VA Lenders

In order to qualify for a VA loan, the minimum service requirements established by the Department of Veterans Affairs (VA) must be met by you or your spouse. You must also have a valid Certificate of Eligibility (COE) and satisfy the credit and income criteria of the lender. There are several ways to meet eligibility requirements, such as serving 90 consecutive days of active duty during wartime, serving 181 days of active service during peacetime, having 6 years of service in the National Guard or Reserves, or being the spouse of a service member who died in the line of duty or due to a service-related disability. 

Even if you do not meet the minimum service requirements, you may still be eligible, depending on your discharge type. Lenders need a COE to verify if a veteran meets the minimum service requirements, and the process can be done by applying through a VA approved lender, applying online through the VA’s eBenefits portal, or by mail with VA Form 26-1880. Surviving spouses must also obtain a COE to utilize their VA loan benefits. While the VA determines eligibility requirements, private lenders have additional requirements such as reliable income, acceptable levels of debt, and a credit score that meets the lender's credit requirements.

Finding the right VA lender is crucial when seeking a VA home loan. Here are some reputable VA lenders to consider:

1. Veterans United Home Loans: Veterans United specializes in VA loans and is dedicated to serving military members, veterans, and their families. They offer competitive rates, personalized service, and a streamlined application process.

2. USAA: USAA is a financial services company that caters to military members and their families. They offer VA loans with competitive rates, flexible terms, and excellent customer service tailored to the unique needs of military borrowers.

3. Navy Federal Credit Union: Navy Federal is the largest credit union in the United States serving military members, veterans, and their families. They offer VA loans with low rates, no down payment options, and personalized service from experienced loan officers.

4. Quicken Loans/Rocket Mortgage: Rocket Mortgage is known for its digital mortgage platform and fast loan approval process. They offer VA loans with competitive rates, customizable terms, and a convenient online application process.

5. PenFed Credit Union: PenFed offers a variety of mortgage options, including VA loans, to military members, veterans, and their families. They provide competitive rates, no down payment options, and personalized service from dedicated loan officers.

6. NewDay USA: NewDay USA specializes in VA loans and is committed to serving military borrowers. They offer competitive rates, no down payment options, and personalized support from loan specialists with expertise in VA loans.

7. Veterans First Mortgage: Veterans First Mortgage focuses on helping military borrowers achieve homeownership with VA loans. They offer competitive rates, flexible terms, and personalized service from experienced loan officers.

When choosing a VA lender, it's important to compare rates, fees, and customer reviews to find a lender that meets your needs. Additionally, consider factors such as loan officer expertise, responsiveness, and the lender's reputation within the military community. By doing your research and comparing multiple lenders, you can find the best VA lender for your home financing needs.