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.

Apply now!

Call us 888.958.5382


We recognize the importance to you of keeping your information secure and confidential. We will not sell or share your personal information.


We look forward to working with you.

How to Qualify for FHA Down Payment Assistance?

Apply Now

Call us 800-516-9166


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


We look forward to working with you.

Image 12

Apply Now!

Call 800.516.9166

Email Us!


100% Financing Available For Veterans!


Apply Now!

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

Apply Now!

Recent Articles

  1. FHA Down Payment Assistance 2023

    Jun 09, 23 12:47 PM

    FHA DOWN PAYMENT ASSISTANCE
    Navigate the path to homeownership with confidence. Discover the FHA down payment assistance program and grants available for first-time home buyers.

    Read More

  2. Credit Score Requirements for FHA 2023

    Jun 06, 23 09:18 AM

    FHA-LOAN-3
    Credit Score Requirements for FHA 2023. For individuals applying for an FHA loan, it's important to note that there is a minimum FICO score requirement of 500.

    Read More

  3. Best Mortgage Rates in New Jersey.

    Jun 01, 23 09:40 AM

    best mortgage rates
    Best Mortgage Rates in New Jersey. See if you qualify for the lowest mortgage rates available!

    Read More