Top 5 Best VA Loan Providers for Veterans in 2024

Leading VA Loan Lenders of 2024

VA loans are a valuable benefit for military personnel, veterans, and their families, enabling homeownership with advantages like no down payment or mortgage insurance. These loans are offered by various lenders, including private banks and mortgage companies. Choosing the right lender can be overwhelming given the numerous options. To help, we've compiled a list of the top five VA loan lenders for 2024, highlighting their features and benefits.

Some of the top VA loan lenders include:

Guaranteed Rate
Guaranteed Rate serves clients nationwide with over 300 branches and offers online application processes, including paperless verification. While pre-approval may take longer, the company accepts credit scores starting from 600 and provides solutions like VA, jumbo, and FHA loans. Note: Equity loans are not available through this lender.

Flagstar Bank
Flagstar Bank offers diverse mortgage options to help veterans buy, build, or refinance homes. Operating in all 50 states through online services and over 70 physical branches in 29 states, it delivers quick pre-approvals—under three days—and completes closings in roughly 30 days. Known for competitive rates and lower credit score requirements, Flagstar is a strong choice for veteran homebuyers.

Veterans United Home Loans
This lender provides various mortgage types, including FHA, USDA, jumbo, and adjustable or fixed-rate loans. However, it does not offer home equity loans. Though rates can be higher, veterans can benefit from a smooth online application process, with in-person services available in 18 states. Additionally, they offer free credit counseling programs.

PenFed Credit Union
PenFed specializes in VA, jumbo fixed-rate, and home equity loans. It maintains a higher credit score requirement but eliminates lender fees. Accessible nationwide with some international branches, PenFed pre-approves loans within three days, with an approximate closing time of 35 days.

Quicken Loans®
As one of the largest mortgage providers, Quicken Loans offers a fully digital, paperless experience. Pre-approvals are swift, and closings typically take up to 40 days. Requiring a minimum credit score of 620, it supports various loan types, including VA, FHA, and conventional loans.