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  4. Lower Credit Scores Now Qualify for FHA and VA Loans
Good news for veterans of the U.S. military and anyone interested in an FHA loan.

It just got easier to qualify for an FHA loan or VA loan if you have less than perfect credit.

With Quicken Loans, you can now qualify for an FHA loan with a credit score as low as 580.  That’s one of the lowest qualifying scores you’ll find in today’s mortgage market.

And, veterans and active members of the military can qualify for a VA loan with the low credit score of 620 as well.

Borrowers who meet this minimum credit score criteria can lock in a 30-, 25- (FHA only) or 15-year fixed-rate loan with a VA loan or an FHA loan.  This is great news for people who have been unable to qualify in the past because qualifying credit thresholds were higher.

If your credit is at least 580 and you want to take advantage of low home prices and mortgage rates, this is your chance!

One thing mortgage clients need to keep in mind – additional underwriting guidelines to the standard FHA guidelines may apply when qualifying for a loan with a credit score of 580.  Contact a Home Loan Expert today to qualify for this unbelievable opportunity!


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This Post Has 67 Comments

  1. 100% Veteran needs 390-425K VA loan. My yearly income bis $51,327.28 and wife’s is $51,200. My score is 585 and hers is 550. We are working on scores with credit bureaus as there are a lot of incorrect issues. Need help now and once scores are corrected then refinance. CAN YOU HELP?

    1. Hi Pete:

      In order to improve your for a VA loan, we require that your median FICO score is 620. However, I’m going to recommend you speak with one of our Home Loan Experts at (888) 980-6716. They may be able to help you come up with a game plan to get you where you need to be. Hope this helps! Have a good day!

  2. Hi my middle score is 618 and have nothing in the near future to do to get the extra two points to get to 620 I would like to apply for a VA loan would I be able to apply with a 618 credit FICO score

    1. Hi Donald! Your best bet would be to talk to one of our home loan excerpts at (888) 980-6716. They can look into your specific situation and see what your options are.

  3. Hey im a 100% disabled and I have a poor credit score and my parents are wanting to sell me their house my wife has a 619 score can you possibly help us it’s our first house please help

    1. Hi Tyreese:

      My biggest advice to you is to take a look at ways to get your credit in shape. In order for you to qualify for a VA loan, you have to be on the loan. The minimum credit score we except on VA loans is 620. We could help your wife with an FHA loan based on her credit score, but you would only be able to use her income. We can help you look at that option if you talk to one of our Home Loan Experts by filling out this form or calling (888) 728-4702. We also have QLCredit, a service where you can pull your credit report for free without affecting your score. You’ll get personalized tips on how you can improve your credit situation. I hope this helps!

      Kevin Graham

  4. I actually have a house selected already, and I’m being offered it below market value, It is owned by a friend of mine well there is a dead line however, He is building a home and he needs to sell the property to finish building his new home and had said July he has to put it on the market,My credit score is on the rebound but slow moving,I’m 100 Percent disabled, that is the direct cause of my credit rating..

    1. Hi Charles:

      We can definitely help you look into your options. I’m going to have someone reach out.

      Kevin Graham

  5. Hello! Does Quicken work with refinancing of mobile home loans? My husband and I bought our MH back in 2002 when our credit was poor, and the predatory lender took advantage of our situation to saddle us with a 9.75% fixed rate (and we had to “buy down” the rate from 11.75 with cash we drew off my husband’s 401K!). We’ve had ups and downs since then but have been working hard to get our credit back on track. I’m around 710, my husband is in the low-mid 600’s and we are both climbing. Good job history, good debt-to-income. Our problem is we don’t have much cash on hand for a down payment. But we are determined to get our interest rate down so we can finally build some decent equity.

    My second question is, is Quicken a “shopper” service that farms the borrower’s loan inquiry out to various prospective lenders, or are you actually a lender? I have heard plenty of stories from people whose credit score was seriously “dinged” when they thought they were dealing with a lender (not Quicken, necessarily) but then ended up with numerous hard-pulls on their credit as their application was shopped out to other lenders. We can’t afford numerous pulls of our credit report right now, we have worked too hard to get our score up. Thanks in advance for your response.

    1. Hi Melanie! Quicken Loans® is not a “shopper” service, however we will do one hard pull on your credit if you’re applying for a mortgage. Unfortunately we do not do mortgages on mobile homes. Let me know if you have any other questions. Have a great day!

  6. My credit score was ran by quicken loans today it was a 615 and I’m trying to get the loan which requires a 580 but they told me I couldn’t bc I needed 5 more points??? Im not understanding

    1. Hi Robert! for most loan products the minimum credit score is 620, however, if you meet certain qualifications it’s possible to get a FHA loan with a 580 or higher. I’ve passed your comment on to our team of home loan experts who will reach out to look into your specific situation and see what your options are.

  7. I called quicknloans and as soon as I told them I had a credit score of 587 they did not wanna work with me …. all they had to say to me was I needed a 620 for a mortgage loan and then hung up the phone ….. was not impressed with this company

  8. I received my credit scores, they are 533, 569, and 587. Is there a chance I would be able to qualify for a first time homeowner loan?

  9. Hello my husband and I are trying to qualify for a home loan. My husband is a Disabled Veteran and his credit score is between 580-610. I would like someone to contact us to see if we can get approved for a loan.



  10. I have a credit score of 575 and I have tried to apply for credit rebuilding loans and credit cards to help boost my score but have been denied repeatedly. I don’t know what else to do. I want to try to boost my credit score to buy a home but I can’t seem to catch a break. Any advice?

  11. Private lender said my credit score is 535, credit karma says its 619. Not sure why there is a huge difference. I have bad credit history as well. I have been working for 6 months now on trying to repair my score. I have a job and im also a disabled vet. I make more than enough money to afford the homes in my price range, but no one will give me a loan.

    1. Hi Kevin! I’ve passed your comment on to our team of mortgage specialists. They’ll reach out soon to discuss your options.

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