1. Home
  2. Blog
  3. Home Buying, Home Buying/Selling, VA
  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!


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.

  12. Working at paying off some credit cards. My wife has a slightly lower score than me. I am looking to refinance and am VA eligible. My first loan is also a Fannie Mae. We don’t really have anything to bring to the table and would probably need to wrap the closing costs into the loan. Do you all have any refinance programs that might fit us?

    1. Hi Scott! Thanks for reaching out! I’ve passed your comment on to our team of mortgage experts who are looking into it and will reach out to you soon.

  13. Hello,

    Me and my partner are wanting to buy a house together. She has a great credit score while mine is about 560ish. Currently my yearly income surpasses hers. Would we be able to apply for a home loan?

  14. My husband and I are both veterans and we found a home that we like. My credit scores are 611, 607 and 648. Is there any hope for a VA loan?

    1. Hi Kim!

      We’ve forwarded your information along to our VA Home Loan Experts who will be in touch with you soon.

      Have a great day!

  15. My husband is a veteran and has very good credit, however I do not. The lowest one is at 586. Will this be an issue?

    1. Mrs. Molina,

      We’ve forwarded your information to our VA Home Loan Experts who should be in touch with you soon.

      Thanks for reading!

  16. My husband is a veteren and we have been trying to use his va loan but his credit is low… he has a full time job…. what can we do?

    1. Hi Tracy!

      I’ve forwarded your information to our VA Home Loan Experts who will be reaching out to you soon.

      Have a great day.

  17. My husband and I are looking into getting a VA loan from you and we have tried but his credit score is 580. But on this website, it says that you all will accept that. But the phone conversation is different. You have to have a 620 and up. So why would you put it on this website saying that it’s acceptable?

    1. Hi Mrs. Miller,

      We’re sorry about the late response, we had slight technical issues. The 580 credit score in the article applies only to the FHA loan. As the article states, VA loans have a minimum of a 620 credit score. If you have any other questions, please let us know.

      Thanks for reading!

  18. My va home loan eligibility got reinstated recently, but as with most questions I read I to have an ex wife late on her mortgage which my name is still on. It’s keeping my credit scores in 540-560 range along with some other things on my credit due to my divorce. I’ve been remarried for 2 years and were never late on our 1500 month rent or car payments. All loans and bills get paid on time and have great duel income. We already been denied by two lenders and the certificate of eligibility is suppose to show lenders they should take the loan my ex wife is on off my debt to income ratio. My wife’s score is 600 right now.

  19. I am a veteran and I want to buy a house. The only problem is my credit score is low actually poor because the house that my ex wife lives in was awarded the house per the divorce is two months behind and it reflects on my credit report. I am trying to sell that house right now. I can not get my name off the loan. I have credit cards and some are maxed out but they are not big accounts. I have been renting a apartment for 850.00 a month and before that I was paying 560.00 a month I have never been late on my rent or any other credit cards I have. The only thing killing my credit is my ex wife any help or suggestions I will appreciate it

    1. Hi Allen,

      We’ve forwarded your information to our VA Home Loan Experts who will look into your situation and reach out to you directly.

      Have a great week.

  20. My husband receives s.s. only 14,000 a year. I am disabled but receive no benefits. Need to purchase a home but don’t know if credit score wil qualify us or not, have been working on building our credit for about 12/15 yrs. Husband got a fha loan yrs. Ago wondering if he may be able for another fha loan with his income and a credit score of possibly 590 or something like that. Thank you for your response. Alice

    1. Hi Alice!

      I’ve forwarded your question to our Home Loan Experts who should be in touch with you soon.

      Thanks for reading!

  21. I have a score of around 590, and plan on use my va loan next year. Would I be approved, if yes how much and at what rate. Also I plan on paying off some bills before then

  22. Looking to use a VA loan for the first time. credit score is between 580-660. Need to know if I qualify for a VA loan. If so I will sell my current home and buy a new one.

