Documents you will need. You can download the guide to the main supporting documents from UKVI here. A detailed overview of the types of documentation expected with a Tier 4 (General) student application can be found here.
Letâs try to put that 620 score minimum into perspective. Thereâs a common misconception that you need great or even perfect credit for a VA loan. Check out where a 620 score typically falls in the grand scheme of credit scoring:
FHA loans: Like VA loans, FHA loans are backed by the federal government. Thereâs no credit score minimum, but most FHA lenders prefer a score of at least 620. In 2014, some lenders theoretically dropped their minimum score to 580, but lenders have generally set higher standards since the mortgage meltdown. Successful FHA borrowers typically have higher scores. The average credit score for all FHA purchases in 2014 was 684, which is well above the minimum 580 score. FHA loans also require a down payment of 3.5 percent, as well as both an up-front mortgage insurance premium and monthly mortgage insurance, which now runs for the life of the loan.