Has anyone used VA loan with bad credit? If so, what lenders?

CPL Sheila Polanco — Wed, 22 Jan 2020 21:00:20 -0500

Response by PFC Luis Negron made Jan 22 at 2020 9:03 PM

PFC Luis Negron — Wed, 22 Jan 2020 21:03:36 -0500

You have to have a score of 600 points in order to successfully qualify for a VA Loan

Response by Christina Hoover made Jan 22 at 2020 9:08 PM

Christina Hoover — Wed, 22 Jan 2020 21:08:35 -0500

Most I’ve spoken to want at least 580 and above even though the program doesn’t have a score requirement, lenders do.

Response by Sgt Chris Cornejo made Jan 22 at 2020 9:19 PM

Sgt Chris Cornejo — Wed, 22 Jan 2020 21:19:34 -0500

I have used my VA loan benefit 4 times. I had a foreclosure on one of the loans. I recommend going with a lender who specializes in VA loans only. They know the ins and outs of everything needed to qualify. They offer more consideration towards vets. Good Luck!!!

Response by SSgt John Wise made Jan 22 at 2020 9:34 PM

SSgt John Wise — Wed, 22 Jan 2020 21:34:08 -0500

I have a contact who happens to be the VP of lending and I send all veterans to her. I even used her and what I like about her she starts with you and closes with you. No middle man, no sending you to others, and I still send many to her.

Response by AA Charles Dudley made Jan 23 at 2020 1:05 AM

AA Charles Dudley — Thu, 23 Jan 2020 01:05:38 -0500

I had a letter for $45,000 to go buy a home. Asked if my wife could be on loan too..they said her score was to low. Now they have taken away my qualify letter and my credit is even better. Don't make no sense.

Response by SPC Jill Comer made Jan 23 at 2020 1:48 AM

SPC Jill Comer — Thu, 23 Jan 2020 01:48:04 -0500

I want to remodel our home. Mortgage is paid off. We live off grid in small cabin. It is our primary residence. Credit is not great. Can I use my VA home loan to remodel my husband's cabin?

Response by Sgt Evan Vanover made Jan 23 at 2020 8:18 AM

Sgt Evan Vanover — Thu, 23 Jan 2020 08:18:30 -0500

I am a loan officer. I know of 1 place that will go below 580 if you would like that information I would be happy to provide you with a contact. If you are close to 580 it may be more beneficial to run some simulations and get your score up.

Response by Sgt John Hicks made Jan 23 at 2020 3:17 PM

Sgt John Hicks — Thu, 23 Jan 2020 15:17:16 -0500

Good question. I'm looking for the same answer. If you get a response please share it with me.

Response by PVT Melvin Hopkins made Jan 23 at 2020 9:54 PM

PVT Melvin Hopkins — Thu, 23 Jan 2020 21:54:23 -0500

I NEED A LEANDER WHO WILL HELP ME WITH A VA FIRST TIME LOAN I DON'T KNOW ANYTHING MY SCORE IS 606 I ONLY NEED 30,000 TO 40,000 IN THE AREA I WANT.