What is Veterans United?

Veterans United is a mortgage lender based in Columbia, Missouri, that specializes in VA home loans for veterans, active-duty service members and surviving spouses. Founded in 2002, it has closed more than half a million VA loans and have been the #1 VA purchase lender for nine consecutive years.

Is it hard to get approved by Veterans United?

Not if you meet the basic requirements: a 620 credit score and steady income. Since it specializes in VA loans, you'll also need to meet VA eligibility requirements (service requirements and a Certificate of Eligibility). If your credit needs work, it offers free credit counseling to help you qualify, a service that's helped over 50,000 veterans improve their scores.

Is Veterans United the actual lender?

Yes. Veterans United is a direct mortgage lender licensed to operate in all 50 states. It originates loans rather than acting as a broker.

What types of mortgages can I get through Veterans United?

Veterans United specializes in VA loans (purchase, refinance, cash-out refinance, IRRRL), but it also offers FHA, USDA, conventional and jumbo loans. However, it doesn't directly offer home equity loans or HELOCs. These types of loans are available through its partner, U.S. Bank.

Does Veterans United offer home equity loans or HELOCs?

Not directly. Veterans United partners with U.S. Bank to offer home equity loans and HELOCs. If you're interested in these products, Veterans United does an initial screening and refers you to U.S. Bank. Alternatively, Veterans United directly offers VA cash-out refinances, which allow you to refinance your mortgage and take cash from your home's equity without needing a separate lender.

How long does it take to close with Veterans United?

The average closing time is about 34 days, faster than the national average. Some borrowers close in as little as three weeks, especially with VA loans.

Can I use Veterans United if I'm stationed overseas?

Absolutely. Its 24/7 customer service and fully online/mobile process make itideal for service members stationed internationally. You can upload documents, track your loan progress and communicate with your team from anywhere in the world.

Does Veterans United work with people who have bad credit?

If your credit score is below 620, you won't initially qualify for a loan. However, Veterans United offers free credit counseling to help you improve your score. Its service has helped over 50,000 veterans build their credit and eventually qualify for a home loan.