This form is presented by Mortgage Research Center, LLC d/b/a Veterans United Home Loans; Mortgage Research Center, LLC - NMLS #1907 (www.nmlsconsumeraccess.org). Not affiliated with the Dept. of Veterans Affairs or any government agency. Not available in NY. 1400 Forum Blvd., Columbia, MO 65203. Equal Housing Lender
Find the right VA Lender for your homebuying journey. Compare your options using data from the Department of Veterans Affairs, Better Business Bureau and customer reviews.
Veterans United Home Loans is the nation's #1 VA Lender 4 and has received over 250,000 five-star reviews from Veterans and military families. Veterans United offers a credit consulting service for homebuyers at no cost.
Navy Federal is a top VA Lender that helps service members take advantage of the benefits they’ve earned. Navy Federal has grown to over 12 million members since its founding in 1933.
USAA has 100+ years of experience serving military members and has closed over 1 million home loans. USAA has a wide array of financing options available to borrowers. Membership not required for loan inquiry.
Fairway Independent Mortgage opened its doors in 1996 and has over 750 branch and satellite locations nationwide. Fairway is dedicated to customer service and has helped thousands of Americans achieve homeownership.
Rocket Mortgage’s goal is to make home financing simpler through innovative technology and amazing team members. Rocket provides a custom homebuying experience and allows clients to set their own time and place for closing.
DHI Mortgage offers programs to help credit-challenged homebuyers. DHI has personal credit consultants who create credit-improving strategies and can provide budgeting assistance to maintain creditworthiness.
Movement Mortgage makes the mortgage process faster and more convenient with online tools. Movement allows you to sign documents from your phone, cutting down on paperwork and saving time.
Caliber Home Loans streamlines the mortgage process with lending technology, including a mobile app to keep you connected throughout loan approval. Caliber's loan consultants offer personalized guidance and support.
CrossCountry Mortgage helps borrowers close on their home in an average of 21 days. CrossCountry provides a transparent mortgage experience and is one of the fastest growing retail mortgage lenders.
Guaranteed Rate Inc brings low rates and high levels of service to every customer by simplifying the process, hiring the best and using cutting-edge tech. Guaranteed Rate allows homebuyers to apply online from anywhere in less than 15 minutes.
Freedom Mortgage is a top mortgage lender that has helped millions of Americans achieve homeownership and financial betterment. Freedom family founded and operated since 1990.
Pennymac is guided by three core values: be Accountable, Reliable, and Ethical. Pennymac puts their customers first and helps Americans achieve and sustain their homeownership dreams.
Rocket Mortgage’s goal is to make home financing simpler through innovative technology and amazing team members. Rocket provides a custom homebuying experience and allows clients to set their own time and place for closing.
Lakeview Loan Servicing is the fourth largest mortgage loan servicer in the country, helping 1.4 million customer per year. Lakeview has an in-house team of mortgage loan experts who assist customers with new home financing.
Navy Federal is a top VA Lender that helps service members take advantage of the benefits they’ve earned. Navy Federal has grown to over 12 million members since its founding in 1933.
USAA has 100+ years of experience serving military members and has closed over 1 million home loans. USAA has a wide array of financing options available to borrowers. Membership not required for loan inquiry.
Veterans United Home Loans is the nation's #1 VA Lender 4 and has received over 250,000 five-star reviews from Veterans and military families. Veterans United offers a credit consulting service for homebuyers at no cost.
Village Capital & Investments LLC is experienced and efficient when it comes to VA Loans. Village Capital serves homebuyers and homeowners by helping them get good terms with specialized mortgage products.
Nationstar Mortgage (dba Mr. Cooper) allows borrowers to easily make monthly payments, check their FICO® Score and access important documents through a secure, award-winning app. Nationstar's home advisor team is 100% U.S. based.
Rocket Mortgage’s goal is to make home financing simpler through innovative technology and amazing team members. Rocket provides a custom homebuying experience and allows clients to set their own time and place for closing.
Freedom Mortgage is a top mortgage lender that has helped millions of Americans achieve homeownership and financial betterment. Freedom family founded and operated since 1990.
Navy Federal is a top VA Lender that helps service members take advantage of the benefits they’ve earned. Navy Federal has grown to over 12 million members since its founding in 1933.
NewDay USA has been a leader in Veteran mortgage lending for over 20 years. NewDay offers 5-star support and has a dedicated homebuying team that's available anytime.
loanDepot is licensed in all 50 states and offers a wide variety of loan products. loanDepot uses a tech-enabled lending platform for easy, secure processing and hassle-free transactions.
Pennymac is guided by three core values: be Accountable, Reliable, and Ethical. Pennymac puts their customers first and helps Americans achieve and sustain their homeownership dreams.
