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are there income and credit requirements for me to take out my va benefits, no down payment?

by wildixon672 from Wichita, Kansas. Jul 2nd 2019 Reply

Korwin Wall (Korwin Wall)
#2 ranked lender in Kansas - 33 contributions

Yes you must qualify both from credit and income for the VA loan. Its a great loan and if you want to see what you qualify for feel free to give me a call or email. 785-273-5004 or

Jul 3rd 2019
John Burke (jburke)
#29 ranked lender in Texas - 208 contributions

Hi Wildixon6782,VA does not have a minimum credit score requirement so it's up to individual lenders. Some lenders, like me, will go below a 580 (case by case) & others will only go down to a 620 score.Income is a little more difficult. The basic VA guidelines say if your debt to income ratio is over 41% then you need to exceed the VA minimum residual income requirement by 20%. I've had Veteran get approved with debt ratios as high as 74% but that is rare.| John Burke | Senior Mortgage Banker | Lending in ALL 50 states |Great Plains Bank | | (877)228-9069 | NMLS# 787231 |

Jul 15th 2019
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