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Veterans United is a top lender for VA loans and provides other government-backed loans like FHA and USDA. But the lender doesn’t offer home equity products. And if you prefer in-person support, it only has branches in 18 states.
Loan products offered | Conventional, FHA, VA, USDA, Jumbo, Refinance |
---|---|
Minimum credit score | Conventional: 640 Jumbo: 640 VA: 640 |
Minimum down payment | 3.5% |
State availability | Available in all states |
NMLS # | 1907 |
The borrowing requirements for Veterans United depend on the kind of loan you apply for.
To qualify for a VA loan, you’ll need a credit score of at least 640 and you must be an active or veteran service member or qualified family member.
Non-service members can apply for other loans through Veterans United, but other government-backed loans can require specific qualifications like income, credit score and residence in a specific region.
Fees depend on the kind of loan you have, but some typical costs you can expect include:
To apply for a mortgage with Veterans united, begin by applying for prequalification online:
Other home loan options include refinancing to lower your monthly payments by taking advantage of lower interest rates.
Veterans United stands out from other lenders for its focus on serving the military community. But borrowers not looking for VA loans won’t find any home equity or specialty mortgage products to choose from.
As of March 2021, Veterans United has an A+ rating with the Better Business Bureau (BBB) for closing 74 customer complaints in the last three years. VU also rates 4.71 out of 5 stars with 1,314 BBB reviews.
There are 6,373 reviews on TrustPilot, where Veterans United has 4.9 stars out of 5. Reviews praised Veterans United for creating an easy experience for clients to reach their goals.
Veterans United started in 2002 with a focus on VA loans. This niche lender not only helps military service members and their families qualify for VA loans, but it employs professionals primarily from the military. In 2017, J.D. Power gave VU the highest score in customer satisfaction out of 25 lenders, with customers citing friendly, helpful and attentive staff.
The lender’s charitable foundation is celebrating its 10-year anniversary in 2021, after distributing over $87 million in donations to military and community-based charities. The foundation is funded by the lender, its affiliated companies and VU employees, who generally give back an average of one percent of their paychecks each month.
Review by
Heather Petty is a writer at Finder specializing in banking, investments and insurance. She's a self-proclaimed word nerd who worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. Heather earned a bachelor’s degree in English from the University of Nevada, Reno.
Veterans United is a niche lender that’s good for military service members and their families. It’s a certified VA lender, and its customer service is well-rated.
However, if you don’t qualify for a VA loan, Veterans United doesn’t offer much information on the rates and fees for any of its other mortgage products. And the lender doesn’t offer home equity loans or lines of credit.