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USAF Veteran with score of 603 in NY State

I am a Honorably Discharged Veteran of the USAF with a credit score of 603.  I am look for a loan for around $80,000.  Is their any VA lenders who would take me?
  • August 27 2013 - US
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Answers (3)

If you can get your score up closer to 620, I think you will have a lot more options available to refinance.  I use something called "Score Wizard" through the company we use for our Credit Reports.  This enables me to see where  improvements can be made to increase the credit score quickly.
  • August 27 2013
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There are definitely lenders, like myself, that are more than willing to help you out with the scores that you have. A VA loan is a great loan because of the benefits that it offers such as great rates, no required down payments, and low closing costs. Although the average minimum may be around 620 for a VA, lenders like myself have done VA loans with credit scores as low as 560. It's just the matter of shopping around and finding the lenders that can work for you.

I hope this helps! If you have any further question or if you would like a loan, feel free to contact me. Also, if you found this comment helpful, please leave me a review!

Good Luck!
  • August 27 2013
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Yep. There are sources out there that can help! A broker is probably going to be more helpful than a big bank due to greater program access.
  • August 27 2013
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