Veterans United Network

Credit score requirements vary by lender. However, most lenders have similar criteria. Let's look at the minimum credit score for a VA loan and what lenders typically expect.

Veterans with a disability that developed or worsened while serving in the military, or due to military service, may be eligible for Service-Connected disability pay.

An earnest money deposit is a deposit of good faith on a home loan from a buyer to a seller. Including an earnest money deposit with your offer is a part of the VA home loan process and serves to protect VA buyers and sellers in a real estate transaction. Learn how earnest money might help you obtain the home you want.

Most states offer disabled veterans a property tax exemption, which can save veterans thousands each year depending on state and disability percentage.

Second-tier entitlement allows qualified VA borrowers to purchase again despite default or foreclosure. It even lets veteran homeowners have two VA loans at the same time. First, VA lenders have to determine how much entitlement you have left. Find out more about entitlement and your VA loan eligibility.

Your VA disability rating by itself has no negative effect on VA loan eligibility. In fact, your rating may provide cost-saving benefits and additional income when considering a VA loan, even if you have bad credit.

Some lenders will finance a Joint VA Loan on which you can have a non-veteran or non-spouse co-borrower. Borrowing or refinancing with a civilian, partner or friend affects your down payment, entitlement and more. We’ll take you through VA loan co-borrowing scenarios to give you a better grasp of the pros and cons.