Going through a foreclosure can devastate your credit score. For VA buyers, the good news is the VA loan’s more flexible credit requirements allow qualified Veterans to bounce back significantly faster after a foreclosure than buyers seeking conventional financing.

With a whiteboard and marker, VA loan expert Chris Birk explains some alternatives to foreclosure, seasoning periods and reducing VA loan entitlement.

Time Stamps
0:29 VA Flexible Credit Requirements
0:43 What is Foreclosure
1:01 Foreclosure Alternatives
1:36 Seasoning Period
2:23 Defaulting on FHA Loan
2:32 Comparison to Conventional Mortgage
2:52 Losing a VA Loan to Foreclosure

Watch the entire VA Loan Guide to Homebuying here:    • Everything About VA Loans: A Guide to...  

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