My husband and I are currently on the market for a house. The Bank has already qualified for $ 166,000 to VA loans, but the duplex unit, which we have found is $ 140,000. We have our credit application has been submitted, based on “flat credit history, which means that we had not denied credit long enough to trust the Navy Federal Credit Union. The loan we have is very good. We currently have no debt . I think a loan application recommended by another bank, such as the Federal Navy.

If we were to approve another bank?

The magic words are underwriting MANUAL. This is the old method of actually looking at your finances rather than just your FICO score. If your description of your credit history is correct, you need to be approved by a person who really believed the approval process applies.

Regard to common sense: Who has spoken to a VA loan. Just because she asked the Navy Federal Credit Union does not mean that they apply for a loan from VA. Even if they are eligible for VA loans, it does not mean VA loan is the best solution.

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