Veterans United Home Loans is the nation's #1 VA Lender 4 and has received over 250,000 five-star reviews from Veterans and military families. Veterans United offers a credit consulting service for homebuyers at no cost.
Federal Savings Bank is Veteran founded, owned and operated. Federal Savings has nationwide lending power and specializes in end-to-end custom home lending solutions for homebuyers.
Nationstar Mortgage (dba Mr. Cooper) allows borrowers to easily make monthly payments, check their FICO® Score and access important documents through a secure, award-winning app. Nationstar's home advisor team is 100% U.S. based.
AmeriSave Mortgage has 20+ years of experience, is licensed in 49 states and has financed over 664,000 borrowers. AmeriSave offers competitive interest rates and no loan origination fees for VA Loans.
A VA loan is a benefit that is available to active military members, Veterans, and surviving spouses who meet the minimum service requirements set forth by the U.S. Department of Veterans Affairs (VA). These mortgage loans, which are only available for primary residences, are backed by the VA and issued by private lenders. The VA provides protection to lenders by guaranteeing it will repay all or part of the loan if the borrower defaults. In exchange, lenders are able to offer competitive interest rates and allow borrowers to purchase a home with no down payment.
While the VA sets minimum service requirements, borrowers also need to meet the lender’s requirements. This may include a minimum credit score, maximum debt-to-income (DTI) ratio, and the ability to demonstrate a reliable monthly income. These requirements often vary from one lender to the next, making it important to compare options.
There are no minimum or maximum income requirements for VA loan eligibility. However, the VA requires borrowers to have a specified amount of income left over each month after paying for all major expenses. This helps ensure that borrowers will have sufficient income to cover basic costs such as medical care, transportation, and food and have some funds left over to cover emergencies.
There are three primary types of VA loans available to purchase or refinance a primary residence. A purchase loan can be used to buy an existing home, construct a new home, or make energy-efficient upgrades to an existing home that is the borrower's primary residence.
Current VA borrowers may be able to refinance with a VA-backed interest rate reduction refinance loan (IRRRL). This is used to lower interest rates and/or monthly payments, to switch from a variable to a fixed-rate loan, or both. A borrower with equity in their home might also consider a VA cash-out refinance loan, which allows the borrower to access a lump sum of cash that can be used for a variety of purposes including home improvements, education expenses, debt pay-off, or other purchases.
Since each lender can set its own guidelines, it’s often a good idea to shop around for a lender that meets your specific financial needs. When comparing lenders, start by checking their minimum requirements regarding down payment, credit score, and DTI ratio as well as the interest rates they offer. Take careful notes, as it might be possible to use one lender’s rates to negotiate a better rate with other lenders.
It's also important to make sure the lender has experience processing VA loans and has a reputation for providing quality service and ensuring customer satisfaction.
Your VA interest rate can impact your monthly payments, which in turn may determine the type of home you can afford. The higher your interest rate, the more you’ll pay over the life of your loan, so it’s important to do what you can to get the best possible rate. The best way to get the lowest interest rate is to ensure your finances are in check. The higher your credit score is, and the lower your DTI ratio is, the better chance you have at securing the best possible VA interest rate.
* The top ten consumer-facing lenders are displayed according to loan volume as reported by the Department of Veterans Affairs (FY 2022 Lender Loan Volume).
Customer Ratings: Customer Ratings based on ratings and reviews provided by Trustpilot. VALoans.com is not affiliated with Trustpilot and has no control or influence on how users rate each lender; Trustpilot reviews may reflect customer experiences related to non-mortgage products.
1 IRRRL: A VA Interest Rate Reduction Refinance Loan (IRRRL) can be used to refinance an existing VA loan to lower the interest rate.
2 Better Business Bureau: BBB Rating, accreditation, review, and complaint data are provided by the Better Business Bureau. VALoans.com is not affiliated with the Better Business Bureau and has no control or influence over the information provided.
3 2022 VA Loans: Total VA loan volume for fiscal year 2022 as reported by the Department of Veterans Affairs (FY 2022 Lender Loan Volume).
4 #1 VA Lender: Veterans United Home Loans provided more VA Home Loans by volume than any other lender as of June 2022. Top VA Purchase Lender in FY 2016, 2017, 2018, 2019, 2020 and 2021. Source: Department of Veterans Affairs Lender Statistics.
↑ Back to Top
Veterans United Home Loans is a VA approved lender; Mortgage Research Center, LLC – NMLS #1907 (www.nmlsconsumeraccess.org). Not affiliated with the Dept. of Veterans Affairs or any government agency. Not available in NV or NY. 1400 Forum Blvd., Columbia, MO 65203. Equal Housing Lender
