VA Loans Understanding Your Credit | Military Minute | Midwest VA Loans
Hey Everyone this is Darren Copeland your VA Mortgage Expert. Today we're going to cover the importance of your credit and qualifying to purchase a house using your VA Benefit. Over the years I've had several conversations with folks that think that since they have their COE that they automatically qualify to buy a house.
That's not necessarily true....you still must have an average credit score...typically around 620 in order to qualify for your VA Mortgage. Remember there's so many benefits to the VA Mortgage program such as 100% financing, no monthly premium mortgage insurance, and no pre-payment penalties of any kind. If you're a little short on the scores give us a call as maybe there's something you can pay down or pay off that will boost your scores to make you "mortgage ready".
One of things we pride ourselves on is actually taking the time and coming up with a game plan for you to help all our active and non-active military folks become homeowner's.Thanks for watching this Video and we look forward to working with you.
About Midwest VA Loans (www.MidwestVALoans.com)
Our mortgage team is passionate about helping you use your VA benefit to buy a house. We work with both those who are currently in active military, and those who no longer serve but have the VA loan benefit available to them. What may appear to be a complicated process has actually become simple for us. Our team can walk you through each step of securing a VA loan and ultimately, getting into the house of your dreams.
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