The Best VA Mortgage Lenders of 2021
Getting a VA mortgage loan is an important decision for many veterans and military service members. With the help of a VA loan, you can purchase a home without the need for a large down payment. To help you make an informed decision, we’ve put together a list of the best VA mortgage lenders of 2021.
Types of VA Loans
VA loans are offered by the U.S. Department of Veterans Affairs and come in two types: purchase and refinance. Purchase loans are intended to help veterans buy a home, while refinance loans can be used to lower an existing mortgage rate or change the loan terms.
Top VA Mortgage Lenders of 2021
1. USAA: USAA is one of the most popular VA loan providers and has been providing mortgage services to veterans and military personnel since 1922. USAA offers competitive rates and low closing costs, making it a great option for veterans and service members.
2. Navy Federal Credit Union: Navy Federal is another popular VA loan provider that offers competitive rates and low closing costs. Navy Federal also offers other services such as financial advice and insurance.
3. Quicken Loans: Quicken Loans is one of the nation’s largest online mortgage lenders and offers VA loans with competitive rates and low closing costs. Quicken Loans also offers other services such as credit monitoring and refinancing.
4. Veterans United Home Loans: Veterans United is a VA-approved lender that has helped over 600,000 veterans and service members purchase or refinance their home. Veterans United offers competitive rates and low closing costs.
5. Veterans First Mortgage: Veterans First Mortgage is a VA-approved lender that offers competitive rates and low closing costs. Veterans First Mortgage also offers other services such as credit counseling and refinancing.
FAQs
Q: What is a VA loan?
A: A VA loan is a mortgage loan provided by the U.S. Department of Veterans Affairs that helps veterans and service members purchase or refinance a home.
Q: Who is eligible for a VA loan?
A: Veterans and active-duty members of the military are eligible for a VA loan.
Q: What are the benefits of a VA loan?
A: VA loans offer competitive rates and low closing costs. Additionally, VA loans do not require a down payment and offer flexible terms.
Q: What are the best VA mortgage lenders?
A: The best VA mortgage lenders are USAA, Navy Federal Credit Union, Quicken Loans, Veterans United Home Loans, and Veterans First Mortgage.