Lenders take a number of things into consideration when evaluating a VA loan application. While there isn’t a credit score requirement for participation in the VA loan program many lenders want to see scores north of 620, and at Benchmark Mortgage this number is 580 to move forward with a loan. There are other factors …
Tag: home ownership
5 THINGS TO DO NOW IF YOU WANT TO OWN NOT RENT
1. Automate your down payment. One painless way to save is to automate your checking account to regularly set aside a small amount of your paycheck into a separate savings account dubbed your “house fund.” 2. Build your credit history and keep it clean Keep your credit score in check. Lenders will want to see …