As a Veteran, you are eligible for many benefits provided by the government. These benefits are designed to help you in several ways, including your education, health, and overall well-being.

VA loans offer excellent terms and low rates for qualified veterans and current military service members. The Department of Veterans Affairs backs this loan, providing significant benefits for those who have served our country.

Some of its benefits include no down payment, no private mortgage insurance, and low-interest rates. You might be eligible for this loan if you are a veteran or current military service member. However, your application might still be denied even if you think you qualify for such a benefit.

It can be frustrating when you are turned down for a loan. But if you take the time to understand the requirements for getting one, you can lessen your frustration and increase your chances of being approved on your next application.

Here are some pointers:

Application Errors

One common reason for VA loans to be declined is an error on the application. It can be a simple mistake, such as a typo, or something more serious, such as providing inaccurate information.

It is vital to remember that lenders cannot issue loans unless they are sure that your personal and financial details are correct. If you plan on applying for one, you must ensure that all your information is up-to-date and accurate.

If you are applying for any loan, it is vital to double-check your application before submitting it. Even a tiny mistake could lead to your loan being declined. If you are unsure about something on the application, be sure to ask a loan officer or other expert for help. If your loan is denied due to an error on your application, do not despair because you might still be able to resubmit your application.

If you take the time to ensure your personal and financial information is accurate, you will be in a much better position when applying for a loan. Lenders will be more likely to approve your loan, and you will get the best possible interest rate.

Credit Score Changes

VA loans are very generous when it comes to credit score qualifications. Many lenders approve a VA loan with a credit score as low as 620. However, loan underwriters prefer to see credit scores stay the same during the loan process.
If your credit score starts to dip during the loan process, it is necessary to take steps to improve it. Otherwise, you may risk having your loan denied or your interest rate increase.

There are some tricks you can do to improve it:

First, ensure you are paying all of your bills on time. It includes your mortgage, credit cards, car payments, etc.

Second, try to keep your balances low. It means your credit card balances, student loan payments, etc.

Third, if you have any collections or late payments, work on getting them removed from your credit report. Finally, only apply for new credit cards or loans during the loan process. It can hurt your credit and make it harder to get approved for a VA loan.


There are some vital pointers to improve your chances of getting approved for a loan. First, ensure you have a good credit score. Second, be prepared to provide documentation of your income and assets. By following these tips, you should be able to get approved for a loan.

If you are looking for a reputable firm that offers VA loans, you do not have to look far because Total Lending Concepts has your back. We are more than proud to serve our veterans, and to show our appreciation; we will help you in every step of your application. Contact us today to learn more.