Advertiser Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

Veterans United Review

Andrew Omalley Andrew Omalley Last update:
NMLS#
1907
Min Credit Score
620
Repayment Terms
60-360

Veterans United was founded in 2002 in Columbia, Missouri, and has been the top VA purchase lender for the past 5 years.

They’re the largest VA purchase loan lender in the nation and have facilitated over $16 billion in loans, but they also offer other mortgage loan types, like FHA, USDA, and conventional loans.

Their VA loan benefits for veterans, service members, and military families include $0 down payment, no private mortgage insurance (PMI), and competitive interest rates.

You can view their current VA loan rates online and lock in your rate by submitting your application.

Mortgage types VA, FHA, USDA, Conventional Loans
Mortgage amount $0 to $1,500,000
Repayment terms 15 or 30 Years
Minimum credit score 620
Lender type Direct

Get my rate

Veterans United Mortgage Loans: Pros

  • No down payment needed
  • No prepayment penalties
  • No PMI
  • Available in all 50 states

Veterans United Loans: Cons

  • VA fee of 2.3% of purchase price (Veterans receiving compensation for a service-connected disability and select others do not pay the VA Funding Fee.)
  • Only available to veterans, service members, and spouses
  • Can only be used for primary residence

Application Process

You can begin the application process right from the Veterans United website, which will get you a quick quote on a mortgage.

For the pre-approved application, you’ll need to submit the following information to see what you qualify for, which should take about 5-10 minutes and won’t affect your credit score:

  • What is your branch of service (e.g. Army, Navy, Coast Guard, etc)?
  • Are you active-duty military, Reserve, or National Guard?
  • Are you currently serving?
  • Where are you currently stationed?
  • Have you received orders to PCS?
  • The city or zipcode of your new home
  • An estimated price range you’ll be needing
  • The type of property you’re buying
  • How your new home will be used (e.g. primary residence, investment property, etc)
  • When you plan on making your home purchase
  • Do you currently own a home?
  • Your current monthly rent or mortgage payment
  • The month and year your lease ends (if renting)
  • Is this your first time buying a home?
  • Your estimated credit score
  • Your marital status
  • Your household gross annual income (before taxes)
  • Are you currently receiving VA disability income?
  • Have you declared bankruptcy in the past 7 years?
  • How you heard about Veterans United
  • Your name and contact information
  • Your current home address
  • How long have you lived at this address?

From there, you’ll be required to create an online account and verify some of the information you submitted. They’ll also ask a few more questions, like if you have dependents, how many years you’ve served, your current pay grade, and more.

Based on the information you provided, you’ll immediately be presented with a recommended VA loan along with additional non-VA loan options.

This quote shows some general information about the loan, but doesn’t include important information like APR or repayment terms. You can visit their mortgage rates page to see what the current rates are, or speak with a specialist to see what rates your pre-application qualifies you for.

If you’d like to continue with the VA loan option, you’ll have to submit more information. You’ll also need to verify your finances and submit your social security number.

Get my rate

Terms & Requirements

A VA loan is a special type of mortgage loan that has a different set of eligibility requirements set by the Department of Veterans Affairs (VA), which Veterans United highlights on their website’s Eligibility page. The DTI and credit score minimum required by Veterans United is comparable to other lenders.

Mortgage Requirements

  • Must meet basic service requirements set by the VA
  • A valid Certificate of Eligibility is required
  • 620 credit score minimum
  • VA loans typically require a DTI of 41% or less
  • Property will need to satisfy the VA’s appraisal process

 

Mortgage Terms

  • VA loan rates change daily based on market conditions. Rates also depend on borrower’s financial profile
  • Loans offered includes VA, FHA, USDA, Conventional Loans
  • VA loan rates change daily based on market conditions.

Repayment Terms

  • 15 or 30 year repayment terms, paid monthly
  • Rates are comparable to other mortgage lenders

Privacy & Security

Veterans United is a reputable lender in the industry. They’re the largest VA lender for buyers and have been Top VA Purchase Lender for the past five consecutive years.

When it comes to your personal information, Veterans United doesn’t share it with other financial companies.

Veterans United uses security measures that comply with federal law to protect user data, which includes secured files and buildings along with computer safeguards.

Customer Support

You can get in touch with a Veterans United team member via phone 24/7, online contact form, or email.

Their website also conveniently has a FAQs section that reviews common questions about their VA loan, like what you can do to help close your loan on time, how to pay your monthly mortgage payments, and more.

Final Thoughts

While they do offer several types of mortgage loans, Veterans United specializes in VA loans for veterans, active service members, and their spouses, which come with some major benefits, like no down payment and no PMI.

Like many of their competitors, the entire mortgage purchase process can be conducted online. Borrows can submit a preliminary application and immediately connect with one of their home loan specialists.

Veterans United is the largest VA purchase lender offering competitive rates for homebuyers, making them a great choice for a VA loan.

Address

1400 Veterans United Drive,

Columbia, MO 65203

Veterans United Disclaimer:VeteransUnited.com | 1-800-884-5560 | 1400 Veterans United Drive, Columbia, MO 65203 | Veterans United Home Loans NMLS # 1907 (www.nmlsconsumeraccess.org). A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency. Licensed in all 50 states. For State Licensing information, please visit www.veteransunited.com/licenses. Equal Opportunity Lender.

Get my rate

Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Andrew Omalley Andrew Omalley
Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.
This review is based on the writer's personal opinion.