Forgotten Your Password?

Need to Register?

Question Icon

can i get a Va home loan with middle credlt and 3 years out of military?

i'm married perhaps we could qualify for better Va rate with wifes fico of 729, but she is not Va eligible so i wasnt sure by nassemajahan75676 from Carthage, Texas. Oct 9th 2014 Reply


Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

What is your middle score?

Oct 9th 2014
1
0
William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

Loans are priced based on the Mid Score of ALL borrowers... But not to fear.. VA and FHA has minor pricing adjustments for low credit scores.. unlike conventional financing where the rate could be considerable higher.. not the case with VA.. If you qualify now even with your low score, your far better off purchasing now. If you wait for your score to improve and it takes a year or two for this to happen, but meanwhile, the property values increase and interest rates go higher, any improvement that you might have been able to capitalize on with the better scores is eaten up by the market changes. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Oct 9th 2014
1
0
Dave Metsker (DaveMetsker)
#38 ranked lender in Oregon - 2,317 contributions

Your score, if lower, will determine what loan terms are available.

Oct 9th 2014
0
0
John Burke (jburke)
#1 ranked lender in Texas - 183 contributions

Hi Nassemajahan, Thank you for your service. It depends on your middle score and you debt to income ratios. I can do VA loans down to a 600 score so as long as your mid score is at least 600 we're off to a good start. | Please feel free to contact me for more information or help. | John Burke | Senior Mortgage Banker | Great Plains National Bank http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states

Oct 14th 2014
0
0
Subscribe to our news feed.