A few bumps or bruises on your credit history should not be an obstacle to getting a home loan.

Have a lower credit score? No problem.

• FHA Loans
  FHA Loans offer very flexible qualifying requirements. In fact, FICO scores as low as 550 can be eligible with a 10% down payment.
• USDA Loans
  FICO scores as low as 620 can be eligible for USDA Loans, which include 100% financing, and they allow gift funds to cover closing costs.
• VA Loans
  If you’re eligible for VA benefits, you could qualify for a VA Home Loan with a FICO score as low as 550. It also comes with 100% financing and no private mortgage insurance requirement.

NOVA Home Loans Credit Services could help improve your credit score, which may save you money and help you get a better home loan.

Since 2016, we’ve helped over 20,790 borrowers get approved for a home loan—borrowers who otherwise might not have qualified. This FREE service is available to everyone who applies for a loan with NOVA.

• We’ll evaluate your credit and provide recommendations that could potentially improve your credit score.
• We’ll help dispute or correct inaccurate data in your credit report.
• We’ll show you how to maintain higher scores in the future.
• Improved credit gives you access to more loan options.

Had a significant, negative credit event? We can help with that, too.

If you’ve had an unexpected or unplanned financial event that seriously affected your credit, our NOVA Credit Services Professionals can help.

• Four months from the exact date of the event Credit Services will do a soft pull on your credit to make sure everything was reported accurately.
• This will help prevent additional time being added to your credit recovery.
• Credit Services will work with you and the credit bureaus to get your credit realigned so you can apply and qualify for a home loan.

Depending on the type of loan you want, and the type of occurrence you had, below are the standard wait times before you can apply.*

OCCURRENCE	FHA	VA	USDA RURAL
FORECLOSURE	3 years from Trust Deed Date	2 years from Trust Deed Date	3 years from Trust Deed Date
SHORT-SALE	3 years from Transfer of Title Date	No time frame with AUS Approval	3 years from Date of Application
CH. 7 BANKRUPTCY	2 years from Discharge Date	2 years from Discharge Date	3 years from Date of Application
CH. 13 BANKRUPTCY	1 year of the payout must elapse & payment performance must be satisfactory. Buyer must receive permission from the court to enter into a mortgage.

*This is for informational and credit educational purposes only and is not an advertisement to offer or extend credit, nor is this a guaranty of loan approval or commitment to lend. NOVA® Home Loans does not guarantee results. Improvement to your credit score is dependent on your specific situation and financial behavior.

Contact a NOVA Loan Officer to connect with NOVA Credit Services. We’re ready to help.

The Program information shown is for informational/educational purposes only and does not represent a commitment to lend or extend credit. Other terms and conditions may apply. Contact your Loan Officer for more details.