topic Re: Vystar VA min score in Mortgage Loans

Vystar VA min score

Anonymous — Tue, 18 Aug 2009 15:35:41 GMT

Just got off the phone with Vystar's mortgage broker and the min score for a VA loan is 700.

Just when I thought I was getting closer, and now its further away.

FHA min score 660 3.5% down

Not even considering a conventional.

We can do FHA if its just my fiance, but I really wanted to use my VA.

Unless I can get my score up 140 more points by Oct....

still hope tho,

just did a HIPPA for a med collection and seeing what can be done with the other 2 collections on my report.

Re: Vystar VA min score

gpeach — Tue, 18 Aug 2009 15:48:04 GMT

We just went VA and they had a 620 minimum. Can you just get a new company to deal with. VA is great as the zero down and no PMI insurance really helps out long run.

Have you had a broker pull your credit? Both our scores were higher pulled by them than this fico site said.

Re: Vystar VA min score

Anonymous — Tue, 18 Aug 2009 15:56:38 GMT

Those requirements are probably specific to that lender. Call some other lenders and ask what their minimums are, i think you'll be pleasantly surprised.

You said you'll need to get your score up 140 pts, does that mean your current mid score is 560?

Re: Vystar VA min score

Anonymous — Tue, 18 Aug 2009 16:47:03 GMT

From what the mortgage broker lady said, they went through one company for VA. (I failed to get the name of that company.)

wanted to try to go with vystar since we have an established relationship with them

eq 569

trans 611

I haven't had them pull anything yet.

Message Edited by isisblue on 08-18-2009 09:47 AM

Re: Vystar VA min score

Anonymous — Tue, 18 Aug 2009 16:45:00 GMT

now unless this other CSR was pulling my chain, Navy Fed has no minimum to apply for the VA loan.

I'm exempt from the funding fee due to 20% disability.

and he said 600 min for FHA

Re: Vystar VA min score

tater72 — Tue, 18 Aug 2009 17:54:32 GMT

We are going VA also and I was told there is not a min. score required. However, they said they would normally not seek approval for anyone under 620. So I'm sure it's varies from lender to lender.

Re: Vystar VA min score

Anonymous — Wed, 19 Aug 2009 01:20:30 GMT

I just closed on my house about 2 weeks ago. I used my VA and went through Chase. It literally took me 2 weeks from the time I applied to the time I got fully approved by the underwriter. My LO was outstanding, and knowledgeable. Make sure you shop arround. Chase has a 620 minimum for VA. Good luck.

Re: Vystar VA min score

Anonymous — Wed, 19 Aug 2009 17:15:24 GMT

Thanks SemperFi, I was about to call them when I saw your response.

Re: Vystar VA min score

Anonymous — Sun, 23 Aug 2009 23:38:02 GMT

@Anonymous wrote:
I just closed on my house about 2 weeks ago. I used my VA and went through Chase. It literally took me 2 weeks from the time I applied to the time I got fully approved by the underwriter. My LO was outstanding, and knowledgeable. Make sure you shop arround. Chase has a 620 minimum for VA. Good luck.

SemperFi,

What area of the country are you in? Would you mind giving me the name of your lending officer? You can PM me if you would prefer to not disclose openly.

Thanks,

BigTrees