Using a $0-Down VA Loan to Purchase a Home


Ask Carolyn Warren

If you are a member of the U.S. Military, you may qualify for a $0-down home loan. Details are below, but first, I want to thank and honor all who served our great country.

Highest respect and gratitude to you, our United States Military Veterans and current members of the United States Military!

The Basics for Qualifying for a VA Home Loan

CREDIT

Perfect credit not required. The most recent 12 months are the most important. If you had difficulty in the past, but are back on track paying your creditors on time, now, that is what underwriting wants to see. Old collections and charge-offs might be ignored, depending on the balance and age.

The mortgage lenders pulls a tri-merge credit report with all three credit scores. The lowest score is thrown out. The middle score is used for qualifying. 640 score preferred, but some lenders go lower.

INCOME

Need…

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