Best VA Mortgage Lenders of July 2025
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A VA loan is a no-down mortgage for active-duty military, qualified veterans and surviving spouses.
When you compare VA loan lenders in search of the best deal, you want an institution that has experience with VA mortgages and offers a competitive combination of rate and fees. NerdWallet has reviewed more than 40 lenders that offer mortgages guaranteed by the Department of Veterans Affairs.
This list of the best VA home loan lenders takes several criteria into account, including average interest rate and fees, the portion of the institution's overall lending that goes toward VA loans, and the lender's VA market share.
Here are some of the best VA mortgage lenders in various categories to help you find the lender that will offer you the best deal for your situation.
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- 50+ mortgage lenders reviewed and rated by our team of experts.
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Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Best VA Mortgage Lenders of July 2025
Lender | NerdWallet Rating | Min. credit score | Min. down payment | Learn more |
|---|---|---|---|---|
620 | 0% | Top 3 most visited 🏆 See Offers at Veterans United | ||
620 | 0% | |||
580 | 0% | See Offers at First Federal Bank | ||
580 | 0% | See Offers at Rate | ||
 Alliant: NMLS#197185 Compare More Lenders on NerdWallet | N/A | N/A | Compare More Lenders on NerdWallet | |
 Wells Fargo: NMLS#399801 Compare More Lenders on NerdWallet | 600 | 0% | Compare More Lenders on NerdWallet | |
 Flagstar: NMLS#417490 Compare More Lenders on NerdWallet | 580 | 0% | Compare More Lenders on NerdWallet | |
 PenFed: NMLS#401822 Compare More Lenders on NerdWallet | 620 | 0% | Compare More Lenders on NerdWallet | |
 USAA: NMLS#8722 Compare More Lenders on NerdWallet | N/A | 0% | Compare More Lenders on NerdWallet | |
 Navy Federal: NMLS#399807 Compare More Lenders on NerdWallet | N/A | 0% | Compare More Lenders on NerdWallet | |
 Pennymac: NMLS#35953 Compare More Lenders on NerdWallet | 580 | 0% | Compare More Lenders on NerdWallet | |
 U.S. Bank: NMLS#402761 Compare More Lenders on NerdWallet | N/A | 0% | Compare More Lenders on NerdWallet | |
 Truist: NMLS#399803 Compare More Lenders on NerdWallet | 620 | 0% | Compare More Lenders on NerdWallet |
Explore all of our lender picks by category
- Why we like itVeterans United is the largest VA loan originator in the country by far, according to the latest federal data.Pros
- Specializes in working with military borrowers.
- Offers VA refinancing.
- Sample interest rates are posted online.
ConsRead full review- Interest rates are on the higher end compared to other VA lenders.
- Does not offer VA renovation loans.
- Why we like itNBKC stands out for offering low VA rates and origination fees, as well as energy-efficient mortgages.Pros
- Interest rates and origination fees are on the lower side compared to other VA lenders.
- Offers energy-efficient mortgages.
- Offers VA refinancing.
ConsRead full review- Does not offer VA renovation loans.
- Why we like itFirst Federal stands out for having low interest rates and origination fees compared to other VA lenders.Pros
- Interest rates and origination fees are on the lower end compared to other VA lenders.
- Offers VA energy-efficient mortgages.
- Offers VA refinancing.
ConsRead full review- Does not offer VA renovation loans.
- Why we like itGuaranteed rate stands out for offering a range of VA loans, including renovation loans, refinancing, energy-efficient mortgages and Native American Direct Loans.Pros
- Offers VA renovation loans.
- Offers VA refinancing.
- Offers VA energy-efficient mortgages and Native American Direct Loans.
ConsRead full review- VA interest rates and origination fees are average.
- Why we like itAlliant has low interest rates and fees compared to other VA lenders, according to the latest federal data.Pros
- VA interest rates and origination fees are on the lower end compared to other VA lenders.
- Interest rates are customizable online.
ConsRead full review- Does not offer VA refinancing.
- Does not offer VA renovation loans.
- Why we like itWells Fargo offers low interest rates compared to other VA lenders.Pros
- Interest rates are on the lower end compared to other VA lenders.
- Offers VA Interest Rate Reduction Refinance loans (VA IRRRL).
- Sample interest rates are posted online.
ConsRead full review- Does not offer VA cash-out refinancing.
- Does not offer VA renovation loans.
- Why we like itFlagstar offers a range of VA loans, including VA refinancing and VA renovation loans.Pros
- Offers VA refinancing.
- Offers VA renovation loans.
- Rate estimates can be customized online.
ConsRead full review- VA lending makes up a small part of Flagstar’s originations.
- Why we like itPenFed offers VA refinancing and offers low interest rates for VA loans.Pros
- Offers VA refinancing.
- Interest rates are low compared to other VA lenders.
ConsRead full review- Does not offer VA renovation loans.
- Customer service score is on the lower end compared to other VA lenders.
- Why we like itUSAA is among the top five VA loan lenders by volume, though conventional loans are available, too.Pros
- Sample VA rates are posted online.
- Offers VA refinancing.
ConsRead full review- Lender received a low score for customer experience.
- Does not offer VA renovation loans.
- Why we like itNavy Federal Credit Union stands out for having exceptionally low VA interest rates and fees.Pros
- Best-scoring VA lender for interest rates and fees.
- Offers VA refinancing.
- Specializes in working with military borrowers.
ConsRead full review- Does not offer VA renovation loans.
- Why we like itPennymac stands out for having low interest rates and for offering a customizable rate tool on its website.Pros
- Rate estimates can be customized online.
