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Best VA Loans of 2022

For those who qualify, VA loans provide some of the most lenient lending parameters on the market. After carefully evaluating and comparing each lender’s terms, rates, and services, our editors have selected the best VA loan providers in the US.

Last Updated: June, 2022
Money's Partners
Money's Recommendation
  • Best for $0 Down VA Loan Homebuyers
  • #1 VA Lender for Homebuyers for Past Five Years (Source: Department of Veterans Affairs Lender Statistics)
  • VA Lender Recommended by 98% of Veteran & Military Family Customers -300,000+ Satisfied Borrowers
  • Get Preapproved Fast with 24/7 Access and Instant Uploads
  • Best for Customer Support
  • Dedicated VA mortgage bankers to guide you through the process
  • Finance up to 100% of the loan
  • eClosing allows customers to close electronically
  • VA purchase, jumbo, and refinance loans available

Money's Top Picks

  • As the nation’s leading VA loan originator. Veteran’s United has a strong commitment towards helping eligible veterans and military members reach their home ownership goals. With this in mind, the company provides the necessary tools and guidance to assist repeat or first-time home buyers in completing their purchase or refinance. Veteran’s United offers a long list of VA loan products, including:

     
    • 30- and 15-year fixed purchase loans
    • 30- and 15-year Streamline (Interest Rate Reduction Refinancing Loan)
    • 30- and 15-year Cash-Out
    • 30-year fixed Jumbo purchase, Jumbo Streamline, or Jumbo Cash-Out

    An essential aspect of VA loans are the eligibility requirements, not only from the lender, but from the VA itself. Customers can check to see if they meet qualifications by answering a few simple questions. Customers can even contact one of Veteran United’s loan specialist who can help getting the required Certificate of Eligibility (COE) to proceed with a VA loan.

    The website’s vast collection of online resources sets Veteran’s United apart from other VA lenders. It boasts a variety of educational videos, articles, how-to guides, and calculators which serve as a powerful learning tool for any borrower but are especially handy for first-timers.

    Another way Veterans United lends a hand is through its Lighthouse Program, a free, no-obligation service that’s available for service members who cannot get prequalified for a VA loan. Lighthouse credit consultants can go over your finances and help correct credit report mistakes as well as developing long-term strategies to strengthen your credit profile and reduce debt.

    • Largest originator of VA loans in the country
    • Zero down payment required
    • Competitive rates and terms
    • Comprehensive educational tools and online resources
  • Quicken Loans is the nation’s largest mortgage originator and one the largest for VA loans. Borrowers looking to purchase or refinance with a VA loan will have no trouble finding a suitable option.

    Among the products offered by Quicken Loans are 30- and 15-year fixed rate VA loans as well as Jumbo VA loans. Customers can either apply online through Rocket Mortgage or fill out a short form to receive a call from a Quicken home loan expert to determine what the best option is for your situation.

     

    Borrowers need to meet certain qualifications to be eligible for a VA loan, including:

    • Having a Certificate of Eligibility (COE), issued by the VA for members who meet service guidelines. (Quicken Loans can apply for the certificate if you haven’t done so yet.)
    • Minimum FICO score of 620 (for Jumbo loans it’s 640)
    • 60% or less debt-to-income (DTI) ratio
    • Enough funds to cover the VA’s funding fee (though this can be rolled into the loan)

    Quicken Loans, as always, excels in customer service. It has been named as the highest in customer satisfaction for primary mortgage origination by J.D. Power for 11 consecutive years. Customers can take advantage of Quicken’s online portal, Rocket Mortgage, to complete the application and VA loan process completely online. Or, they can take care of business over the phone with service-oriented VA loan professionals who can guide through all the steps.

    • Dedicated VA mortgage bankers to guide you through the process
    • Finance up to 100% of the loan
    • eClosing allows customers to close electronically
    • VA purchase, jumbo, and refinance loans available

To Summarize: Best VA Loans of 2022

Choosing the best VA lender of 2021 will come down to personal preference. The difference between VA lenders in terms of rates and fees is not that different from each other. You might choose the one that offers a simpler application process or better customer service.

Our top picks give you a good starting point to compare VA lenders and find the one that best fits your financial needs.

Money's Partners
Money's Recommendation
  • Best for $0 Down VA Loan Homebuyers
  • #1 VA Lender for Homebuyers for Past Five Years (Source: Department of Veterans Affairs Lender Statistics)
  • VA Lender Recommended by 98% of Veteran & Military Family Customers -300,000+ Satisfied Borrowers
  • Get Preapproved Fast with 24/7 Access and Instant Uploads
  • Best for Customer Support
  • Dedicated VA mortgage bankers to guide you through the process
  • Finance up to 100% of the loan
  • eClosing allows customers to close electronically
  • VA purchase, jumbo, and refinance loans available