Conforming Loan

Va Home Loan With Low Credit Score

In layman’s terms you can have lower income and still qualify for a VA loan. When your credit score is below a 620 usually you have to do a manual underwrite, which 99% of the mortgage companies do not do, therefore you are turned down.

It's not impossible to refinance a home loan with bad credit.. The cut-off to qualify for a conventional fixed-rate home loan is roughly a 620 credit score.. To qualify for either VA refinance option, you need to have served on.