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VA Loan Credit Score Requirements

​Even though VA loan eligibility is more lenient than other mortgage programs, your credit score is still a big deal.How do I know?Because one of the most common questions we get is:What’s the minimum credit score required for a VA loan? But here’s some good news: Meeting the credit score requirements is easier than you might think. ​Here’s what you need to know about how your credit history can affect your VA loan, and what to do if you’ve had a bankruptcy or foreclosure. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = [...]

2020-06-17T16:16:30+00:00By |VA|Comments Off on VA Loan Credit Score Requirements

How To Obtain Your VA Loan Certificate of Eligibility (COE)

*Please note that effective April 3, 2020, we are no longer able to accept loans from applicants with a credit score below 640.  Please visit our friends at My Credit Guy for help improving your credit score. Buying a house is both exciting and frustrating. Figuring out the VA loan requirements is key to sailing through the lending process and getting into your new home. How can you do it? Well, it isn’t magic. All VA lenders have the same rules for VA loan eligibility. Here at the Wendy Thompson Lending Team, we love VA loans because they’re designed to help [...]

2020-06-11T21:04:44+00:00By |VA|Comments Off on How To Obtain Your VA Loan Certificate of Eligibility (COE)

VA Loan Requirements: Income, Credit, & Documents to Qualify

*Please note that effective April 3, 2020, we are no longer able to accept loans from applicants with a credit score below 640.  Please visit our friends at My Credit Guy for help improving your credit score. Buying a house is both exciting and frustrating. Figuring out the VA loan requirements is key to sailing through the lending process and getting into your new home. How can you do it? Well, it isn’t magic. All VA lenders have the same rules for VA loan eligibility. Here at the Wendy Thompson Lending Team, we love VA loans because they’re designed to help [...]

2020-05-10T09:59:48+00:00By |VA|Comments Off on VA Loan Requirements: Income, Credit, & Documents to Qualify

5 Best VA Mortgage Calculators: Navy Federal, USAA & More

*Please note that effective April 3, 2020, we are no longer able to accept loans from applicants with a credit score below 640.  Please visit our friends at My Credit Guy for help improving your credit score. If you’re shopping for a VA mortgage, you’re probably asking yourself the same question again and again. How much can I borrow? Well, you’re in luck. A VA mortgage calculator can help you figure out how much house you can afford. There’s just one catch. A VA loan calculator doesn’t tell the whole story. Though VA mortgages are backed by the US Department of [...]

2020-05-06T21:05:32+00:00By |VA|Comments Off on 5 Best VA Mortgage Calculators: Navy Federal, USAA & More

How Much is the VA Funding Fee and Do You Have to Pay It?

*Please note that effective April 3, 2020, we are no longer able to accept loans from applicants with a credit score below 640.  Please visit our friends at My Credit Guy for help improving your credit score. A VA loan is an excellent option to buy a home. It lets you get into a house without making a down payment. There’s one catch. Most borrowers who take out a VA loan must pay a VA funding fee. So now you’re wondering: How much is it and do I have to pay? There’s good news: The fee is a one-time cost. But [...]

2020-05-06T21:05:09+00:00By |VA|Comments Off on How Much is the VA Funding Fee and Do You Have to Pay It?

Current VA Mortgage Rates: Best 30 Year Fixed Interest Rates

*Please note that effective April 3, 2020, we are no longer able to accept loans from applicants with a credit score below 640.  Please visit our friends at My Credit Guy for help improving your credit score.Buying a home can be an overwhelming experience. There’s so much to do!One thing you can check off your list is worrying about current VA mortgage rates.The Wendy Thompson Lending Team has your back!Some lenders lure you in with the promise of better VA loan rates and pull the rug out from under you at the last minute.You won’t find any tricks here.We’re only interested [...]

2020-06-22T23:09:35+00:00By |VA|Comments Off on Current VA Mortgage Rates: Best 30 Year Fixed Interest Rates

Best FHA Loan Rates with 765-810 Credit Score

So, you’re ready to buy a house, but you’re not sure what rates you might qualify for. A credit score of 680 to 720 is pretty good. With a score in that range, you could get a low interest rate on a FHA loan. But there’s a catch. Lenders don’t like to tell you what rates you might expect without first getting your personal info. Why would you share your info if they won’t share theirs? That’s one thing that sets the Wendy Thompson Team apart: We give you the goods up front. You’ll never wonder what your rates might [...]

2020-03-06T17:51:41+00:00By |FHA|Comments Off on Best FHA Loan Rates with 765-810 Credit Score

Best FHA Loan Rates with 725-760 Credit Score

Are you ready to take the leap into homeownership? It might surprise you to find that the process isn’t as cut and dry as you thought.And it’s all because lenders are so stingy with their rates!Who would have thought getting something as simple as an interest rate would be so hard? After all, lenders are supposed to help you get a mortgage. Right?Well, you’re in luck.At the Wendy Thompson Lending Team, we’ll never leave you in the dark.We’ll be with you every step of the way. You could qualify for a low rate with an FHA loan if your credit score is [...]

2020-04-22T14:27:54+00:00By |FHA|Comments Off on Best FHA Loan Rates with 725-760 Credit Score

Best FHA Loan Rates with 600-630 Credit Score

*Please note that effective April 3, 2020, we are no longer able to accept loans from applicants with a credit score below 640.  Please visit our friends at My Credit Guy for help improving your credit score.If you’re ready to buy a house, you need to figure out the loan process. An FHA loan that’s backed by the Federal Housing Administration is an excellent option if you’re in the market for a new home.One big question that comes up time after time is, “How does my credit score affect my rate?”If you’ve tried to find rates for your credit score that’s [...]

2020-04-22T14:08:07+00:00By |FHA|Comments Off on Best FHA Loan Rates with 600-630 Credit Score

Best FHA Loan Rates with 680-720 Credit Score

So, you’re ready to buy a house, but you’re not sure what rates you might qualify for.A credit score of 680 to 720 is pretty good. With a score in that range, you could get a low interest rate on a FHA loan.But there’s a catch.Lenders don’t like to tell you what rates you might expect without first getting your personal info. Why would you share your info if they won’t share theirs?That’s one thing that sets the Wendy Thompson Team apart:We give you the goods up front. You’ll never wonder what your rates might be because we show you sample [...]

2020-02-14T21:46:58+00:00By |FHA|Comments Off on Best FHA Loan Rates with 680-720 Credit Score