02 Feb VA Loans Offered By Leading Lenders At Low-Interest Rates
VA borrowers are often concerned about VA loan rates. While some lenders offer VA loans at flexible rates, others follow a fixed loan rate policy. We have briefly described some of the top VA loan lenders offering home loans at low-interest rates.
Navy Federal Credit Union
Navy Federal Credit Union has served more than 9 million Veterans and active army officers across the United States. The lender offers conventional loans, Veterans Affairs loans, and mortgage refinances loans to eligible borrowers.
Highlights –
- Mortgage types: Military Choice, VA, conventional fixed-rate, Homebuyers Choice, and ARM
- Maximum loan amount: $2 million
- Minimum FICO credit score: Not disclosed
- Better Business Bureau rating: A+
Benefits –
- Loans at zero down payment
- Borrowers don’t need to pay for mortgage insurance.
Carrington Mortgage Services
Carrington Mortgage Services offers a wide range of mortgage services including, refinancing to eligible borrowers. The lender offers conventional and government-backed mortgage loans. Since 2011, it has funded over $22 billion in home loans.
Highlights –
- Mortgage types: VA, conventional loans, USDA, FHA, ARM, Carrington Flexible Advantage, and refinancing
- Maximum loan amount: $2.5 million
- Minimum FICO credit score: 500
- Better Business Bureau rating: A+
Benefits –
- Applicants with a low credit score can also qualify for home loans.
- Conventional loans are available at a 3% down payment.
Guild Mortgage
Founded in 1960, Guild Mortgage offers home loans to borrowers across the United States. The lender provides home renovation loans besides conventional and government-backed mortgage loans.
Highlights –
- Mortgage types: FHA, VA, conventional USDA, ARM, refinancing, jumbo, and renovation
- Maximum loan amount: $2 million
- Minimum FICO credit score: 620
- Better Business Bureau rating: A+
Benefits –
- A wide range of mortgage loans available for borrowers.
- Special mortgage programs for first-time buyers and manufactured home buyers are available.
New American Funding
New American Funding is a leading national mortgage lender offering an extensive range of services. As of now, the lender has funded over $27 billion in mortgage loans.
Highlights –
- Mortgage types: VA, Cash-out refinance, ARM, conventional loans, FHA, jumbo, HELOCs, reverse, and USDA
- Maximum loan amount: $3 million
- Minimum FICO credit score: 620
- Better Business Bureau rating: A+
Benefits –
- Different mortgage loans available, including little-to-no down payment loans.
- Mortgage loans are offered at flexible rates.
Veterans United Home Loans
Veterans United Home Loans offers VA and other mortgage loans to veterans and military families nationwide.
Highlights –
- Mortgage types: VA, refinance, VA Jumbo
- Maximum loan amount: $1.5 million
- Minimum FICO credit score: 640
- Better Business Bureau rating: A+
Benefits –
- Loans are offered with zero down payment and without PMI.
Like any conventional loan, VA loans require borrowers to meet the eligibility criteria. Consult a VA loan agent if you’re applying for the first time.
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