VA Loan Credit Score Requirements, Florida, can be more lenient than conventional mortgage programs, but there are still VA Loan credit score requirements in order to be approved for a VA loan. Most banks require a minimum 620 middle credit score from the three major credit bureaus.

If you know your credit scores to be higher you are in a prime position to start your VA Loan Application. If you know your scores to be lower we are here to help.

Types of imperfections on a credit report that may affect your

VA Loan Credit Score Requirements

•Collections
•Late payments
•Judgments
•VA Loan Credit Score Requirements for Bankruptcy.

Bankruptcy does not immediately disqualify a veteran borrower. The general rule of thumb is the bankruptcy must be discharged at least for two years if it is a chapter 7. Chapter 13 has slightly different conditions and must be viewed on a case per case basis.

VA Loan Credit Score Requirements for Foreclosure.

Foreclosure is still another issue that will be a deciding factor in qualifying a veteran for a VA loan. If a previous foreclosure is on a VA loan, that may change the amount of entitlement available to be used. If the foreclosure was within 1-2 years of applying for a VA loan there are a couple things that are taken into consideration that may still help qualify a veteran:

· If you have obtained credit following the bankruptcy and made satisfactory timely payments

· If reasons for the foreclosure were above and beyond the control of the veteran-Loss of job, medical bills, divorce, loss of a business etc.

We have the latest software to assist you in understanding how to raise your score, just apply now to get started.

WE LEND IN most STATES. As a national VA Certified lender, we have a proven track record with documented success.

Trust a VA Loan expert and fellow veteran for your next VA mortgage.

Carl Ashton
Mortgage Banker

1605A Prosperity Farms Rd
Lake Park Florida 33403
Phone: 561-210-3000
Fax: 561-624-1764
premiermortgagestore@live.com

Our websites:

www.vamortgagesstore.com