Minimum Credit Score Misconception Cleared for VA Home Loans

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Friday, January 27, 2023 at 5:56am UTC


United States, January 26, 2023— Many veterans and active military members are under the misconception that they need a credit score of at least 620 to qualify for a VA home loan. However, Competitive Home Lending, a VA approved mortgage broker, is here to clear the air and inform veterans that they can qualify for a VA home loan with a credit score as low as 500.

This means that veterans with a credit score of 500 can still qualify for 100% financing of the home’s purchase price, without having to put any money down. This is a significant opportunity for veterans who may have faced financial challenges in the past, but are now ready to become homeowners.

“We are committed to helping veterans achieve the dream of homeownership,” said Raul Hernandez, Mortgage Loan Officer of Competitive Home Lending. “We believe that every veteran deserves a chance to own a home, regardless of their credit score.”

Competitive Home Lending is dedicated to providing veterans with the best mortgage options available, and their low credit score requirement is just one of the ways they are making it easier for veterans to become homeowners.

For more information on VA loan credit score requirements, VA loan rates, and how to apply, please visit Competitive Home Lending’s website or contact them directly.


Raul Hernandez MLO NMLS #216096,
Competitive Home Lending NMLS #1047944
(214) 842-6071

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