That’s nearly 20,000 people who now have an excuse to set up their own home front battlestations. This could take anywhere from a couple of months to more than a year.Īs of this writing, nearly 20,000 people have successfully purchased a home after engaging Lighthouse Program assistance. What VU does, then, is take someone who is unable to prequalify for a VA home loan and help them unfuck their finances. But even the 620 score benchmark that’s common among VA lenders can be difficult to hit for some veterans, service members and military families.” VA loans have more flexible and forgiving credit score requirements than other loans types. But each of those can inflict major damage on your credit score and make the road to loan approval more difficult. None of this automatically precludes you from obtaining a mortgage. Others may have fallen behind on credit card or mortgage payments. Some prospective borrowers might have a bankruptcy or foreclosure in their past. “Military service can cause unique financial strains.
The company explains the background thusly: The program essentially a focused and individualized assistance program for qualifying veterans (and family members) attempting to purchase a home. 1 Veterans United Lighthouse Program An ISR Overview The Lighthouse Program works in almost any clime.
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