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could i go zero down for VA with a 620 credit score?>

by nofrills.flora870... from Brookfield, Wisconsin. Feb 25th 2014 Reply


SEAN WRIGHT (LANDMARKMORT)
#6 ranked lender in Wisconsin - 38 contributions

Sure can! As long as you qualify, most lenders are OK with a 620 score.If I can help get you a pre-approval please use the link to the left, and call, or apply online.

Feb 25th 2014
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Chereen Taylor (ChereenRenovationReverseandeverythingelse)
#34 ranked lender in Wisconsin - 8 contributions

Yes you can.

Feb 25th 2014
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Aiman Abozeid (aabozeid@inlanta.com)
#46 ranked lender in Wisconsin - 12 contributions

Yes you can, Inlanta Mortgage 608 662 0860 ask for Aiman Nmls#237450

Feb 25th 2014
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Chris Samples (csamples)
#144 ranked lender in Texas - 82 contributions

Hello. Yes, we offer 100% VA financing with a 620 middle credit score. Please contact me at your convenience to discuss your situation and this program in more detail. I look forward to hearing from you!Chris Samples | Senior Mortgage Banker | PrimeLending, A PlainsCapital Company | (512) 541.3806 office | (512) 919.2401 mobile |(866) 774.5002 fax |csamples@primelending.com | www.chrissamples.com

Feb 25th 2014
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Michael Creed (MichaelCreed)
#20 ranked lender in Wisconsin - 16 contributions

Absolutely! Give me a ring at 262-293-5144 to discuss it further. http://www.CloseWithMichael.com

Feb 25th 2014
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Joe Becker (JoeBecker)
#60 ranked lender in Minnesota - 54 contributions

Yes. Call me any time today to discuss your options. Toll Free - 866-680-2840 ext. 15jbecker@progressivels.com

Feb 25th 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,727 contributions

So, as you can see the SHORT ANSWER is yes... but here's what your up against.. First of all, my question would be how did you come up with your score.. Lenders look at all 3 credit bureaus and take the MID score.. not the highest.. and they have to use the score from their credit report, not yours.. If you obtained your score from a mortgage company, then it's probably accurate.. however if you got it from one of the "Free Credit Report" websites, then your score could be much different.. when you apply for a mortgage, your score reflects the likelihood of you defaulting on a mortgage.. when you apply for a car loan, your credit score is based on the likelihood of you defaulting on a car loan, and the score could be much different.. but when you get your score from a Free Score website.. the scoring method is very different and can produce very inaccurate credit scores.. Also, it takes much more than a credit score to obtain financing.. income, income type (commissions, 1099, self employed, etc.. ) credit, derogatory credit, debt, and debt to income ratios, etc.. so it's your complete profile that's examined in determining one's eligibility, not just the credit score.. if you want to know for sure, then the best advice I can give you would be to contact a LOCAL mortgage broker and apply with them. Most will do a "No cost pre approval" so you have nothing to lose. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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

Feb 25th 2014
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Jeanette Salamon (Jeanette)
#66 ranked lender in Virginia - 32 contributions

I can go down to a 600 Middle credit score on VA with no down payment up to $458,850 purchase price in some cases. Call me today and we can get started on some options for you!

Apr 3rd 2014
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John Schweer (johnschweer)
#9 ranked lender in Missouri - 158 contributions

first off thank you for your service, secondly yes you can... I am a fellow veteran and have specialized in VA lending for the last 15 years id be happy to help you navigate the VA lending process separating fact from fiction, realizing the American dream, let me know if I can be of further assitance

Apr 10th 2014
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Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 597 contributions

Yes the VA does not tier the down payment based on credit scores.

Feb 25th 2014
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

Yes.

Feb 25th 2014
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Nikitas Kouimanis (MrMortgage)
#9 ranked lender in New York - 101 contributions

all day. NMLS # 9659 Direct 516 469 6262

Feb 25th 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,224 contributions

yes, assuming all the other details of your application are acceptable as well.

