Veterans United; Alyssa Powell/Insider
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- Veterans United specializes in VA mortgages, and it has conforming, jumbo, FHA, and USDA mortgages.
- The lender only refinances VA and conventional mortgages, not FHA or USDA mortgages.
- It’s a worthwhile option if you have a poor credit score, or none at all.
- See Insider’s picks for the best mortgage lenders »
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Veterans United
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Credit score and down payment listed are for VA mortgages |
Should you use Veterans United?
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Veterans United interest rates
You can see general mortgage rates for VA loans and refinancing on the Veterans United website. But you’ll need to fill out a form or contact customer support to see rates for other types of mortgages, or to get a personalized rate.
Veterans United rates are competitive with what other VA loan lenders offer.
How Veterans United works
You can apply for a mortgage through Veterans United online from anywhere in the US. It also has branches in the following 18 states:
- Alabama
- Alaska
- California
- Colorado
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Kentucky
- Nebraska
- North Carolina
- Oklahoma
- South Carolina
- Tennessee
- Texas
- Virginia
- Washington
Veterans United specialized in VA mortgages, but it also offers conforming, jumbo, FHA, and USDA mortgages. It can be hard to find information for non-VA loans on the website, but you can read about all its other options here.
If you want to refinance a VA mortgage, you can choose between a VA IRRRL refinance or cash-out refinance. You can also refinance your conforming or jumbo mortgage.
The company doesn’t have home equity loans, HELOCs, reverse mortgages, or construction loans. It doesn’t refinance FHA or USDA mortgages.
Unlike some lenders, Veterans United lets you apply for a mortgage with alternative credit data. For example, you could show proof that you pay bills on time. This makes the lender a good option if you have a low credit score, or none at all.
You can email customer support or talk to someone over the phone 24/7.
Is Veterans United trustworthy?
The Better Business Bureau gives Veterans United an A+ in trustworthiness. A strong BBB score indicates a company responds effectively to customer complaints, advertises honestly, and is transparent about business practices.
Veterans United has a high score in the JD Power 2020 Primary Mortgage Origination Satisfaction Survey. Veterans United actually doesn’t qualify to rank because it doesn’t meet certain criteria, but JD Power notes that the lender would rank highly if it was eligible.
Veterans United doesn’t have any recent public scandals. Between the high BBB grade, high JD Power score, and clear history, you may decide you’re comfortable borrowing from this lender.
How Veterans United compares to similar lenders
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Veterans United |
Navy Federal Credit Union |
USAA |
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Types of mortgages Conforming, jumbo, VA, FHA, USDA |
Types of mortgages Conforming, jumbo, VA |
Types of mortgages VA |
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Alternative forms of credit Yes |
Alternative forms of credit Yes |
Alternative forms of credit No |
| Get started | Get started | Get started |
Veterans United review vs. Navy Federal Credit Union review
You’ll want to choose Veterans United for an FHA or USDA mortgage, because Navy Federal doesn’t offer these types of loans.
Navy Federal offers a variety of mortgage types specifically for military members and veterans, though. You may decide you like its Military Choice or Homebuyers Choice program.
Veterans United review vs. USAA review
USAA normally provides conforming and jumbo mortgages, but at the time of writing this review, the lender has halted these products. It’s only originating VA mortgages right now, but it has plans to reintroduce conforming and jumbo mortgages in the future. So if you want any type of mortgage other than a VA loan, you’ll want to go with Veterans United.
Veterans United is probably the better choice if you have a low or no credit score. It accepts alternative credit data, like utility bills, whereas USAA does not.
Laura Grace Tarpley is the associate editor of banking and mortgages at Personal Finance Insider, covering mortgages, refinancing, bank accounts, and bank reviews. She is also a Certified Educator in Personal Finance (CEPF). Over her four years of covering personal finance, she has written extensively about ways to save, invest, and navigate loans.
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