  23. I have a credit score of 600, I have had two va loans in the past with no foreclosure, I need a va loan
    My tel is 303-638-9596 can someone call me

  24. I would like tp purchase a home withmy VA but my ex wife is behind in payments and make payments some times up to 3 month late. The house was awarded to her in the divorse but because she dont qualify by her self the back will not remove my name out of it. y score is below 620 I think is around 580 and acording to friend the only thing hurting my chances is the house my ex is living in. I have a good job plus my retirement from the military, my wife have excelent credit but she is not working at this time. We are tire of moving and after 24 years in the military we want to own and finaly settle in our house. Is there anything I can do to have my name of the back release me from the morgage or at least ackolage that I’m not finalcially responsible for that house. We concider a FHA loan but dont have capital need it as this time. The VA ia a better and more finacially responsible for us. Thank you for your time and hope you can point us in the right direction.
    Marco A Rivera Colon

    1. Hi Marco, thank you for telling us about your situation. I have shared your inquiry with one of our home loan experts who will contact you to see if we may be of assistance. Thanks!

  25. Thanks will do. I am sorry about the bounce back I accidentally put two consecutive L’s in the name. That should be fixed now. WIll definitely be giving a call. Currently trying to do what we can to repair his credit.

  26. Let me rephrase my above comment. HIS scores range from 580 to 618. We plan to do it soley in his name as I am justa home maker and have virtually no credit.

    1. Hi Rhiannon, thanks for reaching out to us, we will have one or our home loan experts contact you soon to talk more about your situation. Thanks.

      1. Hi Rhiannon, your email bounced back undeliverable. Our VA loans require a 620 credit score to proceed. We have an internal credit repair team we would be happy to connect you with, please let us know if you are interested. Thanks!

  27. Ok my husband is current active duty military. His ETS is Nov 2013 . We were thinking of purchasing a home in our home town ( where we plan to move once he is released from service). I recently pulled our credit scores and they range from a 580-618 . How hard would it be to get a VA loan on that basis? We have paid off almost all of our installment accounts. Essentially we are trying to clear our payments completely so that we do not have anything beyond houseold bills once he is out. The problem is we do have a couple of late payments. WIll this negate us from any chance of a vA loan?

    1. Hi Joey, thanks for reaching out to us, I have forwarded your inquiry to one of our home loan experts who will contact you. Thanks

  28. Is there a way to get a VA home loan if my husband has a low credit scored but mine is high? I am also a student but my husband makes 80 a year. I didn’t notice anything showing late payments on my husbands credit report, would any of this information qualify us at all?

  29. Hello,
    Our credit score is a little below the required limit due to a recent (short) job loss in our famiy but my husband was enrolled in school. My husband qualifies for a VA loan. Is there any hope for us when it comes to getting a loan?

    1. Stephanie,

      You should definitely give it a shot, considering rates are so low. If your credit isn’t there yet, we may be able to help you get it there with some tips. VA is THE way to go if you are a veteran, as there are so many advantages beyond a conventional loan. With rates the lowest they’ve been in decades, it’s definitely the chance of a lifetime to lock in a low rate now. Give us a call at 800 710-1755 and we’ll help you get started.

  30. on the Freshstart program. Score should be at least the minimum required. Need new home yesterday. What can i do to get qualified?

  31. Self employed 1040 shows 21k but that is because everything written off.I am 1099.Wife is w2.I am vet,also get ss and retirement
    but show only the 21k for tax perposes.If this is not fesable please don’t even contact us.
    Craig Combs

  32. Hi,I’m in a upside mortgage my credit score is low I want refinance,is there something you can do for me? Thanks.

  33. Credit recently took a hit. May be near 580. Assuming it is about 580, what rate and amount can I get? I am a veteran, but have never used a VA loan, so am not sure of the terms and conditions. I currently have a loan at 5.75%, 30 year fixed.

Leave a Reply

Your email address will not be published. Required fields are marked *