Which of the following is NOT a requirement to qualify for a VA loan?

To qualify for a VA loan, the requirements include proof of military service, which is established through a Certificate of Eligibility. This certificate verifies that the applicant has served in the active military, naval, or air service. Proof of income is also necessary, as lenders need to ensure that the borrower has the financial means to repay the loan. Additionally, a valid Certificate of Eligibility is mandatory, as it confirms the borrower’s eligibility for the loan benefits associated specifically with veterans.

While having a credit score is an important factor in many types of loans, the VA does not set a minimum credit score requirement. Instead, lenders may have their own policies regarding credit scores, typically looking for scores above a certain level to minimize risk. However, the VA itself does not impose a strict credit score of 620 or any other number as a requirement for loan eligibility. Many veterans and service members may qualify for VA loans with lower credit scores based on other factors such as income and overall financial health. Therefore, the answer indicating that a credit score above 620 is not a requirement for a VA loan is correct.