Not exact matches
Qualification
guidelines are less
restrictive, so a VA - approved lender can be more flexible in evaluating criteria such as
credit scores, bankruptcy or foreclosure waiting periods, and debt - to - income ratios
So if your
credit scores are south of 700 and you have a small down payment, if you are shopping in a high - cost area where FHA has the highest loan limits, or if you're buying in Florida or want a manufactured home, FHA's less
restrictive guidelines may make it your best choice.
Credit guidelines not as
restrictive as most conventional products.