| If you're a veteran and are considering buying a house | | | | you to qualify to purchase a home. |
| but are not sure if your credit is good enough, you | | | | VA realizes the inconsistency in income that families |
| may be in for some good news when looking to | | | | experience while serving in the military. |
| qualify for a VA loan. | | | | All you need to prove is you've made all payments on |
| Lenders who specialize in VA loans are not interested | | | | time for credit card, dept store credit, utilities and. car |
| in your FICO score as they would be for the average | | | | payments. |
| borrower looking for a loan. | | | | VA will even tolerate one 30 day late in one credit |
| Instead of scrutinizing your credit history to determine if | | | | account, and still let you qualify for the VA loan |
| you are qualified or possibly sub prime, they use an | | | | program. |
| entirely different way to qualify you if you're a Vet. | | | | So if you're a vet and have been thinking about |
| The Key To Qualify For a VA Loan -Good Recent | | | | purchasing your dream home but are delaying |
| Credit History | | | | because you think you might have credit issues, think |
| VA is only interested in your last 12 months credit | | | | again. |
| history. So as long as you've been current on your bills | | | | You can use this information as a planning tool to get |
| for the last year you can qualify for a loan. | | | | your credit back on track as well if you have missed a |
| Your credit score may be "sub prime" under normal | | | | few payments. |
| circumstances but VA will bend the rules in order for | | | | |