Was getting a 2nd quote a mistake?

It shouldn't. VA has their own requirements, but as you learned, many banks have tighter guidelines (we call them lender overlays) that may often result in a decline when a Mortgage lender that specializes in VA loan products may still approve. Your current lender will likely question why you applied at the other bank. Be honest and tell them that you were looking because you were advised to get multiple quotes, but I still want to use you guys.Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, MO, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300.

The good news is that no, the 2nd quote will have no bearing on the first quote. Understand you don't get a VA loan from the VA, you get it from lenders who underwrite to VA guidelines. While all VA lenders start with the VA underwriting guidelines, some lenders add additional requirements to the basic requirements, while others don't. The most common lender overlay is credit score. For example, VA technically allows you to have a pretty low credit score, but most lenders won't go below about 600. I lend in MN WI IA ND SD. Find me at VAMortgageMN.com - Cambria Mortgage, NMLS 274132