The Best VA Home Loan Lenders in 2018 StaffNov.06, 2018

This site is a free online resource that strives to offer helpful content and comparison features to its visitors. Please be advised that the operator of this site accepts advertising compensation from companies that appear on the site, and such compensation impacts the location and order in which the companies (and/or their products) are presented, and in some cases may also impact the rating that is assigned to them. To the extent that ratings appear on this site, such rating is determined by our subjective opinion and based on a methodology that aggregates our analysis of brand market share and reputation, each brand's conversion rates, compensation paid to us and general consumer interest. Company listings on this page DO NOT imply endorsement. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.

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:

LenderLoan TypeCredit ScoreGet an Offer
LendingTreeFHA, VA, USDA, Conventional
J.G. WentworthFHA, VA, USDA, ARM, Conventional
AmerisaveFHA, HARP, VA, USDA, Conventional
CrossCountryVA, FHA, USDA, Conventional
North American Savings BankVA, FHA, Jumbo, Conventional

If you might qualify for a VA home loan, it is in your best interest to apply. That’s because VA loans are a lot 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. LendingTree

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 LendingTree Rates

2. J.G. Wentworth

Best for: First-time homebuyers who are veterans

Minimum credit score: 620

Minimum down payment: 0%

  • Some of the lowest interest rates around
  • Equal housing lender
  • No prepayment penalties
  • Works with low credit scores

J.G. Wentworth has a sterling reputation in the home mortgage loans industry, and it services those looking for VA loans as well. It is a Nationwide Mortgage Licensing System lender, which holds a lot of clout in this industry, is a US Chamber of Commerce Member, and holds an A+ rating with the Better Business Bureau. In short, JG Wentworth is a reputable and easy company to work with for your VA loans.Keeping in line with all the usual regulations, fee waivers, and stipulations set forth by the Department of Veterans’ Affairs, JG Wentworth makes getting approved for this type of loan a snap for those who have served our country. Loan terms range from 1 year all the way to 40, so you have a lot of flexibility when choosing your repayment terms. What’s even more encouraging about this lender is that J.G. Wentworth works with people who have lower credit scores (as low as 600 generally), charges lower interest rates than many of its competitors, and charges no prepayment penalties, so you can pay off your loan early and save on interest charges.

Biggest perk: Works with low credit scores

View J.G. Wentworth Rates

3. AmeriSave

Best for: VA refinance loans

Minimum credit score: 600

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

Minimum Down Payment: 0%

  • Personalized customer service
  • Rate quotes within 1 minute

AmeriSave is another excellent option for getting a VA loan. It offers a wide range of loan types including government-backed loans like FHA, HARP, VA, and USDA loans. Additionally, you won't have to pay any origination or application fees when working with this company. However, one of the most telling features of Amerisave services is the price protection guarantee. It states that if you find a loan with better terms elsewhere (after you've already signed up for a given rate), Amerisave will match that lower rate or subtract $1,000 off of your loan. That's the most competitive offer out there.While you can use the online application form, Amerisave is a more traditional VA loan lender, opting to have phone contact with each of its customers. You'll be able to discuss your loan options with a qualified representative, choose between 15- or 30-year repayment terms, and decide whether you want fixed or adjustable rates (and have those terms explained in case you don't know what they mean) with the help of one of these dedicated agents.

Biggest perk: Lowest rate guarantee

View AmeriSave Rates

4. CrossCountry Mortgage

Best for: Veterans looking to purchase their first home

Minimum credit score: 580+

Maximum debt-to-income ratio: 43% quoted on company website

Minimum down payment: 0% possible with VA loan

  • 100% with no mortgage insurance requirement
  • No penalty for paying off loan early
  • Receive a dedicated loan officer
  • Mortgage insurance may not be required with loan

CrossCountry is a nationwide lender that works in all types of loans from home purchase to refinance to home equity loans. The company does not have especially stringent credit score requirements so it could be a good option if you were previously turned away.The company provides Veterans Affairs loans which can get you in a home with zero down payment and no private mortgage insurance required.Cross Country provides fixed rate and adjustable rate mortgages with a variety of loan terms from 10 to 30 years.When you sign up with Cross Country you’re assigned a dedicated loan officer, who can be a sounding board of sorts and walk you through the process of securing a home loan. When it comes to customer service, CrossCountry doesn’t have a 24/7 live chat option, but you can still reach help through a toll free or office line, and an online contact form.

Biggest perk: Low credit rating requirements

View CrossCountry Rates

5. North American Savings Bank

Best for: Veterans borrowers looking for several loan options to compare

Maximum debt-to-income ratio: Typically 45%

Minimum down payment: 0%

  • Quality lending since 1927
  • Various loan products for most borrowers
  • 98% customer satisfaction rating
  • NASB Home Buying Advantage 

North American Savings Bank offers both VA and VA jumbo loans as well as a streamlined refinancing program with no origination fees, no lenders fees, in house processing and Veteran loan officers to ease your home buying process. If you're a first time homebuyer, NASB's excellent customer service will steer you right. They're recognized as one of the top VA lenders of 2017, and don't charge any points. From income verification to mortgage payments and debt-to-income limits, NASB's Veteran mortgage associates know the drill and are there to help you out. 

Biggest perk: Veteran loan officers from all branches of the military

View NASB Rates

If you’re a veteran, in active military service, or the family of military service personnel, you may qualify for a VA home loan. Investigate the best VA loan lenders to compare rates and terms before you utilize this benefit to  gain the perfect home loan for you. Thanks for your service!