Veterans Affairs loans come with significant benefits, especially if you aren’t putting a big down payment on your house and you have a higher debt-to-income ratio (DTI) than what conventional mortgage lenders require. There are no minimum credit score requirements; however, some lenders might apply their own credit standards. You’ll also typically need to be a member of the U.S. armed forces or a veteran to qualify.
Best 9 VA Mortgage Lenders
VA Loan is a military benefit that doesn’t require a down payment or private mortgage insurance (PMI). However, your credit score and credit history may still affect whether a lender is willing to offer you a loan with zero down payment.
Best overall VA lender
We also break down the best VA loan lenders of 2022. Whether you’re looking for low rates, a fully online mortgage experience or options that can work with lower credit scores, we’ve chosen mortgage lenders that can adapt to most borrowers’ needs.
The best VA mortgage lenders have low minimum credit score requirements. Most of our chosen lenders ranked high in J.D. Power’s 2022 Mortgage Origination Satisfaction Studyand earned strong ratings from the Better Business Bureau. Many also have special features that help them stand out, such as no lender fees or hybrid closing options.
Our Top Picks for Best VA Loan Lenders
The pros of Veterans United:
Available in all 50 states
High score in J.D. Power’s 2022 study on customer satisfaction (Veterans United doesn’t qualify to rank because it doesn’t meet certain criteria, but J.D. Power notes that the lender would rank highly if it were eligible)
A+ rating from the BBB
To determine the best VA mortgage lenders, Bankrate evaluated lenders based on several criteria, including availability; borrower experience; cost (competitive VA loan rates and low or no fees); and scope of VA loan offerings.
Best VA mortgage lenders
Veterans United Home Loans