VA Loan Credit Score Requirements: NO Minimum Credit Score Required!?!
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- Опубліковано 8 лип 2024
- Yes, It is official! At Guranteed Rate we no longer have a credit score requirement on VA loans. In this video I cover the qualifying process and what to prepare for. The days of being denied for a loan just because of the credit score on your report are over.
⭐Have mortgage questions? Pick a time that works best for you here
calendly.com/jennifer-beeston
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www.zerostressmortgage.com
Text me after you fill out with your name 707-478-0637 so I can alert team
⭐ Call Me: My cell phone is 707-478-0637 I am happy to help. Let’s get you home!:)
⭐My Google Reviews: tinyurl.com/jenniferbeestonre...
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0:00 #1 in America!!
0:33 Once upon a time
0:50 Different Lenders have Different Requirements
1:05 We'll Look at Any Score
1:16 Credit History Matters
1:30 No Lates in the Last 12 Months
2:18 The Exceptions:
2:40 Computer Approvals
2:55 Manual Underwrite!!!
3:45 How Does it Work in Practice
5:50 Rental History
6:05 Housing History?
6:22 Do Not Be Overdrawn
7:05 Practice Housing Payments
8:20 Hop on the Calendar or Call me at 707-478-0637
Licensing info: Jennifer Beeston, SVP Mortgage Lending NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611 Branch Address: 1750 N University Drive, Coral Springs, Florida, 33071 Equal Housing Lender
For licensing, go to www.nmlsconsumeraccess.org
Top 1% in the nation 2016-2022 www.zerostressmortgage.com
NMLS 247743 Guaranteed Rate NMLS 2611
To access Guaranteed Rate:
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My State License Numbers:
AK - AK247743, AL - 72998, AR - Licensed, AZ - 1007541, CA - CA-DOC247743, CO - 100516570, CT - LO-247743, DC - MLO247743, DE - MLO-247743, FL - LO66900, GA - 70357, HI - HI-247743, IA - 33839, ID - MLO-2080247743, IL - 031.0054184, IN - 41478, KS - LO.0039219, KY - MC717200, LA - Licensed, MA - MLO247743, ME - Licensed, MI - 247743, MN - MN-MLO-247743, MO - MO-247743, MS-247743, MT - 247743, NC - I-189119, ND - NDMLO247743, NH - Licensed, NM - Licensed, NV - 66544, NY - Licensed, OH - MLO-OH.247743, OK - MLO20600, OR - 247743, PA-247743, SC - MLO - 247743, SD - MLO.08498, TN - 205478, TX - Licensed, VA - MLO-40552VA, VT - VT247743, WA - MLO-247743, WI - 247743, WV - LO-247743, WY - 8203
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.
Hashtags:
#creditscore #mortgagelender #firsttimehomebuyer #valoans #vamortgage
Explore how your credit score affects VA loan eligibility and get expert tips to boost your chances from America's leading VA lender.
So excited to be able to help veterans see past the number on their credit report!
Me being a Veteran, congrats on being #1. Thanks for your service to us at helping us to better understand these guidelines 🤙🏼
Thank you!;)
Congratulations on your award! From the info you provide it’s clear to see why you and your time rank #1
Thank you! I appreciate that!
I always come here for great advice!
Thank you for stopping by:)
Jennifer you always provide helpful information! Thank you and your whole team
Thank you:)
You and your team are fantastic! The information that you are giving is Fantabulous! 👍🏾✔️💯
Thankyou! I really appreciate
Jen and her team is amazing. You and Your Team deserve it. Let’s go!!!!!!
Jennifer Beeston, This is fantastic! I subscribed because I love it!
Welcome to the channel and thank you!
Thanks Jen
Happy to help:) Appreciate you!
I thought your credit score determines your interest rate..
Congratulations 🎉
Thank you!
VA Wednesday ❤
My favorite day of the week
Hi Jennifer. Have you ever helped anyone use the Calvet Loan?
I have never worked at a lender that does calvet
Get work as always Jennifer!! Thank you so much!
Is there a timeframe for being overdrawn? Meaning if it just randomly happened for some reason one month, is that okay? Or are you looking for like 6-8 months of no overdrafts?
We are looking at the entire file. Realistically we are looking for at least the most recent bank statement to not be overdrawn. If you have a history of overdrafts it is important to budget and change the trajectory as the underwriter will want a letter as well that explains why you were over drafted etc..
@@JenniferBeeston BOOM!!! Thank you Jennifer as always
I need to reach out to your team. I want to buy a home by August/September this year.
Grab a time on the calendar and we can answer questions and help you plan for purchasing this fall:) calendly.com/jennifer-beeston/va-loan
when did this change happen and what would the current rate be for people under 580*
Guranteed Rate removed their credit score minimum about 10 days ago. In regards to rate, depends on where you are under 580. Feel free to give me a call tomorrow and I or the team can price for you 707-478-0637.
Question, it says that I have a score above a 600 but less then a 620 but i do have late payments due to going through a divorce. Would I be able to get a loan ?
If you currently have late payments that can be an issue regardless of credit score. We’d have to see how the system reacts to it but if it kicks you into a manual, there’s no lates within 12 months. If you are not current on your credit cards, regardless of credit score, it’s a hard no. Also, if you’re going through a divorce, you will need at least assign martial separation agreement, and depending on the loan you may need to be fully divorced. I always recommend if you’re going through divorce get that over with and then start your new life with a home.
Video Editing is too low 👎👎👎👎
Edit the video in a good style.
Add nice b-roll animation when you are speaking or explaining something. This will increase visualization.
Put proper subtitles, effects, transitions, and colors in the video.
Insert the B-Roll (footage and animation) very well because it is absolutely low in your video.
Do all this and then see how the video doesn't turn out good. 🍎
What’s an overlay?
An overlay is made up guidelines that a lender creates in order to handle some level of risk that they perceive. It’s a lender by lender situation.
What you mean all credit scores accepted?
We do not have a credit score minimum. A lot of lender require at least a 550 etc... we no longer have that
Hi 😮👍🏼
Happy Wednesday!
Congrats on #1
Thank you Mike!:)
So awesome for you and your team also if I came to you to refinance my home what would you need from me
are credit scores of 450 doable IFFFF there are no lates in the last 12 months???
Dang man!!!! No!!!!
Yes, it is plausible. If for instance you have like a charge off from a few years ago and have not established new credit or medical collections for the past it is feasible for sure. Happy to discuss calendly.com/jennifer-beeston/va-loan
Are you licensed in New York?
Yes I am. Feel free to give me a call 707-478-0637
@@JenniferBeeston Wow! Thats awesome!
Helloo
hello
For VA Credit history guidelines check out Chapter 4 section 7 www.benefits.va.gov/warms/pam26_7.asp
800+ here 😇🤓
Nice!