VA Credit Score Requirement For a VA Loan


If you’re a veteran looking to buy a home, you’ve likely considered getting a VA home loan. The VA loan, for those veterans that are unaware, is a specialty loan program hosted by the Department of Veteran Affairs since 1944, and which gives veterans a loan option specific to them. The VA loan does not require a down payment and generally has lower rates than those of a conventional loan.

The VA credit score requirement for a VA loan can differ between lenders, but military service, or being the spouse of a member of the armed forces, is one of them. Credit score, however, can also play a part in getting a VA loan, though the requirements are generally less than those of a conventional loan. Read more below...


How Your Credit Score Can Affect Your VA Loan

The national average for a credit score is 699, with a cap of 850. This is between the lines of “fair,” which is 620, and “good,” which tends to be in the low 700s. FICO, the credit scoring company, is the one that keeps track of these scores.

Unfortunately, to get a conventional loan it is often necessary to have a credit score of 740, which is quite higher than the national average.

But the VA Loan program has aided more than 22 million veterans in getting a home since is institution, and that includes those with what can be termed as “bad credit.” For VA loans with Texas Veterans Home Loans, our VA credit score requirement is a minimum FICO credit score of at least 580, though there is no official minimum score required.

The requirements and score preferred tend to vary depending between VA lenders, and the national average credit score for a VA borrower tends to be around 709. This score, while higher than 600, is still much lower than the credit score a conventional loan would otherwise ask for.

Those veterans with what is called “bad credit” may still qualify for VA loans as long as they have the following in most cases:

  • No outstanding judgements against them.
  • Two years, seasoning, since bankruptcy or foreclosure declaring.
  • A stable form of income.

If these factors are met, then a veteran may apply and qualify for a VA loan in most cases. If you have questions regarding the VA credit score requirement and qualifications, and if you want to find out if you qualify for a VA loan, please feel free to contact us. We would love to assist.

Get Started Today With Your VA Loan Request!

If you would like to speak with a loan professional about the prequalification process, please call our toll-free number at 866-704-2826 or click on the button below and complete our quick-and-easy online form and a member of our staff will contact you right away to discuss your options.

We welcome the opportunity to assist you.