Tip: You can contact the fresh new Virtual assistant when you have far more questions regarding your specific qualification and you can if or not you meet up with the service conditions

Financial standards

As you are not necessary to provides a minimum down payment that have a good Virtual assistant mortgage, your bank may have certain financial criteria you’ll need to fulfill. For example, the latest Va doesn’t identify the very least credit history, however, lenders commonly want a rating with a minimum of 620 — like traditional mortgage requirements.

The residence’s venue may also foundation to your qualification requirements. (далее…)