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VA mortgage lender. Bankrate Score. Minimum credit score. Minimum down payment. USAA Mortgage. 4.8/5. 640 for VA loans. 0% for VA loans. Veterans United Home Loans
But don’t assume the lender is giving you a free pass. ... However, lenders can and do set their own underwriting requirements, and many want to see a credit score for VA loans of 620 or higher.
The VA doesn’t set a credit score minimum for borrowers, but some VA lenders might. Generally, this is around 620, the same as a conventional loan — though many may allow for lower scores.
You can find this information on the VA website. Credit score: While the government sets no minimum credit score for getting a VA loan, the individual lender, which actually approves the mortgage ...
By comparison, a VA loan can be had for no money down. Credit score for FHA vs. VA loans. The VA doesn’t have minimum credit score criteria. Many VA lenders, though, like to see a credit score ...
For 2024, the limit in most counties is $766,550. In more expensive areas, that limit can go up to $1,149,825. Lastly, you can only use a VA loan with a primary residence; investment properties ...
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