VA IRRRL With No Credit Check Required

Have you recently spoken with a lender who told you they would have to check your credit for the VA IRRRL program? Have you seen something recently that said a minimum credit score was required for the VA IRRRL? Or maybe something that said no appraisal required ?

You are not alone.

Many people have questions about credit score requirements for the VA IRRRL program.

VA Streamline Refinance: No Credit Check Required

Many people who currently have a VA loan like the VA IRRRL program because it has less documentation than a traditional full-document VA refinance. The VA IRRRL is sometimes called a VA streamline refinance because of the streamlined documentation process.

According to the VA guidelines, no credit check is required BUT some lenders will require that a credit check is done and a minimum credit score applies. When looking at the credit scores, the low mid credit score is what they look for each borrower has 3 credit scores and the borrower with the lowest mid score is the one that counts.

If a lender requires a credit check and you are worried about not meeting the minimum requirements, then you have options and the best option is to simply shop for a different lender who doesn t require a minimum credit score for a VA IRRRL.

When you shop for a different VA approved lender, you may be surprised to learn how different each lender can be to work with. Some lenders are slow, some are fast. Some are big, some are small. Some have great rates, some don t.

Shopping for a different VA lender is easy, and free rate quotes from an approved VA lender should never cost money.

Having trouble with your current lender requiring an appraisal on a VA IRRRL loan? Start right here by shopping for a new lender who doesn t require an appraisal or credit check for a VA IRRRL today.