Comparison411 logo

Best Veteran Affairs Loans

Veteran Affairs Loans systems can benefit your business in many ways, with a number of important features and functions. With COVID-19 constantly changing the rules of the game, the features offered by the latest Veteran Affairs Loans systems can keep you ahead of the competition, so look out for special New Year deals and make sure your business is ready for whatever Veteran Affairs Loans has in store.

Last Updated September 2022

Veterans United banner
  • Minimum Credit Score - 620
  • Minimum Down Payment - $0 for qualifying borrowers
  • Mobile App - Yes
  • Loan Products Offered - VA, USDA, FHA, Conventional, Jumbo, Adjustable-rate and refinance.

Veterans United is a leading VA loan lender focusing on veteran mortgage options. The company offers various VA loan types at reasonable credit score requirements and rates.

Loans under the Veterans United go beyond the normal refinance, purchase, and streamline VA loans. They also extend to VA energy-efficient mortgages and Jumbo VA loans.

Veterans who lack full VA entitlement often face limited borrowing on the total VA loan amount. However, such veterans can opt for the Jumbo VA loans, which is means for those stripped of full entitlement.

The energy-efficient mortgage VA loans are vital for veterans who seek to give their new homes energy-efficient improvements. However, this loan type does not include appliances. It is also worth noting that Veterans United does not offer home equity lines of credit (HELOCs).

Pros

Cons

Veterans United logo
New American Funding banner
#2

New American Funding

  • Minimum Credit Score - 580
  • Minimum Down Payment - 3%
  • Mobile App - Yes

New American Funding is a private mortgage lending company that offers a variety of loan products like VA loans. The company does not require clients to have private mortgage insurance (PMI) and down payments to access the VA mortgage loans. Additionally, clients can roll the refinancing and funding fees into the loan to reduce upfront cash requirements.

New American Funding allows self-employed veterans to use their tax returns or bank statements to access loans. The company has a short closing period of fourteen business days for qualifying loans.

Consequently, New American Funding offers clients whose loans exceed the 14-day closing period a $250 credit boost. The company offers limited online information concerning its credit requirements and fees.

However, New American Funding Company operates in all states except Hawaii. The company also offers in-person branch services limited to thirty-two states.

Pros

Cons

New American Funding logo
Quicken Loans banner
  • Minimum Credit Score - 620
  • Minimum Down Payment - May not need
  • Mobile App - Yes

The Veterans Administration is mandated to regulate VA loans, thus narrowing the product offering window. However, Quicken Loans offers a number of VA loan types, including rate and term refinance, Jumbo loans, cash-in and cash-out refinance, and purchase loans.

The loan application process involves much paperwork. Interestingly, Quicken will always help you throughout the entire process, including documentation tracking. The company also ensures that clients meet all the qualifications before authorizing a VA loan.

The company allows clients to make online applications through email, phone, or chat. Clients are guaranteed a quick pre-qualification period, with feedback given within fourteen days of receiving an application.

Unlike other lending companies, Quicken has a quicker VA loan approval time of forty-six days on average. The company offers a smooth, easy online application for its loans. Additionally, it also has reliable customer service.

Pros

Cons

Quicken Loans logo
Paramount Bank banner
  • Minimum Credit Score - 620
  • Minimum Down Payment - May not need
  • Mobile App - Yes

The Veterans Administration is mandated to regulate VA loans, thus narrowing the product offering window. However, Quicken Loans offers a number of VA loan types, including rate and term refinance, Jumbo loans, cash-in and cash-out refinance, and purchase loans.

The loan application process involves much paperwork. Interestingly, Quicken will always help you throughout the entire process, including documentation tracking. The company also ensures that clients meet all the qualifications before authorizing a VA loan.

The company allows clients to make online applications through email, phone, or chat. Clients are guaranteed a quick pre-qualification period, with feedback given within fourteen days of receiving an application.

Unlike other lending companies, Quicken has a quicker VA loan approval time of forty-six days on average. The company offers a smooth, easy online application for its loans. Additionally, it also has reliable customer service.

Pros

Cons

Paramount Bank logo
AmeriSave  banner
  • Minimum Credit Score - 620 and 580 for FHA and VA loans.
  • Minimum Down Payment - 3%
  • Mobile App - No

Amerisave is a lending company offering standard mortgage products through a simple online application process. The company is reputable for its intuitive application process and quick closings.

Amerisave offers an array of home refinancing options and home loans. Some offered loans include jumbo, conventional, FHA, USDA, VA, and Fannie Mae 3% down payment loans.

The company offers both fixed and adjustable rate mortgages. Fixed-rate loans have a mortgage term of fifteen or thirty years. However, Amerisave also offers 25, 30, and 10- year loans. Adjustable rate loans have a fixed period of five to ten years, after which the rate increases annually.

Amerisave does not offer a home equity line of credits or home equity loans.

Pros

Cons

AmeriSave  logo
Top 5 Veteran Affairs Loans Providers

OUR RATINGS


Our Research Has Helped Millions of Users To Get Lowest Prices From Leading Providers.

Our rating system

Step 1: COMPARE

Compare the best brands side by side

Step 2: CONNECT

Work only with suppliers you choose

STEP 3: SAVE

Compare quotes to save money