Given this VA advantage, you can reconsider your credit risk scores. Is it really important to have high scores? In terms of qualifying for VA financing, the answer is No.
If you have previously determined to hold off from trying to buy a house because you thought your credit needs to improve, then you simply haven’t properly evaluated your situation. There is hope!
That doesn’t mean your credit report (a document that shows your credit history and scores) can be a disaster (e.g., you can’t have a credit history filled with charge-offs, delinquencies and collection accounts and expect to be approved for a loan.) You need to work to keep your financial house in order. But if you had, for example, a bankruptcy or a life event such as an illness, and you resurrected yourself from all your crises and saved your credit profile, you are likely still able to get a loan or credit extended to you.