Veterans United has financed home purchases and refinances for hundreds of thousands of active duty military and veterans.
Although you don’t need a military connection to borrow from Veterans United, the company’s focus is on VA loans.
In fact, you won’t even find information about Veterans United’s non-VA products on its website — but we reached out to them personally so that we could offer more info for you in this review.
Here’s what else you should know about getting a Veterans United mortgage:
- Veterans United mortgage purchase review
- Applying for your Veterans United home loan
- How Veterans United could improve
- Compare multiple lenders first
Veterans United mortgage purchase review
- You’re a qualified veteran or service member (or the spouse of one)
- You’re a first-time homebuyer
- You need to finance 100% of your home purchase
Veterans United offers a full selection of VA loan products for qualified veterans and service members, plus fixed-rate loans for those with no military connection. Not all loan products are available in all states, however.
Veterans United VA loan options include 15- and 30-year fixed-rate purchase loans. You can also apply for a 30-year fixed-rate jumbo loan if you’re purchasing a home with no down payment and need financing that exceeds the limit for conforming loans.
Rates for their VA loans are highly competitive compared to conventional loan rates, and the 30-year fixed-rate and jumbo loans are especially so.
If you don’t qualify for a VA loan, or you find that a VA loan isn’t your best option, Veterans United also offers conventional, FHA, and USDA loans.
Here’s a detailed look at the types of mortgage purchase loans Veterans United offers:
|15 to 30 years
(VA jumbo loan is 30 years only)
|Rates and fees||
|Min. down payment||
Find Out: How to Get the Best Mortgage Rates
Applying for your Veterans United home loan
For all Veterans United loans, the minimum credit score is 640. If your score falls short, you can consider signing up for the lender’s Lighthouse credit counseling program to get your finances in order. There’s no obligation — you can participate even if you’re not in the market for a home loan.
You’ll need a Certificate of Eligibility before you apply for a VA loan. A Veterans United loan officer can supply one for you in minutes once you’ve provided the necessary documentation of your service or your qualified spouse’s service. Your loan officer can also help you with a mortgage pre-approval.
You have two options for working with a loan offer. As long as you’re purchasing a home near a branch office, you can work directly with a local loan officer. Veterans United has branch locations in the following states:
- North Carolina
- South Carolina
Outside of these locations, you can work via phone and online with a loan officer licensed in your state.
Once your loan application is underway, you’ll create an account on MyVeteransUnited.com — this portal makes it easy to upload and sign documents and track the progress of your loan.
Learn: How to Buy a House
How Veterans United could improve
Overall, the Veterans United home loan reviews featured on the company’s website rate the lender 4.7 out of five stars for customer satisfaction. Plus, 98% of customers surveyed would recommend the lender to their family and friends.
But there are a few ways Veterans United could improve:
- More transparency into loan products: You can’t find much information on their loan products other than VA loans on the company’s site. It would be helpful for that information to be more readily available without having to call and talk to customer service or a loan officer.
- Wider availability: Currently, not all loan products are available in all states. It would be nice if they offered all their loan products in all states.
Compare multiple lenders first
Veterans United can be a good choice for a home purchase or refinance if you’re a veteran or service member looking for a VA loan. But it always pays to shop around and compare rates from other lenders before making a decision.
Although Veterans United isn’t one of our partner lenders, Credible lets you compare prequalified mortgage rates from multiple lenders on our platform at once — and in just a few minutes.