While a VA loan does not have a minimum credit score, most lenders have instituted their own minimum requirements. Not to mention that credit score was never really as important as the information contained on your credit report ie. your credit profile.Now my guess is there is a reason your scores are in the 500's. And those reasons might normally lead to a denial anyway.Obtain your credit report, work on fixing the things that are wrong with it, then give it another try. Lenders are being very conservative these days so it pays to have your financial affairs in order

A VA loans are definitely worth a try but as the writer below stated, while VA does have a min. score requirement they do consider what's on the credit report. Everyone, especially in this economy, has had a bump and a bruise on their credit. Depending on what happened, you may be able to provide an explanation and receive a reprieve. Credit is only part of the equation of qualifying for a loan. We also look at your assets - money down, rental history and employment history. I would be glad to review your report and discuss your options. I don't do credit repair, I offer credit counseling. I don't charge a fee but I will prepare a comprehensive analysis along with plan of action to get you into your first home as soon as possible. Hope this helps, Jacqueline Clarke

First how much are you looking to put as a down payment and also with those scores not an issue can go down to 560

send me over your info and let me take a look at it trumpfinancial@yahoo.com

Hi JGarro12,FHA DU (destop underwriting) make give an accept, if you put a decent amount down payment. VA may take it depending. Usually, they like to see mid score of 600. You're close. If you want to contact me, here's my web-site http://www.best-fha-loan.com/