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  • Qualifying for a VA Home Loan – Even With Poor Credit

    By guest blogger Gabriel Knight from

    The US Department of Veterans Affairs (VA) insures VA loans for members of the military, reservists and their spouses. This is certainly great news for veterans, especially for those who are suffering from bad credit. Usually, when military veterans come back to their civilian life, they face certain difficulties getting a permanent job or home,Qualifying For a VA Loan mostly due to their poor credit score.

    However, VA loans are designed specifically to help those veterans with bad credit and help them achieve their dream of owning a home. In fact, with the help of a VA home loan, you can refinance your existing mortgage quite easily as well.


    The origin of VA loans can be traced back to the Second World War, when the US government decided to provide help to veterans so they could lead a normal life after resuming their civilian life. VA home loans are designed to offer a number of advantages, such as lower interest rates and a small down payment, in addition to being able to qualify with bad credit. Furthermore, as Department of Veteran Affairs assures a major portion of the loan amount, the loan involves minimum risk.


    As long as you an ex or current military personnel, you are eligible to get a VA loan. However, if you have bad credit, you do have to meet certain criteria to issue a VA loan, such as having no past record of loan defaults within the last 12 months and have not declared bankruptcy within the last two years of the application date.

    Mar 9 2012