Buying a home is stressful enough, let alone trying to find a mortgage lender you can trust.  

After reading this article you will know more about the amazing Wendy Thompson Lending Team and their track record for unparalleled expertise in the loan industry. 

We also will explain how they will get you the best VA Loan Rates for 600 to 630 credit score 

We will review the Best VA Loan Rates by Credit Scores of 600, 605, 610, 615, 620, 625 and 630; along with discussing practical tips on how to increase your credit score quickly and how this can greatly benefit your pocket book.

Best VA Loan Rates for 600 to 630 Credit Score Plus Approval Tips

Best VA Loan Rates for 600 To 609 Credit Score 

While the Veterans Affairs office does not require a high credit score to qualify for a VA mortgage, generally, a lower credit score like 600, 605 or even 609, will not give you very many options.  

This doesn’t mean you will not be approved, it just means that your loan lender will look at additional factors.  

Such as, important lending indicators like your debt to income ratio. 

People with credit scores in the 600, 605 to 609 range statistically are more likely to default on their mortgage.  

One tool the lenders use is how much money you earn compared to how much money you spend on a monthly basis.  

VA home loans tend to have a higher debt to income ratio, usually, close to the 40% margin.  

This means that your monthly mortgage costs no more than 40% of your monthly take home income. 

Casey Lown
Mortgage Advisor

"Even down to a 580 FICO score, I will always present any financing opportunity that can be immediately available to the Veteran.  However, I also like to educate them about how their financing opportunities can expand and terms improve when their credit scores improve to 620, 640, 660 and so forth.  I encourage them to make certain adjustments to their credit card balances or other financial tweaks that could provide quick improvements to their credit score."

Best VA Loan Rates for 610 To 619 Credit Score 

VA loan interest rates for a credit score of 610, 615 to 619 will normally have a higher APR rate than higher credit scores.  

The APR rate, or, Annual Percentage Rate, is the amount of interest you will pay over the life of your loan.  

Credit scores in the 610 range will qualify for VA loans with higher APR’s.  

This is important because just a 0.50% higher APR will result in you paying tens of thousands of dollars more for your mortgage.  

Later in this article we will discuss how you can quickly increase your credit score and hopefully obtain a lower APR rate for your new mortgage. 

Military Can Achieve The Dream of Home Ownership with VA Loan

Best VA Loan Rates for 620 TO 629 Credit Score 

One positive about qualifying for a VA Loan is that there is no down payment required.  

Even if you have a credit score of 620, 625 to 629, so long as you are active military, a veteran or a reservist, you should qualify for a VA mortgage.  

This is something that you will want to discuss with the Wendy Thompson Lending Team as they will be able to explain all the benefits of obtaining a VA home loan. 

Best VA Loan Rates for 630 TO 639 Credit Score 

If you have a credit score in the 630, 635 to 639 range, there are probably a few factors that are affecting your credit score. 

  • Late Mortgage Payments 
  • No Credit History 
  • Chapter 7 Bankruptcy 
  • Chapter 13 Bankruptcy 
  • Collections and Federal Debts 
  • Foreclosure 

Knowing these factors can affect your credit score now should help you make sounder decisions with your finances moving forward. 

Six Steps To Quickly Increase Your Credit Score

Whether you have a credit score of 600, 605, 610, 615, 620 625, 630 or 635, you can still quickly increase your credit score so your lender can get you approved for a home loan and possibly a better interest rate.  

The following six steps can be taken to help increase your credit score: 

  • Check your credit reports – you can get a free copy of the three credit reporting agencies at 
  • Dispute any inaccurate information in your credit report 
  • Payoff delinquent accounts 
  • Push down reported delinquencies with timely payments 
  • Reduce your debt to income ratio 
  • Don’t incur any new debt 

Following these simple six steps can help to increase your credit score significantly.  

Be sure to discuss your situation openly and honestly with the Wendy Thompson Lending Team because they will be able to help you prioritize what will have the biggest positive impact on your credit score.  

Take Action! 

If you’re a current or retired military member looking to buy a home and choose to take advantage of the VA Loan program, you may be wondering the best mortgage company to go with. 

Be very careful here as any mortgage company can offer a VA loan, but few of them specialize in VA loans, and there are a lot of ways lenders can screw up your dream of owning a home. 

The Wendy Thompson Lending Team is one of the top ranked VA Loan and Mortgage specialist working with active military and veterans in all of the 50 States. 

Unique only to the Wendy Thompson Lending Team is our:

The Tactical VA Loan Blueprint

Deciding on the right VA lender is the most important decision you will make. Choosing the wrong lender can result in you losing your dream home or costing you hundreds of thousands of dollars in more interest over the life of your mortgage.  

Don’t make that mistake, contact the Wendy Thompson Lending Team today!  

You can start the process by clicking the yellow 'See if I'm Eligible' button on the right side bar under the 'Start your quote for VA Home Loan'  or call Wendy’s Team directly at (901) 250-2294, to get started on living the American Dream in the home of your Dreams!