You will find significant differences when considering the 2 programs where credit is worried.
With VA loans, there's no VA imposed credit rating requirement. They might require just that the debtor has credit that is clean the last 12 months, specially in relation to home financing. But, lenders are liberated to impose their credit history minimums, and typically do. Many will require a credit that is minimum of 620, while some may get only 580. A chapter or foreclosure 7 bankruptcy requires no less than 2 yrs through the…