Benefits of Working With a VA Home Loan Specialist
A VA home loan specialist can assist you in obtaining the right mortgage for your specific needs. These loans are especially beneficial for active duty members and veterans who may be unable to qualify for a traditional mortgage. These loans are also more affordable than conventional mortgages and can help you get the house of your dreams. Here are some of the benefits of working with a VA home loan specialist. Read on for more information. You can also take advantage of other great programs offered by Veteran’s United, too.
Veterans United is a home loan specialist with a low complaint rate. They specialize in home loans backed by the U.S. Department of Veterans Affairs (VA). These loans often require no down payment, low credit thresholds, and low rates. Additionally, VA home loans are often free from mortgage insurance payments. Those with a military service history should consider this home loan specialist for their next mortgage. Here are some benefits of using Veterans United:
Veterans United offers 24 hour customer service, branches in 17 states, and a nationwide presence. Their fees vary depending on the loan product and the borrower’s credit profile. In a recent JD Power survey of 25 mortgage lenders, Veterans United earned an overall satisfaction rating of 889. However, this service is not perfect. If you have bad credit, be sure to shop around. Veterans United is not for everyone. It may be a good choice if you don’t need a large down payment.
For the best chances of qualifying for a Veterans United home loan, you must have a 620 credit score. Veterans United’s underwriter will look at your debt-to-income ratio (DTI). This number measures how much of your income is going toward payments on existing debts, including your mortgage, credit cards, and new housing payment. It should be below 41%. If your DTI is higher than this, you may be disqualified.
Veterans United offers VA loans that are better than conventional or FHA loans, but are not available to buy second homes. While this is true in some cases, it is important to remember that a VA loan isn’t suitable for second homes or investment properties. You will need to use conventional financing for these properties. Contact Veterans United for details on their programs and eligibility requirements. The company is available by phone, email, and regular mail.
For Veterans who want to refinance their mortgages, Veterans United Home Loans may be the perfect option. This loan is a great way to reduce monthly payments and own your home sooner. The process of refinancing can take as little as 30 days. Depending on your situation, it might be time to consider a different home loan type. If your credit score is low enough, it may even be possible to qualify for a refinance loan.
Veterans United specializes in VA loans. However, the company does offer FHA, USDA, and conventional loans. It also offers VA energy efficient mortgages, which allow vets to borrow money to make qualified improvements. Compared to other home loan specialists, Veterans United’s mortgage rates are slightly higher than the average. You can get rate quotes online, over the phone, or via their website. They also have an extensive educational section for veterans.
The fees charged by Veterans United Home Loans vary depending on the type of loan and the amount of the loan. Veterans United Home Loans’ website lists current VA loan rates and updates them daily. Veterans can also request customized rates. In addition to its impressive track record, Veterans United Home Loans is highly rated on Trustpilot. They continue to receive high marks in mortgage origination surveys conducted by J.D. Power.
Employees of Veterans United Home Loans are pleased with their work environment and colleagues. Approximately two-thirds of employees give their co-workers an A+ rating, while 27% rate their managers A. The team atmosphere is positive and employees look forward to getting together with their co-workers. Additionally, seventy-one percent of employees work less than eight hours a week, which makes it easy to fit into your schedule.