VA loan


If you’re looking for a VA loan in 2020, you have a lot of options. VA loans are a great option for military members and their families, thanks to their minimal costs and low interest rates, but even among the vast list of VA loan options, there are a few key ones that stand out.

Online options

One of the best online options is Rocket Mortgage, from Quicken Loans. With one of the fastest and easiest application processes out there, it’s perfect for people who are busy with a lot of other things on their plates. Plus, it only requires a minimum 640 credit score. Another great online option is loanDepot, with an easy and efficient application process that includes a loan consultant that stays with you every step of the way.

Best overall lenders

One of the best VA lenders is Veterans United Home Loans — they specialize in only VA loans, so they’re experts on the subject. 

They also have pretty competitive interest rates, a good system for helping applicants along the way (with helpful information available before you even start the process), and reviews higher than the average for similar financial institutions. Veterans First Mortgage is another great overall loan provider with great customer service and a focus on military families, which gives VA loan applicants an edge there.

Options for everything (and everyone)

As a bank built specifically for military members and their families, USAA is an obvious choice for VA loans. They have great rates and customer service, and, while you’re there, you can shop around for one of their military-tailored insurance options. Navy Federal Credit Union, as a not-for-profit organization, can also offer some fantastic interest rates as well as great customer service.

And, finally, if you’re worried that your credit might not be up to par, there’s even an option for that. New American Funding might not be widely known, but they accept lower credit scores and look at additional factors during the loan application — plus, they still offer competitive rates. The point is, there are a lot of options to look at, so do your research and find the VA lender that works best for you and your needs!