What Is The Minimum Credit Score For A VA Loan?

Are you a veteran looking to buy your dream home? If so, you might consider applying for a VA loan. 

Designed specifically for members of the military and their families, VA loans offer several benefits, such as no down payment requirement and lower interest rates compared to conventional loans. 

However, before you get excited about the prospect of homeownership, one crucial factor can make or break your application: your credit score. 

In this blog post, we will answer the burning question on every veteran’s mind: What is the minimum credit score for a VA loan?

So sit back and read on to find out how to qualify for a VA loan even with bad credit.

What is the VA loan?

A VA loan is a type of mortgage loan that’s available to veterans, active-duty service members, and surviving spouses who meet the eligibility criteria set by the Department of Veterans Affairs (VA).

This loan was created in 1944 as part of the GI Bill to help returning soldiers purchase homes after World War II. Today, it remains one of the most popular types of loans for military personnel.

One significant benefit of VA loans is that they don’t require a down payment. Unlike conventional mortgages that typically require borrowers to put down at least 20% of the home’s purchase price upfront, VA loans allow eligible borrowers to finance up to 100% of their home’s value. 

Additionally, VA loans usually come with lower interest rates than other mortgage types.

To be eligible for a VA loan, you must have served on active duty for at least 90 consecutive days during wartime or 181 days during peacetime.

You may also qualify if you are currently serving on active duty or are a member in good standing in the National Guard or Reserves. 

Surviving spouses may also be eligible if their spouse died while on active duty or from service-related disabilities.

What is the minimum credit score for a VA loan?

The minimum credit score required for a VA loan is not set in stone. However, lenders generally look for a credit score of 620 or above. That being said, some lenders may offer VA loans to borrowers with lower scores.

Although the VA doesn’t mandate a particular credit score for loan approval, lenders are still expected to look at a veteran’s entire financial picture.

This means that even if you have a low credit score, you may still be able to qualify for a VA loan if your other financial factors are strong enough.

Also, a higher credit score can help you secure better interest rates and terms on your VA loan. So if your current score falls below the recommended threshold, it may be worth improving it before applying.

While there isn’t an exact minimum credit score required for a VA loan, having good credit can undoubtedly increase your chances of approval and better terms on your mortgage.

How to improve your credit score

Improving your credit score is essential if you want to qualify for a VA loan. Here are some tips on how to improve your credit score:

1. Pay Your Bills on Time – Late payments can significantly impact your credit score, so it’s crucial to ensure you pay all your bills on time.

2. Reduce Your Debt – High levels of debt can have a negative effect on your credit score, so try to pay off any outstanding balances and avoid using too much of your available credit.

3. Check Your Credit Report – Errors or inaccuracies in your credit report could be hurting your score, so make sure you check it regularly and dispute any errors that may be present.

4. Limit New Credit Applications – Every time you apply for new credit, lenders will perform a hard inquiry, which can lower your score. So only apply for new loans or lines of credit when necessary.

5. Increase the Length of Your Credit History – A more extended history with responsible use shows creditors that you are dependable over the long term and can help raise scores.

By following these simple steps, you’ll be well on your way toward improving your credit score and increasing the likelihood of qualifying for a VA loan with favorable terms!

How to get a VA loan with bad credit

If you have bad credit, getting approved for a VA loan can be challenging but not impossible. Here are some tips on how to improve your chances of being approved:

1. Work on improving your credit score: While there’s no magic formula to quickly fix your credit score, paying off outstanding debts and making timely payments on current accounts is an excellent place to start.

2. Consider a co-signer: Having someone with good credit cosign the loan may increase your chances of approval.

3. Provide an explanation for past financial difficulties: If you’ve had economic issues in the past that led to bad credit, explain them in detail and show what steps you’ve taken to rectify the situation.

4. Save up for a down payment: A larger down payment shows lenders that you’re serious about repaying the loan and reduces their risk.

5. Look into alternative lenders: Some private lenders offer VA loans to borrowers with less-than-perfect credit scores, although interest rates may be higher.

Remember, each lender has its own criteria for approving VA loans, so it’s essential to shop around and compare offers before committing yourself.


The minimum credit score for a VA loan can vary depending on the lender and other factors. However, generally speaking, a FICO score of at least 620 is required to qualify for a VA loan.

If you have a lower credit score than 620, don’t worry. There are still options available to help you get approved for a VA loan. You can work on improving your credit score by paying down debt, making payments on time, and disputing any errors on your credit report.

Alternatively, you may consider working with lenders who specialize in helping veterans with bad credit obtain VA loans. Just be sure to do your research and compare offers from multiple lenders before making any decisions.

Veterans interested in purchasing or refinancing a home with a VA loan should know the minimum credit score requirements that may affect their application.

By improving your credit or finding the right lender for your needs, you can increase your chances of getting approved and securing favorable terms on your mortgage.

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