- VA interest rates are on the lower end compared to other VA lenders.
- Offers VA refinancing.
ConsRead full review- Does not offer VA renovation loans.
- Origination fees are on the higher end compared to other VA lenders.
- Why we like itU.S. Bank stands out for having one of the highest customer experience scores among surveyed VA lenders.Pros
- High customer experience score.
- Offers VA refinancing.
- Interest rates are on the lower end compared to other VA lenders.
ConsRead full review- Does not offer VA renovation loans.
- VA lending makes up a small part of US Bank’s originations.
- Why we like itTruist offers low interest rates compared to other VA lenders.Pros
- Offers low interest rates compared to other VA lenders.
- Offers VA refinancing.
ConsRead full review- Does not offer VA renovation loans.
- VA lending makes up a small part of Truist’s originations.
Introduction to VA mortgages
VA loans are offered by lenders and backed by the U.S. Department of Veterans Affairs. The main advantages of VA home loans is that they don't require a down payment or mortgage insurance. Furthermore, the program doesn't require a minimum credit score, although lenders might set minimums.
Qualifying for a VA loan
VA loans don’t require a down payment or mortgage insurance and have competitive mortgage rates compared to other types of home loans.
Active-duty military members and veterans who meet length-of-service requirements may be eligible for a VA loan. Some surviving spouses may also apply for a VA loan.
Special fees associated with VA loans
Borrowers pay a “funding fee,” which acts as a one-time mortgage insurance payment. This fee is a percentage of your mortgage, which depends on your down payment and whether or not you’ve used your VA entitlement before.
Funding fee requirements range from 1.25% to 2.15% of the loan amount if this is your first VA loan.
Down Payment | Funding Fee — Purchase or Construction Loan, First Use |
|---|---|
0% to 4.9% | 2.15% |
5% to 9.9% | 1.5% |
10% or more | 1.25% |
Funding fee requirements range from 1.25% to 3.3% of the loan amount you’ve gotten a VA loan before.
Down Payment | Funding Fee — Purchase or Construction Loan, Subsequent Use |
|---|---|
0% to 4.9% | 3.3% |
5% to 9.9% | 1.5% |
10% or more | 1.25% |
VA refinances have funding fee requirements as well, ranging from 0.5% to 3.3% of the loan amount.
VA Refinance Loan | Funding Fee |
|---|---|
Cash-out refinance — first use | 2.15% |
Cash-out refinance — subsequent use | 3.3% |
VA IRRRL Loan | 0.5% |
MORE NERDY PERSPECTIVE 🤓
 | How do I choose a VA lender? This is different for everyone and depends on your specific needs. My advice would be that while you might prioritize using a lender tailored to veterans, the right choice for you may not be the one with the most aggressive military marketing. Consider broadening your search and applying with a few different lenders — even if they’re not as familiar — to ensure you're getting the best possible offer. Taylor Getler, Lead Writer, Mortgages |
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Fact-checked as of July 1, 2025
Last updated on July 1, 2025
Frequently asked questions
All VA loans follow rules and guidelines set by the U.S. Department of Veterans Affairs. Each lender has its own requirements, such as minimum credit scores. This is why it's important to shop around to compare mortgage rates and qualification requirements.
VA mortgage rates change daily. Rates also vary by lender, and the rate you're offered will depend on factors like your credit score. When shopping VA lenders, compare the annual percentage rate, or APR, to get a complete picture of the true costs. The APR includes the interest rate, fees and other costs of the loan.
The Department of Veterans Affairs doesn't set a minimum credit score for VA loans. But lenders can have their own requirements, and they often look for scores of 620 or higher. Lenders that accept lower scores may require applicants to meet stricter standards in other areas. VA lenders will also look at other factors, such as your debt-to-income ratio, to evaluate your ability to repay the loan.
Methodology
The star ratings on this page reflect each lender's performance in NerdWallet’s VA loans category. We scored the category and chose lenders for this page using the following methodology:
NerdWallet reviewed more than 40 mortgage lenders, including the majority of the largest U.S. mortgage lenders by annual loan volume (measured among lenders with at least a 1% market share), lenders with significant online search volume and those that specialize in serving various audiences across the country.
All reviewed mortgage lenders that offer VA loans were evaluated based on (1) the portion of their business dedicated to VA lending, (2) their market share among all 2023 VA loan originations, (3) their average VA loan origination fees, (4) their average VA loan interest rates, (5) their variety of VA loan types (including VA Energy Efficient Mortgages, VA rehab and renovation loans, VA Interest Rate Reduction Refinance Loans and VA cash-out refinances), (6) their VA interest rate transparency, (7) customer experience. The highest scoring lenders appear on this page. Lenders gained extra points for offering Native American Direct Loans, and lost points for recent government actions regarding violations that harmed customers.
NerdWallet solicits information from reviewed lenders on a recurring basis throughout the year. All lender-provided information is verified through lender websites and interviews. We also utilized 2023 HMDA data for origination volume, origination fee, average interest rate and share-of-product data.
NerdWallet's Best VA Mortgage Lenders of July 2025
- Veterans United: Best for VA specialization
- NBKC: Best for low rates and fees
- First Federal Bank: Best for low rates and fees
- Rate: Best for variety of VA loan types
- Alliant: Best for low rates and fees
- Wells Fargo: Best for rate shopping
- Flagstar: Best for variety of VA loan types
- PenFed: Best for variety of VA loan types
- USAA: Best for rate shopping
- Navy Federal: Best for low rates and fees
- Pennymac: Best for rate shopping
- U.S. Bank: Best for rate shopping
- Truist: Best for rate shopping
