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VA Loan Eligibility / 1 posts found

How Does Credit Affect Your Loan?

by So Cal VA Homes
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How Does Credit Affect Your Loan? A person’s credit score can say a lot about them. The number is based on a person’s creditworthiness. A credit score is a good way for lenders to determine how likely a borrower is to pay back their loan. Credit scores are a useful screening tool for credit card companies, banks and mortgage lenders. All prospective homebuyers are subject to credit checks to qualify for home loans. For Veterans hoping to secure a VA home loan, credit scores are just one detail lenders will look to for approval. Because the loans are offered by […]

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