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With the Income You Need to Buy a Median-Priced Home rising - you may need to Learn About Adjustable Rate Mortgages to preserve affordability.

With the Income You Need to Buy a Median-Priced Home rising - you may need to Learn About Adjustable Rate Mortgages to preserve affordability.

Veterans United Home Loans Review 2022

Established 2002

1400 Veterans United Drive, Columbia, MO 65203

NMLS #1907


Summary:

Veterans United Home Loans is a dedicated VA lender and one of the nation’s top originators of VA mortgages. In fact, their 4700+ employees helped them close the most VA loans in the nation in 2019. They have offices in over 20 states and are licensed to do business in all 50 states and Washington D.C.

Good Fit For:

Veterans looking to take advantage of their VA benefits and purchase a new home or refinance an existing mortgage. VA loans can help Veterans buy a home with zero money down and avoid private mortgage insurance at rates typically lower than a conventional mortgage. Their streamline refinance (IRRRL) can help reduce rate and payments for borrowers with an existing VA loan.


Highlights:

  • A VA-approved lender operating in all 50 states
  • First-time Homebuyer Programs with no money down
  • Offers Streamline VA Refinance (IRRRL)
  • Options for borrowers with less than perfect credit

Things to keep in mind:

  • No home equity or HELOC
  • Must be active or former military or spouse
  • VA mortgages are their primary focus so non-VA loans may be referred elsewhere

Products:

Purchase Options

  • VA Purchase
  • VA Jumbo
  • VA First-time Homebuyer

Refinance Options

  • VA Refinance
  • VA Streamline Refinance (IRRRL)

Customer Experience

Consumers can request a quote for both VA purchase mortgages and VA Refinance mortgages directly on their website. Their online portal gives consumers updates on the loan process, allows users to upload documents and get answers to common questions. Consumers can also call into their customer support center 24/7 to put in an application or inquire on an existing loan.

VA loans offer a number of benefits including low rates, no down payment, no Private Mortgage Insurance. For borrowers with less than perfect credit, Veterans United offers their Lighthouse program that has helped thousands of consumers build their credit to help live the dream of becoming homeowners


Scores:

  • Reviewer
    Rating
  • A+
  • [ 4.9/ 5]
  • [ 4.5/ 5]
  • [ 4.5/ 5]
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