Saturday, February 17, 2018

5 Things You Didn't Know a VA Loan Could Do for You (2 of 5)

2. More lenient loan requirements

The required credit score for a VA loan can be lower than for a conventional loan—around 620 for a VA loan compared with a range of 650 to 700 for most conventional loans.
In addition, the required debt-to-income ratio for VA loans is often more flexible than for conventional mortgages.
“It allows someone with less-than-perfect credit and some debt to still be able to qualify for a loan,” Dinsmore says.

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