The state of Texas has always seen a large number of VA Loan Applicants every year. Now, there is a large population of people in the Lone Star State who feel that they would not get a VA Home Loan in Texas just because they have a ‘bad’ credit score. It is true that although the Department of Veteran Affairs (VA) doesn’t have a minimum credit score requirement, most lenders do look at your credit score to determine whether they would get you a credit score or not. In most cases, lenders would look at a score of 620 or better. So, what if you have a bad credit score? Would you not get a VA Mortgage in Texas? Well, not exactly. You can get a VA Loan in Texas even if you a bad credit. In the following post, we would be taking a look at some of the ways you can get a loan with a bad credit.
Getting a VA Loan with a bad credit
As said before, most lenders would want a credit score of 620 or better to offer you a VA Loan. However, there are certain things that you should know. The first is it is not hard to maintain a FICO score of 620. You can have certain bad spots on your credit history and still manage to keep a credit score of 620. People who have foreclosures in their credit history might still get a Texas VA Loan.
Secondly, since the VA itself has no limits, there are a number of VA Loan Lenders who might offer you a VA Loan, even with a lower credit score. If you want to get Texas VA Loans Bad Credit, then they are the best option for you.
As said before, most lenders would want a credit score of 620 or better to offer you a VA Loan. However, there are certain things that you should know. The first is it is not hard to maintain a FICO score of 620. You can have certain bad spots on your credit history and still manage to keep a credit score of 620. People who have foreclosures in their credit history might still get a Texas VA Loan.
EmoticonEmoticon