Previous Payment History

VA Loans and bad payment history

The VA primarily looks at the last 12 months payment histories of a borrower to determine the risk of a loan. If a borrower with less than perfect credit has kept up with payments and bills for the preceding 12 months, the chance of loan approval can increase dramatically.

If you are looking to buy a house in the near future, taking extra care in paying all bills on time is well worth the effort. Check out similar questions in our FAQ section.