VA Purchase

VA purchase


VA requires a minimum credit score 500.

100% financing available for Veterans! The basic intention of the VA direct home loan program is to supply home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment.

VA allows a borrower with a minimum credit score of 500 to buy a home with no money down. VA guidelines allows a borrower with a minimum credit score of 500 to buy a home using their own funds for closing cost or the closing costs funds can be a gift from a family member.

VA loan guidelines allows a home buyer with a minimum credit score of 500 up to a 4% seller's concession. The seller's concession must be written into the sales contract.

VA requires a minimum credit score of 500 for all loans. Home buyers with a credit score below 580 are not required to make a down payment. VA allows you be buy a house with a credit score of 500.

The maximum VA guarantee varies by county. As of 1 January 2014, the maximum loan amount with no down payment is $625,500, although this amount may rise to as much as $1,094,625 in certain specified high-cost counties.

VA purchase also allows the seller to pay all of the veteran's closing costs as long as the costs do not exceed 4% of the sales price of the home.

By law, VA may only guarantee a loan when it is possible to determine that the veteran:

  • is a satisfactory credit risk
  • has present and anticipated income that bears a proper relation to the contemplated terms of repayment
  • verify a minimum of 2 years employment
  • Pay stubs covering at least the most recent 30-day period
  • W-2 forms for the previous 2 years
  • Telephone verification of the applicant’s current employment

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www.MORTGAGE-WORLD.com LLC is an online mortgage company specializing in FHA loans for first time home buyers.


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100% Financing Available For Veterans!


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Call 888.958.5382

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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


Call Now, Our Staff is Available

888-958-5382

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