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 carlos3849
Joined: 21 Sep 2009
Posts: 1
1.36 Dollars($)
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 Posted: Mon Sep 21, 2009 7:17 pm Post subject: Can I get a VA Home Loan with a 602 Medium Score |
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| Im currently working with Wells Fargo and guy keeps telling me he can get it done. He has has emergency problems which I have given him a chance. My lease for my apartment is ending in 2 months and we have been working with him since June. I just want to get a loan and I'm losing confidence in him and just want to get a home loan. My wife has a 620 Medium score, it wouldnt be first time homebuyers, just straight up VA home loan for about 175,000, I live in Albuquerque, NM. PLEASE HELP? |
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jenkin7
Joined: 04 Jun 2007
Posts: 4291
Location: Hawaii
677.52 Dollars($)
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| Posted: Mon Sep 21, 2009 11:08 pm Post subject: |
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Hi Carlos,
The minimum credit score required for a VA loan is 620. This means your medium score has to be 620 or more to qualify for a VA loan. The credit requirement could be a bit flexible if your score is a little less than 620. However, I'm not sure if any lender would want to offer you the loan with a 602 credit score. Under the current market scenario, it could be a bit difficult for you to get approved for the loan. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9749
Location: bloomfield, ct
35.02 Dollars($)
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| Posted: Tue Sep 22, 2009 9:01 am Post subject: |
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jenkin7, you're confusing us. if minimum is 620 but the requirement could be a bit flexible at "a little less than 620," and uncertainty about whether lenders would work with a 602 score...there is way too much ambiguity in your post.
carlos, i've seen many posts on these forums from others who maintain that such a score is workable...shop around. i don't know who can do it, but apparently it's still being done.
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George M. Akerley
Loan Consultant
860-221-5044 |
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