Regarding Va loans, brand new Service of Veterans Points doesn’t have a-flat lowest borrowing from the bank rating specifications. But not, most individual Va lenders possess their credit score requirements, that may are very different with respect to the individual lender.
Brand new everyday credit criteria are one of the activities that make Va money favorable so you can possible consumers versus other sorts of mortgage brokers, such as old-fashioned, FHA and you will USDA money. The next table provides an overview of the quality borrowing from the bank standards for each financing sorts of: