Updated almost 2 years ago on .
VA Home Loans With No Minimum Credit Score Requirement
The VA extenuating circumstance program is one of the most overlooked areas of the VA home loan program.
This program has exceptionally flexible criteria, designed to help those who might face challenges with traditional lenders.
Here are some key highlights of our program:
No minimum credit score requirement
We evaluate each application on its individual merits
Proven track record of approvals for low credit scores
I have personally approved loans for veterans with scores as low as 530.
Most lenders can't do these due to lender overlays, but I have a lender that underwrites down to VA minimum standards and will approve them if the file makes sense.
The most common reasons for an extenuating circumstance to get approved are because of medical issues, job loss or inability to sell the departing residence.
The reason will need to be outside of the borrower's control.
The potential borrower will need to provide a letter explaining why they have an extenuating circumstance and how the issue has been resolved.
We understand that life can present unexpected challenges, and we're committed to helping our veterans and active service members achieve their dream of homeownership despite these obstacles.
I would greatly appreciate your referral if you know anyone who might benefit from this program.
They can reach me directly at 937-572-3713 or [email protected] or scarpero.com for a confidential discussion about their situation.
NMLS 1674385