked with and found very helpful. Preston@prestonware.com.

Marc Jablon, the Jablon Team
RE/MAX Complete Solutions
JablonTeam@gmail.com
561-213-6139
http://www.JablonTeam.com
0 votes
Beate Rodrig…, Mortgage Broker Or Lender, Sunrise, FL
Tue Aug 28, 2012
Please give me a call. I am here to help.

954.695.4849
0 votes
rangerplayer…, Home Buyer, Cutler Bay, FL
Tue Aug 28, 2012
Thank you so much guys no I don't know what my score is as of now but I really think its not good I'm going to work on it because I want a house soon as soon as its better I will contact you just trying to get help doing so
0 votes
Beate Rodrig…, Mortgage Broker Or Lender, Sunrise, FL
Tue Aug 28, 2012
Hello,

I could offer you a VA Loan with a min. credit score of 620.

Please feel free to contact me at your earliest convenience regarding a pre-approval and to guide you in the right direction to improve your credit score, if I may be of any service to you.

I offer great savings to our HEROS and also have info of a grant up to $ 5,000.

Best Regards,
Beate Rodriguez
Lic. Loan Originator
NMLS# 299 244

1931 NW 150 Ave - Suite 103 C
Pembroke Pines, Fl. 33028

Beate.Rodriguez@HGFLoans.com
Cell: 954.695.4849
0 votes
rangerplayer…, Home Buyer, Cutler Bay, FL
Tue Aug 28, 2012
Thank you both I will be looking for a broker as soon as I get my score up I already have the certifacte of approvel from the VA
0 votes
rangerplayer…, Home Buyer, Cutler Bay, FL
Tue Aug 28, 2012
Yes I'm looking for a home for me and my family I'm working on getting my score up
0 votes
MARCO HUAMAN, Mortgage Broker Or Lender, Coral Gables, FL
Tue Aug 28, 2012
The good thing thou is that you will not require downpayment, and you could eventually request for lender paid closing costs, besides a seller's contribution. I had a client of mine, walking with money out at the closing. What are you looking for? A Single Family or Condo? Would this be your primary residence?
0 votes
MARCO HUAMAN, Mortgage Broker Or Lender, Coral Gables, FL
Tue Aug 28, 2012
Effectively. While VA doesn't require a minium credit scores, most lenders require at least 620, and 600 with compensting factors.
0 votes
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