What’s the minimum credit score for a VA loan? скачать в хорошем качестве

What’s the minimum credit score for a VA loan?

One of the biggest myths about VA home loans is that you need a high credit score to qualify. Here’s the truth: the VA does NOT have a minimum credit score requirement. In this video, I explain how VA loan credit requirements really work, why you’ll see different credit score numbers online, and what both the VA and lenders actually look for when approving a VA home loan. My name is Aaron DeHart, and I’ve been a mortgage lender since 2003. Over the past 23+ years, my team and I have helped 4,400+ families buy homes or save money through strategic refinances — with a large focus on VA home loans. In this video, you’ll learn: ✔ Does the VA require a minimum credit score? ✔ Why lenders have different credit score requirements (overlays) ✔ What happens if your credit score is below 600 ✔ What a VA manual underwrite really means ✔ How alternative credit (no credit score) works with VA loans ✔ Using utility bills, cell phone bills, and insurance as credit ✔ Authorized user strategies (and what to watch out for) ✔ How documentation can make or break approval ✔ Why preparation is everything for lower credit scores ✔ How to get a VA loan approved before shopping for a home The VA loan is one of the most flexible home loan programs available to veterans and active-duty service members — if you work with a lender who truly understands VA guidelines and manual underwriting. 00:00 VA Loans & Minimum Credit Score Explained 00:20 Who I Am & Why This Matters 00:50 Does the VA Have a Minimum Credit Score? 01:09 Why You See Different Credit Scores Online 01:35 Lender Credit Score Overlays Explained 01:59 What Happens Below a 600 Credit Score 02:06 Automated vs Manual Underwriting 03:05 VA Manual Underwrites Explained 03:31 Why Some Lenders Avoid Manual Underwrites 03:42 VA Sets No Minimum Credit Score 04:03 Lenders That Go Below 620 04:26 Getting Approved With Very Low Credit Scores 04:33 VA Loans With No Credit Score 04:39 Alternative Trade Lines Explained 05:21 Building Credit With Reported Trade Lines 05:50 Authorized User Strategy (Pros & Cons) 06:45 Preparing Early for VA Approval 07:11 Credit Score vs Approval Odds 07:26 Importance of Documentation 07:52 Pre-Underwriting Before Home Shopping 08:34 Bottom Line: VA Credit Score Truth 09:01 Paying Bills On Time Matters Most 09:26 Organizing Your Home Buying Documents 10:00 Final Thoughts & How to Reach Me