Best VA Loans of 2023

AmeriSave’s VA refinancing options are a cut above most other lenders. The company offers two types of products, each one serving specific purposes.

VA Interest Rate Reduction Refinance Loans (IRRRL), more commonly referred to as Streamline, offer the chance to get better mortgage rates and terms. As opposed to conventional loan refinancing, which generally requires borrowers to repeat the whole homebuying process, Streamlines allows for a simpler approach with little documentation required. No income or employment verifications, bank accounts statements, or even home appraisals are usually needed.

VA Cash-Out Refinance Loans provides the opportunity to access the home’s equity and receive cash for any multitude of purposes. Cash-out refis can be used for debt consolidation, home repairs or improvements, paying for tuition, or unexpected expenses.

Rates for these two refinancing options or for VA purchase loans can be requested via instant quote on AmeriSave’s website, with pre-qualification just a few clicks away.

• Purchase VA loans available to those with at least a 580 credit score
• Cash-Out or Streamline (VA IRRRL) refinance options available
• Zero down payment or monthly PMI
• Disabled veterans may qualify for an exemption from the VA funding fee

Rocket Mortgage is the home financing arm of Quicken Loans, the largest—and one of the most respected—mortgage companies online today. The company offers a wide range of first mortgage and refinance solutions, including government-guaranteed VA loans. Because the company is so well-versed in the myriad of loan options available to homebuyers, it’s a great place to start searching for a mortgage and comparing the advantages of VA versus conventional loans. When applying for a VA loan, it’s important to work with an experienced VA lender and Rocket Mortgage more than qualifies. The company employs a staff of dedicated VA loan officers. Rocket’s parent company regularly makes the list of highest-volume VA lenders.

Rocket Mortgage offers a 100% online mortgage search, application, pre approval, and closing process. Unlike many online mortgage lenders, Rocket Mortgage also services most of the loans it originates. To start the process, you can fill out a form that asks for some basic information about the home you are buying or refinancing and your financial circumstances. Rocket Mortgage’s intake form is a bit lengthier than other forms we have reviewed and the company makes it clear that to proceed, the company will perform a soft credit check that will not affect your credit score.

Rocket Mortgage offers quite a few VA loan choices. You can take out a 15-, 20-, or 30-year fixed mortgage or a 5-year adjustable-rate mortgage through the company. Rocket also stands out for offering VA jumbo loans, something not all VA lenders do. The company does state that jumbo VA loans may not be serviced by Rocket.

Rocket Mortgage has a solid online reputation. The company is rated A+ by the Better Business Bureau and earns a median 3.7 out of 5 stars on Trustpilot with 66% of reviewers giving the company an excellent rating. Reviewers praise the quality of customer service, speed of process, and the transparency Rocket Mortgage offers. Rocket’s website and application process reflects that transparency. The company published daily rates on its site and, in addition, as you walk through the initial application, provides explanations on why you’re asked to answer certain questions. There is an opt-out feature you can use to limit the number of marketing communications you receive, which many people will appreciate.

Rocket Mortgage offers a number of online resources to help educate consumers on the ins and outs of the mortgage market and process. The company publishes multiple articles on VA loans and also offers a variety of calculators to help mortgage seekers estimate how expensive a home they can afford, how much they’ll pay monthly on a mortgage, how much home equity they may be able to access through refinancing, and more. The company’s FAQ section is extremely comprehensive, as well.

It’s easy to see why Rocket Mortgage is one of the most popular lenders for all types of home financing. The excellent online experience it provides, coupled with the company’s experience in VA lending, puts it at the top of our recommended-for-VA loans list.