Veterans United Home Loans Mortgage

Veterans United Home Loans Mortgage Review

Veterans United Home Loans Mortgage are offered by Veterans United Home Loans (NMLS #1907), a direct lender founded in 2002 and based in Columbia, MO. Veterans United Home Loans Mortgage are available in 50 states (and Washington, DC).

Key Takeaways

• 3 different mortgage programs offered. Veterans United Home Loans Mortgage offers FHA, USDA, VA, conforming, and conventional mortgages.
• Financing for single-family and multi-family properties. However, Veterans United Home Loans does not offer financing for manufactured homes.
• Non-standard interest rates available. Veterans United Home Loans Mortgage only offers hybrid mortgages.
• Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
• Origination fee of 1%. This is on the low end for lenders that charge an origination fee. However, some lenders don't charge an origination fee.
• Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Veterans United Home Loans Mortgage.
• Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Veterans United Home Loans Mortgage.

Veterans United Home Loans Mortgage Pros & Cons

Veterans United FAQ

How much can you borrow via Veterans United Home Loans?

Veterans United allows borrowers to apply for loan amounts of up to $1,500,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with Veterans United?

Veterans United offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does Veterans United Home Loans offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Veterans United offers home loans with APRs starting at 2.6% and up to 8%.

Do they charge mortgage origination fees?

Yes, Veterans United may charge a loan origination fee of 1% of the loan amount.

Does Veterans United charge prepayment fees?

No, Veterans United does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What mortgage programs are available?

Besides conventional mortgages, Veterans United offers the following mortgage types:

• FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.

What property usage types does Veterans United allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Veterans United allows the following property usage types: 

• Primary home
• Secondary homes and vacation properties
• Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for Veterans United Home Loans Mortgage is (800) 884-5560.

What is the support contact email?

The support contact email for is customer_service@vu.com.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.