The loan program offers no down payment requirements, refinancing options; no required private mortgage insurance, no set credit minimum and several other cost reducing measures. (vahomeloancenters.org)
Best Egg does have a higher credit minimum, requiring a credit score of 640 or more to qualify. (valuepenguin.com)
Lenders need a more clearly defined benchmark and, no matter the loan type, are going to have credit minimums in order to satisfy underwriters and entities that purchase mortgages on the secondary market. (veteransunited.com)