Please use the links below to find out more about credit reports and scores as they relate to VA Loans.
No, to get approved your lender will have to pull your credit report. This is because the lender needs to see it in a standard format to make sure everything is listed properly and to better analyze your credit situation.
There has been a great deal of debate on this subject. Having a long history of many pulls can lower your score, but over a short period a few pulls will not affect your score. Normally, if your score is lowered by credit pulls it is a very insignificant decrease. Any possible drop from having your credit report pulled is not looked at as an adverse factor in qualifying for a VA Loan. This is because your credit score is not important when it comes to VA Loans. Your credit history, not your credit score, is used for making decisions about your eligibility.
A clean credit history means that you do not have collections, judgments, late payments or other blemishes on your credit report. You have made all your payments on time and do not have any items on your credit that could negatively affect your approval. For more information about credit or other aspects of a VA Loan, check out General VA Loan FAQ's.
If you have questions, or if you want to determine if a Veteran Home Loan is actually the best financial decision for you, you may get advice from a VA Mortgage Specialist online or call 800-405-6682.