Top 10 Military Loan Lenders

The men and women who serve this country in uniform, and those who have served in the past, are rightly offered special recognition by many institutions.  Some types of recognition are relatively small, such as discounts in restaurants and at retail establishments. Others are more substantial, including financial instruments and institutions dedicated primarily or specifically to active duty military personnel and veterans, along with their families.

For a list of the best mortgage lenders for civilians click here.

However, military personnel are also often targeted by unscrupulous operators, including payday lenders. The list below includes lenders that are specifically dedicated to military personnel and their families in addition to serving the general public. The list includes mortgage lenders as well as lenders offering personal loans. What all these lenders have in common is that they are reputable institutions providing fair and decent loans – not payday lenders.


Federal Housing Administration (FHA)fha

  • No Funding Fee
  • 3.5% Down Payment

Although many veterans understandably prefer to obtain Veterans Administration loans to finance their homes, veterans are also eligible for Federal Housing Administration loans. USAA specializes in helping active military members and veterans find affordable home loans. FHA loans are a particularly good option for vets who have faced difficulties in re-establishing eligibility for VA loans. Unlike VA loans, which require no down payment and no mortgage insurance, FHA loans require at least 3.5 percent down payment, and nearly all FHA loans require mortgage insurance. However, FHA loans do not carry a funding fee, while VA loans carry a funding fee ranging from 0.5 percent to 3.3 percent. 

Veterans United Home Loansveterans-united-home-loans_toe

  • Loans from $150k-$725k
  • Must be for purchase of primary residence

Veterans United Home Loans is the largest VA mortgage provider in the United States. Eligible borrowers can obtain loans from 150,000 dollars minimum to 725,000 dollars maximum for a fixed rate and hybrid mortgages. Along with collecting high marks from consumers, Veterans United Home Loans has earned an excellent A+ rating from the Better Business Bureau. Loans must be applied toward borrowers’ primary residences. However, Veterans United also offer home refinance loans. Military homeowners can use refinance loans to get cash back on a VA refinance and use the money to pay off debt, home improvements, and many other expenses. The two main VA refinance programs are the VA Streamline Refinance, also known as the Interest Rate Reduction Refinance Loan (IRRRL), and the VA Cash-Out Refinance.

New Day USANewDayLogoLarge3

  • Free appraisal
  • Debt consolidation loans

New Day USA specializes in refinancing mortgages for veterans and eligible family members. Borrowers can obtain loans for up to 100 percent of the value of their homes.  New Day USA also provides a free VA appraisal, valued at about 500 dollars. New Day USA also provides loans to allow borrowers to consolidate credit card debt. A significant advantage of New Day USA is that borrowers can qualify with less than perfect credit because the lender considers applicants’ entire financial profile, not just their FICO scores in making a lending decision. 



Navy Federal Credit Unionnavy-federal-credit-union_toe

Despite the name, Navy Federal Credit Union is open to active duty personnel, veterans and family members of the Army, Marines, Air Force and the Coast Guard, in addition to members of the navy. Employees of the Department of Defense are also eligible to join the credit union. Navy Federal Credit Union provides a range of loans, including mortgages, home equity loans, and auto loans. Interest rates are as low as 1.49 percent for auto loans and 3.361 percent for mortgages.


USAA represents one of the most prominent organizations providing financial services for military personnel, veterans, and their eligible family members.



As an online lending marketplace, LendingClub loans are available to the general public. However, military personnel potentially have a distinct advantage because of the detailed personal and financial information prospective borrowers must include in their profiles. Borrowers must have a FICO score of at least 640 to qualify for LendingClub loans. 

Omni Financial Military Loansomni-military-loans_toe

  • Apply online or in person

Omni Financial Military Loans offer eligible borrowers personal loans ranging from 500 dollars to 10,000 dollars. Stateside borrowers may apply online or visit a brick-and-mortar Omni Financial facility; personnel stationed overseas can complete their applications online. Approved borrowers can pick up a check; receive their funds via direct deposit to their bank accounts or through a prepaid online virtual Visa card.                                                           


Pioneer Services represents another online lending option for military personnel seeking personal loans. Pioneer also offers bereavement loans, disaster relief, and convalescent leave loans. Borrowers complete applications online or over the phone, and are evaluated according to a proprietary Military Scoring model.


Small Business Administration (SBA) Patriot Express Loan Programsba-logo

The SBA has instituted the Patriot Express Loan Program in collaboration with banks and lending institutions across the country. SmartBiz SBA loans is a company that specializes in SBA loans and can process them in a matter of weeks instead of months. Approved borrowers can obtain loans of up to 500,000 dollars. Funds can be used to start or expand an existing business, finance equipment purchases, working capital, business-related real estate or inventory

Featured lenders for personal loans

Lending PartnerMinimum FICO scoreEstimated APR 
60015.49% – 34.99%*Apply
6804.99% – 14.24% (with AutoPay)*Apply
5.49% – 14.29% APR (with AutoPay)*
4.98% – 11.44% APR (with AutoPay)*
6605.99% – 35.89%*Apply
6204.93% – 29.99%*Apply
5809.95% – 35.99%*Apply
7005.25% – 12%*Apply