There has been quite a bit of confusion lately as to whether or not the VA streamline refinance program requires a minimum credit score.

For years – and even today – the VA does not require that  a Veteran has a minimum credit score, but something in the last year has changed — some lenders are starting to require a minimum credit score.

And as you know, VA doesn’t actually lend you the money to buy a home, they only insure the loan. So if the actual lender that is lending you the money starts to have a minimum credit score requirement, then effectively what it does is put a minimum credit score requirement in place.

However, remember that each lender is different. If one particular lender requires a minimum credit score on a VA streamline refinance, it doesn’t mean that all lenders are, so be sure to shop around. If your loan officer tells you that he can’t help you with a VA streamline because your credit score doesn’t meet his minimum requirements, be sure to ask him if he knows of any other loan officers or lenders who can help you even if he can’t.

And because not all lenders are requiring a minimum credit score on a VA streamline refinance, you might be pleasantly surprised when he knows of a lender who can help you!