Feb 25th 2014
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#137 ranked lender in Florida - 637 contributions

Absolutely and on lower scores than 620, now keep in mind you will have to qualify based on your total credit profile not just score

Feb 26th 2014
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Yes. For sure. Www.firstfloridafin.com 954 558 4430

Feb 26th 2014
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Robert Hanson (rhanson)
#39 ranked lender in Maryland - 638 contributions

Absolutely! For many lenders 620 is the minimum score for VA. Others of us go down as low as 580. Make sure you use an experienced VA lender who knows how to navigate the process for you smoothly to avoid any surprises at the end! I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Mar 18th 2014
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David Drakeford (david_drakeford)
#0 ranked lender in California - 63 contributions

Absolutely! www.omnirates.com

Mar 18th 2014
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Marlon Mitchell (mmitchell)
#6 ranked lender in Missouri - 49 contributions

Yes I would be happy to assist you with that. Please feel free to give me a call at 1-855-808-Loan(5626)

Mar 20th 2014
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Stacey Nielsen (Unitywestlending)
#875 ranked lender in California - 123 contributions

Yes you can. Have you considered the Cal-FUNDS Home Purchase Loan for Government workers? https://www.cal-funds.com

Apr 4th 2014
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Mike Silkworth (msilkw_195_870)
#31 ranked lender in Michigan - 517 contributions

Yes, 620 is an allowed score for a VA zero down loan.

Apr 5th 2014
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Sharon Duffy (sduffy)
#71 ranked lender in Pennsylvania - 595 contributions

Yes! Absolutely

Apr 11th 2014
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Shaun Weeks (sweeks)
#864 ranked lender in California - 98 contributions

Yes you can and brokers and LO's I go down to 600 for VA.

May 7th 2014
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Amber Bushnell (amber1970)
#56 ranked lender in Pennsylvania - 8 contributions

All day long. 724-791-3100

May 27th 2014
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Seth Jacobs (MaineMortgageBanker)
#6 ranked lender in Maine - 112 contributions

absolutely! Call 3 lender's and shop. :-)

Jun 2nd 2014
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Michael Marroquin (vegaslender)
#44 ranked lender in Nevada - 2 contributions

Your 620 credit score alone would not prevent you from qualifying for a VA loan. You may view some general VA loan info here: http://vegaslender.net/mortgage-info/va-home-loans/

Jun 7th 2014
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Nathan Kessler (nathan.kessler@guaranteedrate.com)
#45 ranked lender in Nevada - 69 contributions

Without question. Call me today and I will be more than happy to assist you. Nathan Kessler 702-522-6745 City First Mortgage Services

Jun 16th 2014
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Rob Ballance (robbieballance@eaglehm.com)
#69 ranked lender in North Carolina - 19 contributions

Absolutely...Eagle Home Mortgage 919-594-6905

Jun 18th 2014
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Yvonne Lutz (YvonneLutz)
#122 ranked lender in New York - 11 contributions

Yes you can with some companies. Also, you may be exempt from the loan guarantee fee if your Certificate of Eligibility indicates this. Good luck.

Jul 7th 2014
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MIKE CONVIN (mconvin)
#6 ranked lender in Delaware - 202 contributions

hi there:We are a bank lending nationwide and require a middle score of 600 for FHA or VA loans. We do not have any BANK guidelines/overlays but follow VA guidelines for underwriting criteria for these programs. We can assist with closing costs if needed. Let us know how we me earn your business. Any questions, please contact. Mike (703) 505 5300

Jul 29th 2014
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Joshua Lerette (FloridaFHAVALender)
#213 ranked lender in Florida - 42 contributions

In fact Carrington Mortgage Services go down to 550 FICO scores with a VA loan at 100% financing so your score should not hold you back on financing.

Aug 25th 2014
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Melissa Stutes (MelissaStutes)
#28 ranked lender in Hawaii - 94 contributions

Yes, if you are income and credit qualified. You will also need your Certificate of Eligibility to show your entitlement amount in order to come in with a zero down payment. Most lenders/brokers can order this for you.

Sep 6th 2014
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CLYDE PENTON (GAlenderforheroes)
#91 ranked lender in Georgia - 27 contributions

The ability to get a VA loan with no down payment is going to depend on your eligibility/county loan limit(s). You can either request your COE yourself or provide a small amount of information to your lender, and they can request it for you online. You can check the VA loan limits at http://www.benefits.va.gov/homeloans/documents/docs/2014_county_loan_limits.pdf You are able to get a home with zero down if you buy a home within the county limits and have full available eligibility. You should absolutely work with a lender that is qualified to handle VA loans. I would happy be happy to answer any additional questions. Clyde Penton NMLS#979755 404.604.7013

Sep 24th 2014
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Mike Johnson (MikePJohnson)
#957 ranked lender in California - 7 contributions

You can and my company goes down to a 550 FICO on VA loans, but there could be certain things on your credit profile that might disqualify you. It's important to check your credit and have a mortgage professional review the report for any potential issues. My company specializes in VA loans with low FICO scores and I would appreciate the opportunity to earn your business. Please click my profile to get in touch with me at your earliest convenience and we can spend a few short minutes on the phone together to see what are your options. Thank you!

