VA loan no credit score


VA loan no credit score

VA loans involve a veteran’s benefit.  Therefore, lenders are encouraged to make VA loans to all qualified veterans who apply.

No credit history

For applicants with no established credit history, base the determination on the applicant’s payment record on utilities, rent, automobile insurance or other expenses that applicant has paid.

Absence of a credit history is not generally considered an adverse factor.  It may result when recently discharged veterans have not yet developed a credit history. Applicants have routinely used cash rather than credit. Applicants have not used credit since some disruptive credit event such as bankruptcy or consumer counseling.

Veteran's are eligible for a VA loan with no credit score if they meet the following requirements:

  1. No credit score
  2. Maximum qualifying debt-to-income ratios 43/43
  3. No collection accounts
  4. Three payment record on utilities, rent, automobile insurance or other expenses for the last 12months

Veteran's are eligible for a VA loan with no credit score but have collection accounts on credit report:

  1. No credit score
  2. Maximum qualifying debt-to-income ratios 31/43
  3. Three months reserves
  4. All collections must be paid at or prior to closing
  5. Three payment record on utilities, rent, automobile insurance or other expenses for the last 12 months

Maximum loan size is $417,000.00 and the maximum loan-to-value is 100%. Eligible properties are single family detached, manufactured double-wide, condo or modular.

VA loan no credit score

Mortgage World Home Loans is an online mortgage company specializing in VA loans. To buy a house with zero down payment and a minimum credit score of 500 or no credit score using a VA loan.

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Call us 888.958.5382


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100% Financing Available For Veterans!


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VA Home Loan

  • No money down 100% financing
  • 500 minimum qualifying credit score
  • No credit scores are allowed
  • Owner Occupied Properties only
  • Lowest representative score from all borrowers will be used for qualification purposes

VA Home Loan

The VA requires a minimum credit score of 500

  • Purchase
  • Refinance
  • IRRRL Streamline

VA minimum

credit score 500

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888-958-5382

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