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:
Veteran's are eligible for a VA loan with no credit score but have collection accounts on credit report:
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 Florida
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.
Call us 888.958.5382
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100% Financing Available For Veterans!
VA Home Loan
VA Home Loan
The VA requires a minimum credit score of 500
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