Oct 1st 2014
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Stephen Josleyn (SteveJosleyn)
#10 ranked lender in Tennessee - 2 contributions

The minimum middle credit score for VA is 600 as of last month. So the answer is yes.

Nov 12th 2014
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Carl Self (caself)
#98 ranked lender in Washington - 25 contributions

Yes you can for sure.

Nov 25th 2014
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Chris Neuswanger (mtnmortgageguy)
#94 ranked lender in Colorado - 83 contributions

My only question is where did you get your score from? There are dozens of credit scoring programs out there and many are set up for evaluating credit risk for credit cards or other consumer loans. Lenders us a uniform standard for mortgage lending called FICO scoring (which is from the Fair Isaac CO) to establish eligibility. You might find your score far different once you get it from a mortgage lender. We also go off of the mid score of three bureaus, which can vary hugely depending on what credit items show on each of the three bureaus (they are seldom identical. But if 620 is your score, then you should be able to get a VA loan assuming you qualify income wise. If you are in Colorado call me at 970-748-0342 to discuss further.

Dec 19th 2014
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Mandy Fritsche (mortgage.mandy)
#35 ranked lender in Wisconsin - 20 contributions

We are able to consider financing a home down to a 580 middle credit score. Please contact me if you would like to discuss your situation further. Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211I am able to originate in WI262-327-5700 Cell, 877-868-9198 Fax, mandy.fritsche@prospectmtg.comwww.MyProspectMortgage.com/mfritsche

Jan 13th 2015
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Christina Hayes (CreditRepairExpert)
#8 ranked lender in Tennessee - 68 contributions

Yes you can. Good Luck.

Feb 20th 2015
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Ron Pippin (RonPippin)
#27 ranked lender in Utah - 156 contributions

Yes. www.VaLoansFast.com has many answers to VA questions.

Apr 7th 2015
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Drew Hernandez (DrewHernandez)
#968 ranked lender in California - 24 contributions

Of course! Call me, 949-558-9929

May 1st 2015
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Jesse Stroup (jessestroup)
#187 ranked lender in California - 589 contributions

The VA loan program offers a 100% financing loan. Each mortgage lender may require a different minute credit score, call around to make sure. Jesse Stroup Mortgage Professional | Mortgage ManTwitter: @jessestroup

May 22nd 2015
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Michael Harris (United)
#700 ranked lender in California - 15 contributions

If you are looking in CA or WA we can assist with a 620 score. United Mortgage Corporation of America at 800 230 0168 or my direct at 805 530 1199

Jun 12th 2015
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Charlie Sparks (CharlieSparks)
#9 ranked lender in New Mexico - 393 contributions

A 620 mid score would not be a problem for a zero down VA mortgage. Contact one of the local lenders who have responded for help. Good luck!

Feb 3rd 2016
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Kay Cleland (kay@kcmortgagecolorado.com)
#32 ranked lender in Colorado - 210 contributions

Yes you can do a VA loan with 0 down

Feb 29th 2016
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Phil Georgiades (phil@fedhomeloan.org)
#962 ranked lender in California - 16 contributions

Yes - but it depends on the loan amount. Each county has a set $0 down loan limit. The loan limits are subject to change every year.

Mar 4th 2016
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Tracey Bartlette (traceybartlette)
#46 ranked lender in South Carolina - 5 contributions

Yes you can qualify for a VA loan with a 620.

Apr 13th 2016
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Randy Free (rfree@opesadvisors.com)
#20 ranked lender in Oregon - 44 contributions

Yes, with our company as well as most other lenders who do VA loans, you can go down to a 620 credit score and with zero down.

Jun 14th 2016
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Kenneth Dunn (ken@ameripromtg.com)
#34 ranked lender in Idaho - 2 contributions

Yes you can- we go to 580 FICO lets talk

Jul 8th 2016
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