On Q Financial, LLC Offers More Opportunities for First Time and Veteran Buyers

If you’ve recently considered an FHA or VA loan, you may want to revisit our requirements. We at On Q Financial, LLC are proud to announce we are making our mortgages even more accessible by reducing our FICO credit score requirements to 530!

We believe in making the dream of homeownership a reality for everyone, and by reducing our requirements, we are ensuring more borrowers have a chance to qualify. Don’t let previous home loan denials hold you back. Now is the time to speak with our expert Mortgage Consultants to see if you now qualify.

Reach Out Today to Learn More

What are FHA and VA Loans?

FHA and VA loans are generally more accessible than conventional loans as they come with less strict requirements and are backed by government agencies. These government-backed loans typically have expanded debt-to-income minimums and lower loan-to-value and FICO requirements.

These programs are specialized to help working families secure their dream homes, and we are proud to be making these programs even more inclusive. Here’s a breakdown of the two:

FHA Loans


These loans are for primary residences, meaning you will occupy the home as your primary residence. FHA loans are excellent for first-time homebuyers as the guidelines are less stringent, and borrowers who already have an FHA loan could refinance with today’s lower rates.

VA Loans


Backed by the Veterans Affairs department, VA loans are only available to active duty military and veterans. These loans have limits on fees and don’t require mortgage insurance, making them a great choice if you qualify.

Who Is Eligible Now?

Anyone with a FICO score of 530 and above is eligible to apply. If you recently applied for a loan but were denied based on your score, we encourage you to speak with an expert On Q Financial, LLC Mortgage Consultant to determine if you might qualify under the new minimums.

If you want to improve your chances of getting approved, we recommend having a debt-to-income ratio below 50% for an automated underwriting approval and a loan-to-value up to 90% for FICO scores between 530 to 579.

The best way to know if you are eligible is to get preapproved. It’s simple, free, and no obligation!

Reach Out Today to Learn More

What Type of Home Applies?

Your dream home has an impact on the type of loan available to you. Keep in mind these guidelines when shopping for your new house.


  • 1-4 Unit Properties
  • Planned Urban Development
  • Condominium (in FHA approved projects) and site-condos
  • Modular Homes – off frame
  • Manufactured Homes


  • 1-4 Unit Properties
  • Detached
  • Planned Urban Developments
  • VA Approved condominiums
  • Manufactured Homes
  • Modular Homes

Make the Dream of Homeownership a Reality

FHA and VA loans are perfect for families, whether you’re a first-time, active duty military, or veteran home buyer. With our reduced FICO qualifying guidelines, these programs are even more accessible. At On Q Financial, LLC, inclusivity drives every decision we make, and we are proud to offer our services to even more families!

Do not hesitate to reach out with any questions. Our expert On Q Financial, LLC Mortgage Consultants are ready with answers. You can also check out our other blogs and pages to learn more about the mortgage process.

Ready to See if You Qualify?

*Programs are subject to change without notice. Underwriting terms and conditions apply. Loan approval is subject to the applicant’s qualification for a loan program. On Q Financial, LLC does not guarantee that each applicant will receive a loan. FICO credit score requirements apply based on borrower eligibility. On Q Financial, LLC0426210681Y00000CyM3V