![]() While you may see rates for a 30-year fixed-rate VA loan and a 15-year fixed-rate VA loan, you can’t customize the rates to your situation, and you can’t find rates for the other types of loans offered, such as conventional, USDA or FHA. After completing all the questions, you don’t see a preliminary offer (as you do for some competitors). If you go through the “Start Your Quote” pipeline, you’ll be prompted to answer a series of questions including credit score range, home price, military branch, current address, email and phone number. You can find plenty of information on Veterans United’s website, including VA loan overviews, guidelines, articles and videos. View more mortgages What Can You Do Online With Veterans United? Refinance: Veterans United offers refinance options, including VA streamline (interest rate reduction loan) and cash-out. You’ll find VA and conventional jumbo loans offered at Veterans United. A jumbo loan is required when the loan is above the government-set conventional loan limits. ![]() ![]() Jumbo loan: For home purchases that exceed $726,200, you have to apply for a jumbo loan. Veterans United offers 30-year and 15-year fixed rate FHA loans and 5/1 ARMs. You can apply with lower credit scores and down payment savings as low as 3.5%. Veterans United offers 30-year USDA loans.įederal Housing Administration (FHA) loan: This government-backed mortgage option has more flexible lending requirements than conventional loans. The government-backed loan requires zero down payment and is available to those who meet income requirements. USDA loan: This is an option if you’re buying a home in a rural or underdeveloped area. Choose from 15-year, 20-year, 25-year or 30-year fixed-rate terms or a 5/1 ARM. The company really stands strong behind its VA focus, but this type of loan is an option for you if you don’t qualify for a VA loan or other government-backed option, such as a USDA or FHA loan. Your options for this type of mortgage loan are a 15-year fixed rate, 20-year fixed rate, 25-year fixed-rate, 30-year fixed rate or a 5/1 ARM.Ĭonventional loan: You won’t find much information regarding the conventional home loans offered by Veterans United. Certain spouses may also be eligible.Īs you may have guessed from the name, Veterans United specializes in this type of loan. National Guard and Reserve members need six years of service if they haven’t spent the minimum time on active service. Active duty service members and veterans of active service are generally eligible after 90 to 181 days of service. VA loan: First off, you have to meet the standards set forth by the Department of Veterans Affairs to be eligible for this type of loan. However, although much less popular among its customer base, Veterans United does offer alternative mortgage options for those who either don’t qualify for a VA loan or who are seeking another option. In fact, you have to really dig to find any information about other loan offerings on the company’s website. VA loans are the bread and butter of Veterans United. What Kind of Mortgage Can I Get With Veterans United? If you’re looking for a physical office, Veterans United has branch locations in 21 states: Alabama, Alaska, Arizona, California, Florida, Georgia, Hawaii, Idaho, Illinois, Kentucky, Kansas, Missouri, Nebraska, Nevada, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia and Washington. Veterans United originates loans in all 50 states online or over the phone.
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