Can I grasp a VA mortgage even if I'm delinquent on a total of 5 credit cards?
I'm currently in the process of settle-ling my debt. I'm not sure I can get a mortgage via my VA Benefits. the request for information is can I get a mortgage via my VA benefits? if not, will I be capable of get a mortgage once all my debt is settled?
Thank you
Answers:
Highly unlikely. One of the recommendation for getting approved is:
Satisfactory recent credit history: While your credit score is not a determining factor, your credit history for the previous twelve months will be evaluated to ensure that you have a customary history of making timely payments.
You will have to wait at lowest possible 12 months beyond the time you get your debts settled - and given the fact that you are settling 5 different credit cards, possibly longer.
extremely unlikely
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Thank you
Answers:
Highly unlikely. One of the recommendation for getting approved is:
Satisfactory recent credit history: While your credit score is not a determining factor, your credit history for the previous twelve months will be evaluated to ensure that you have a customary history of making timely payments.
You will have to wait at lowest possible 12 months beyond the time you get your debts settled - and given the fact that you are settling 5 different credit cards, possibly longer.
extremely unlikely
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