Arizona VA loan guidelines are getting tougher.
If you are currently have an Arizona VA loan and want to participate in the Arizona VA streamline program (aka the VA IRRL program), lenders are requiring that you have a mid credit score of at least 620. If you are thinking about trying to qualify for an Arizona VA loan, you must also have a mid credit score of at least 620.
The minimum credit score of 620 requirement for all Arizona VA loans is regardless of what the Automated Underwriting System says about the file – in other words, there really isn’t a way around it.
In order to qualify for an Arizona VA loan, you will need to provide the underwriter with a copy of your credit report – or you can also provide only a mortgage report and score only, many lenders will accept this as well.
Will it change in the future?
I think it is safe to say that this requirement will probably change… but I can’t say whether it is going to get tougher or easier to get an Arizona VA loan and how soon it will change.
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Hello I need to ask a question, my Husband does have va, but is not able to use it, i did look at his trans union score was 588. due to his score we have disputed items , he was previously married and she used a lot of his stuff while him unknowing this. we are trying so hard to get some help and my head hurt.. Can you help me
@cures,
I wish I could. Assuming that the 588 is the middle of the three credit scores your husband has, the best thing that you can do is to go to a credit repair company and have them help you remove any inaccurate items that shouldn’t be on your credit.
I am not aware of any lenders who are helping people unless their minimum credit score is above 620.
Good luck – let me know if I can answer any other questions that you may have.
Best,
Justin