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can I get a VA mortgage with a nothing down if I have a 705 fico or do i need higher

by k3nanderson78423216 from Salt Lake City, Utah. Jun 16th 2014 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

Most lenders offering VA financing require a 620 or higher, but 660 or higher is preferred.. and if the credit score was the only thing VA looked at, you would be approved.. but it isn't.. credit, credit deficiencies, income, debt, etc.. all are considered when determining one's eligibility.. if you want to know for sure, you should contact a local mortgage broker and apply with them. Most do not charge a fee to get pre approved.. .. 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

Jun 16th 2014
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Clark Harvey (Clark@ClarkHarvey.com)
#47 ranked lender in Utah - 9 contributions

Yes you can providing you have full VA eligibility. I specialize in VA loans and have been doing them for over 16 years. You can contact me at 801-562-9100.Thanks Clark

Jun 16th 2014
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Brett Pehrson (brettpehrson)
#19 ranked lender in Utah - 228 contributions

There is no problem purchasing a home on a VA loan with nothing down. Your FICO is actually in a "sweet spot" for these loans and some lenders may offer you a small pricing incentive there. You'll need your Certificate of Eligibility to proceed; if, you need help getting that, I'm happy to help. Purchasing a home with "nothing out of pocket" is a different matter, though, and you'll need to make sure your purchase transaction is structured properly to keep your funds to close to a minimum. Give me a call and I'll walk through some scenarios with you. 801-918-9385 Brett Pehrson

Jun 16th 2014
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Daniela Anghel (dana@utloanofficer.com)
#87 ranked lender in Utah - 50 contributions

Ken, the only way you would be required to put money down on a VA loan is if: a) you've used part of your entitlement already and you don't have enough available for the loan amount you are requesting; b) you are looking to get a loan over the conventional loan limit, which is $417,000 in most counties, and $600,300 in Salt Lake City. VA loans are my favorite - you can find all the information you need on my website: http://utloanofficer.com/utah-va-loan/ Feel free to contact me at dana@utloanofficer.com, or by phone at (801) 473-3154 (available by text as well). My pricing is better than a lot of companies out there advertising to "specialize" in VA loans. It would be my pleasure to provide you with a quote, or answer any questions you have.

Jun 16th 2014
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Jason Hall (JasonHall)
#25 ranked lender in Utah - 79 contributions

That credit score is more than sufficient for VA, so supposing that your other items are in order, you should be fine to purchase a home using VA financing without a down payment. We should review all the details of your personal scenario and I would be happy to talk with you about that. Please give me a call or shoot me an email anytime - I am here in Salt Lake as well and have been doing loans for 17 years. I look forward to hearing from you and helping you out.

Jun 16th 2014
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Jamie Lynne (nationwidelenderforyou)
#139 ranked lender in Texas - 576 contributions

As long as you have full eligibility. I lend down to 530 credit score and offer 100% VA Loans, so as long as you meet the guidelines you should be able to get some of the best rates and terms. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

Jun 18th 2014
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John Schweer (johnschweer)
#9 ranked lender in Missouri - 163 contributions

not only can you get it with nothing down but you can have your purchase structured to not pay any closing costs as well...As a fellow veteran you can rest assured I have your best interests at heart. I'm sure you don't work banker's hours and neither do I, so call me at your earliest convenience on my direct line it 816-412-3568. or feel free to shoot me an email with any questions or a time we could talk. Im available from 7am until 10pm anyday of the week....Thank you for your time and consideration...John Schweer....US Veteran & VA Mortgage Expert

Jun 19th 2014
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