With industry-low interest rates, VA loans are an excellent way for veterans to realize the American dream of homeownership. However, millions of eligible veterans are still renting, in large part due to longstanding myths and misconceptions about VA loans. According to Zillow, there are four common myths that keep vets from taking advantage of this hard-earned benefit granted to them by the GI Bill of 1944. One of those misconceptions is that an excellent credit score is needed to qualify. The truth is a fair FICO score of 620 is all that’s needed in most cases to qualify for a VA mortgage loan.

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