The United States Department of Veterans Affairs (VA) guarantees a specific kind of home loan known as a VA loan (VA). Loans are guaranteed by the Department of Veterans Affairs (VA) and distributed by commercial banks, credit unions, and other lenders as part of the VA-backed loan program. This makes it possible for members of the armed forces and their families to purchase a property with looser qualifying standards than ordinary mortgages and sometimes with no down payment required.

When selecting a VA loan, it is essential to evaluate various criteria, including but not limited to fees, the application process, customer service, and the quality of the online loan management experience. The top lenders for VA loans will be competitive in these areas, or at least most of them.

Veterans United Home Loans

Veterans United Home Loans focuses only on providing services related to VA loans. That's one of the reasons why it came out on top when we ranked them all. In 2020 and 2021, Veterans United was the third-biggest originator of VA loans. However, they are now the leading lender for 2022. It has received positive feedback and has a competitive interest rate structure. On the other hand, there is no mobile app for consumers, which may frustrate some customers. You may be able to take advantage of Veterans United's credit development program if your score is lower than the required 620, but it's possible you won't be eligible for a loan if your score is lower than that.

Rocket Mortgage

Quicken Loans, now known as Rocket Mortgage, was the leading mortgage originator in the United States in 2019 and the 2nd-largest VA loan originators in both 2020 and 2021. It has won many awards from J.D. Power, including the title of highest-ranked mortgage servicer in the United States for seven consecutive years in J.D. Power's Primary Mortgage Servicer Satisfaction Study. The corporation has recently taken the runner-up position as of the year 2022.

Its online mortgage application platform, Rocket Mortgage, is widely considered to be one of the quickest and easiest mortgage programs to work with. Rocket Mortgage comes out on top as the best online VA loan lender according to our rankings because of the effectiveness of its online lending platform, in addition to having affordable loan rates and excellent customer service.

USAA

USAA is a financial institution that caters only to service members, veterans, and their families. Because of its low prices and exceptional customer service, USAA consistently receives high marks for several of the items it sells, most notably its insurance offerings. In tests conducted by J.D. Power on insurance providers and mortgage lenders, it achieved levels of total customer satisfaction that surpassed those of the highest-ranked organizations in the industry. In addition, it provides an online VA loan eligibility calculator that explains how to apply for one and helps you determine whether or not you are eligible. USAA's VA loans originated via an intuitive and user-friendly online procedure, which includes filling out online preapproval applications.

Navy Federal Credit Union

Even though "Navy" is part of its name, people from any branch of the United States military or employees of the Department of Defense are eligible to join Navy Federal Credit Union. In addition to having some of the most competitive interest rates on our list, Navy Federal scored quite well in a survey conducted by J.D. Power that measured customer happiness. Additionally, it may assist you in finding a local real estate agent via its connection with RealtyPlus. Your whole financial life, including your checking, savings, and credit card accounts, could find a nice home with Navy Federal Credit Union.

Freedom Mortgage

According to the statistics provided by the VA, Freedom Mortgage served as the most prominent originator of VA loans throughout the years 2020 and 2021. It has a primary emphasis on VA loans, and, compared to the other lenders that made our list, it is more likely to deal with applicants with lower credit scores (going as low as 550).

Freedom Mortgage has several advantages, one of which is a promise of a low-interest rate (for purchase loans), which is a pleasant touch given that the company does not publish its prices on its website. It also provides access to a wide variety of useful services, such as mortgage calculators and educational information for borrowers, to everyone who visits the website.