The Best VA Home Loan Lenders in 2020

Sarah Badani
Enjoy Your Own Home With the Best Mortgages for Military Personnel
VA home loans are mortgages backed by the U.S. Department of Veterans Affairs, with down payments as low as 0%. These loans are a benefit offered to those serving in the armed forces, reservists, veterans and qualifying military family members, and are serviced through private lenders with special rates and terms for military personnel.

What is a VA Loan?

VA home loans are mortgages backed by the U.S. Department of Veterans Affairs, with down payments as low as 0%. These loans are a benefit offered to those serving in the armed forces, reservists, veterans and qualifying military family members, and are serviced through private lenders with special rates and terms for military personnel.

Top 5 Mortgage Lenders for Getting a VA Loan:

Loan Type
Credit Score
Get an Offer
1. LendingTree
FHA, VA, USDA, Conventional
View Rates
FHA, HARP, VA, USDA, Conventional
VA, jumbo, conventional


View Rates
Conventional and FHA purchase and refi, plus VA loans
Not specified
View Rates
VA, FHA mortgages, HARP refinancing, traditional fixed rate
Depends, but over 620 for some loans

If you think you might qualify for a VA home loan, it is in your best interest to apply. That’s because VA loans can be more advantageous than regular mortgages. One of the benefits of applying for a VA loan is that most lenders approve applicants with a less than perfect credit report. Typically, veterans, etc. have a lower credit score, a higher debt to income ratio, and short or no credit history. As such, clemencies are granted to these individuals when they apply for their loans. Additionally, VA loans generally come with a lower interest rate than you’ll find with other types of mortgages. 

So, VA loans are easier to be approved for and will cost you less overall than a private mortgage. Whether you are applying for a single family home, condominium unit, or co-op units, the right lender can give you the financial backing you need to purchase your own living quarters with ease.

A Closer Look at the Best VA Mortgage Lenders of Today:

1. Lending Tree

Best for: Veterans who wouldn't qualify for a conventional loan

Maximum debt-to-income ratio: Typically 41%

Minimum down payment: 0%

  • Loan amounts ranging from $36,000-$721,050
  • No service fees
  • A+ BBB rating
  • Quick and easy online application and comparison tool

LendingTree is not a direct lender. Rather, it is a lender aggregator that gives borrowers access to a larger pool of lenders at one time. The advantage of this system is that you can fill out a single application form and instantly apply to tens or hundreds of lenders at once. It saves you the time and headache of filling out multiple application forms that are asking the same questions. It also helps borrowers get the best rates because you can instantly compare offers from different lenders to find the best one with the lowest interest rates and longest terms. LendingTree is an excellent choice for your VA loan needs for several reasons. In addition to opening you up to several options simultaneously, LendingTree charges no service fees, requires no mortgage insurance, and even has a convenient loan calculator to help you see exactly how much you’ll pay over time with your loan. LendingTree lenders cover the spectrum of VA loans including purchase loans, rate & term refinancing, streamline refinancing, interest rate reduction refinancing loans (IRRRL), cash-out refinancing, cash-in refinancing, and jumbo loans. So, you can find whatever type of loan you are looking for here.

Biggest perk: Wide network of lenders for most competitive terms

View Rates

2. Quicken Loans

Best for: Online or over-the-phone customer service

Minimum credit score: 650

Maximum debt-to-income (DTI) ratio: 50%

Minimum Down Payment: 0%

  • Personalized customer service based on your communication preferences
  • Rate quotes within 1 minute

Quicken Loans is another option for getting a VA loan. It offers a range of loan types including government-backed loans like FHA, HARP, VA, and USDA loans. You'll find the information you need online for your VA loan, but if you're more comfortable with one-on-one human interaction, Quicken Loans has experts waiting for your phone call. Fill in a short form, and they'll contact you with the information you need. There are also Jumbo VA loans available, a unique offer, as well as refinance and cash-out home loans. Quicken Loans has an "Excellent" rating from Trustpilot and calculators to assist you in finding the rates and terms that are best for your VA home loan. Learn more about the approval process at the Quicken Loans website. 

Biggest perk: Refinance up to 120% of your home's value. 

Quicken Loans Quicken Loans View Rates


Best for: Exclusive membership benefits

Minimum credit score: Not specified

Maximum debt-to-income (DTI) ratio: Not Specified

Minimum Down Payment: 0%

  • A proven expert in VA loans 
  • Low fees

USAA has built up a special expertise in serving members of the US military, and has proven to be a reliable way for veterans of all branches of the military to secure a mortgage or refinance loan. 

You won’t need a down payment or private mortgage insurance with these VA loans and your pre-approval should only take a few minutes. You will need to have a credit score of at least 620 though, and borrow at least $50,000. 

View Rates

4.  NBKC

Best for: Excellent customer service

Minimum credit score: Not Specified

Maximum debt-to-income (DTI) ratio: Not Specified

Minimum Down Payment: 0%

  • Excellent customer service ratings 
  • Wide range of repayment terms, VA and FHA loans 
  • Transparent pricing

A trusted national lender, NBKC can get you approved for a loan within a matter of minutes. 

The company gives you a wide range of repayment terms, and for veterans it can be a painless way to get that VA loan—and the keys to your own house. 

The VA loans don’t include any lender fees or origination fees and include special low rates. And the repayment terms for fixed and variable rate mortgages shouldn’t be hard to keep up with. 

View Rates

5. Rocket Mortgage

Best for: Entirely online process

Minimum debt to income ratio: 45%

Minimum down payment: 0%

  • Plenty of loan options available 
  • Fast advanced platform 
  • Real time rate updates

Rocket Mortgage is an all-online digital loans platform that can get you set up with a VA loan in no time.  The rates are constantly updated and allow you to quickly shop around for loans until you find the right rates for you, even if you can’t put much money down or your credit rating isn’t as high as you’d like it to be.  Creating your account only takes a few seconds and then there’s a quick online questionnaire that deals with your financial and personal information. Within minutes you’ll start receiving quotes for loans and then you can feel free to shop around until you find one that works just right for you.

Rocket Mortgage Rocket Mortgage View Rates

Sarah Badani
Sarah Badani has extensive research and review experience in the finance industry. With a degree in psychology and education, she brings a level of depth and understanding to her writing along with her own flavor to spice up each topic in a unique and inviting way.