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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 17 states.
Conventional: 620
FHA: 620
VA: 620
Minimum credit score
0%
Minimum down payment (Conventional)
Available in all states
State availability
Loan products offered | Conventional, FHA, VA, USDA, Jumbo, Refinance |
---|---|
Minimum credit score | Conventional: 620 FHA: 620 VA: 620 |
Minimum down payment (VA) | 0% |
State availability | Available in all states |
NMLS # | 1907 |
Review by
Heather Petty is a personal finance writer at Finder, specializing in home and personal loans. After falling victim to a disreputable mortgage broker when buying her first home, she’s on a mission to help readers avoid similar experiences when managing their own finances. A self-proclaimed word nerd, her writing and analysis has been featured on MSN, Credit.com and MediaFeed, among other top media. Heather previously worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. She earned a BA in English with a minor in journalism 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.
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 620 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.
As of August 2022, Veterans United has an A+ rating with the Better Business Bureau (BBB) for closing 131 customer complaints in the last three years. VU also rates 4.82 out of 5 stars with 2,150 BBB reviews.
There are 9,109 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. 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.
Veterans United stands out from other lenders for its focus on serving the military community. But borrowers won’t find any home equity or specialty mortgage products to choose from.
Homeowners looking for home equity loans or lines of credit may consider U.S. Bank for no closing costs and an interest rate discount for customers who allow automatic payments. And New American Funding offers a wide variety of mortgage products with customizable loans and consideration for borrowers who can’t qualify for traditional loans.
Regardless of what’s most important to you, comparing lenders is the best way to ensure you find the right mortgage for you. Start your search using the lenders and lender marketplaces below. Select See rates next to the company you’re interested in to provide your basic property and financial details for personalized rates.
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