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VA Loans Bad Credit OK
If you are in the military or a retired veteran, you have a unique opportunity to get the lowest VA loan rates of the generation on a government guaranteed mortgage. Even if you have low fico scores, you may qualify for a VA loan with bad credit. The fact is that U.S. military still guarantees bad credit VA mortgage programs for borrowers that have other compensating factors. There is no minimum credit score with bad credit VA loans, so complete the form now and get a free quote with obligation. That means that the Department of Veterans Affairs will guaranteed all loans with VA eligibility regardless of the borrower's credit score. If you have a military background you may still qualify for a VA home loan with bad credit scores.
It's a great time for home buying because home prices have fallen, and VA loan rates have fallen to 2.625% on 15-year terms and 3.125% on 30-year loans. If you are looking for a no cost VA loan at a great interest rate, we can help. If you are looking for a VA loan with bad credit, our lenders have solutions that may best help your situation.
VA Loan Rates Have Fallen to a Record Low on 30-Year Mortgages
Do you have poor credit scores or late payments that have hindered your qualifications when submitting your loan application in the past? If you have a military background, chances are your VA loan eligibility is available and you may in fact qualify for bad credit loan with a great VA interest rates. You see the VA is not prejudice against borrowers with less than perfect credit like how traditional lenders are. Loose credit guidelines and affordable VA rates are two significant benefits that come along with military financing. Please submit your request for more info by completing the form below and get a free VA loan rate quote before with no obligation.
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BD Nationwide proudly introduces consumers to brokers and lenders that provide free quotes to borrowers who are interested in military financing boasting of competitive VA loan programs. Rates and VA loan programs are subject to change without notice. To qualify for a VA loan with bad credit, you must have VA loan eligibility as outlined by the Veterans Affairs office in Washington DC. If you do not meet the VA requirements, look into other potential home loans for people with bad credit.
VA Loan Rate Disclosure *The 3.125% rate quoted above was an example of a 30-year fixed $220,000 loan amount is $942.43 a month. (2-12-13) There is $1,495 in closing cost for this program and the APR is 3.33%. The 2.625% rate quoted above was an example of a 15-year fixed $220,000 loan amount is $1,479.92 a month. (2-12-13) There is $1,495 in closing cost for this program and the APR is 2.84%.
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VA Loan Testimonials |

"After getting the run-around from several loan companies, we were referred to Nationwide because they specialized in military refinancing. We locked into the best VA loan rates and they closed our refi in less than thirty days." The Palmers
"We were late on some bills a few years ago and several bank rejected our loan applications. BD Nationwide helped us find some lenders that offered bad credit VA loans with great interest rates. We were approved and our loan closed quickly. Thank You for all your help! "
The Sullivans
No Down Payment Home Loans with VA – Military applicants are in a great position to finance a home with down-payment. That also means that VA borrowers may be eligible for a loan with no deposit either.
VA Loan with Bad Credit - Find out how many VA borrowers have qualified for bad credit VA mortgages. |
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