Discover the top VA loan providers of 2024 offering veterans and service members competitive home financing options. This guide highlights features, eligibility criteria, and application processes for top lenders, making it easier to choose the right partner for your homeownership goals.

Best VA Loan Lenders of 2024

VA loans offer a significant benefit for active service members, veterans, and their families, providing home financing options with no down payment or mortgage insurance needed. These loans are supplied by private lenders such as banks and mortgage companies. Because many lenders exist, selecting the right one can be challenging. To help simplify this, here is a list of the leading five VA loan providers for 2024.

Notable VA lenders include:

Guaranteed Rate
Covering all 50 states with over 300 branches, Guaranteed Rate offers digital applications and online document submission. While pre-approval may take longer, the minimum credit score requirement is 600. They provide VA and jumbo loans but do not offer home equity products.

Flagstar Bank
Flagstar provides various home financing options for veterans, including purchasing, building, or refinancing. Available online nationwide and through more than 70 branches across 29 states, they deliver quick pre-approvals within three days and close in approximately 30 days. They feature competitive rates and require lower credit scores.

Veterans United Home Loans
This lender offers VA, FHA, USDA, jumbo, and adjustable or fixed-rate loans. While they don’t provide home equity loans, their services are available in 18 states, with higher interest rates. Their streamlined online application and pre-qualification process are user-friendly, and they provide free credit counseling through specialized programs.

PenFed Credit Union
PenFed offers a limited selection of products, including VA, jumbo, and home equity loans. They require higher credit scores but do not charge lender fees. Serving all 50 states, they can pre-approve within three days and close loans in about 35 days, including some international locations.

Quicken Loans®
As one of the largest mortgage lenders in the U.S., Quicken Loans offers fully online, paperless processes. Pre-approvals are quick, with closings typically within 40 days. They require a minimum credit score of 620 and provide VA, FHA, and conventional loan options.

Note:

The information provided here is based on current research, industry data, and expert insights. Details and offerings may change over time and vary between lenders. We recommend consulting with a financial professional before making borrowing decisions. We are not responsible for inaccuracies or differing opinions.