Is there a minimum credit score for the VA streamline refinance in Florida? It depends who you ask – and no, I am not kidding.
You see, officially speaking – the VA/FHA streamline refinance programs have no officially credit score requirements. Ok, so now that you see that — before you think that there is no credit score requirements for VA streamline refinances…
Some lenders do require that you have a minimum credit score.
Some lenders require a 620 for the VA streamline refinance program.
Some lenders require a 640 for the VA streamline refinance program.
And some lenders still do not have a credit score requirement for the VA streamline refinance program.
To make it somewhat even more confusing, these guidelines are changing all the time and can change at any time in the future. So if you have been told by a loan officer that there are “new” credit score requirements for the VA streamline refinance program – he isn’t lying — it is true that his employer or maybe the lenders that he uses have recently started requiring a minimum credit score on all VA streamline refinance loans, but it doesn’t mean that they all have.
So if you have been told that there are minimum credit score requirements for the VA streamline refinance program, be sure to shop at least a handful of lenders who can help you.
