10 Best VA Loans of 2017

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VA loans are mortgages and mortgage refinances specifically for military servicemembers, veterans, and spouses that are backed by the Department of Veterans’ Affairs. They are technically normal home loans issued by everyday banks and lenders, but because of the VA’s insurance they feature lower than average rates and other special stipulations.

VA loans are an excellent program for qualifying active and former servicemembers and their qualifying spouses who wish to purchase a home or refinance their existing home. One can also use a VA loan for new home construction in certain situations.

When taking out a VA loan there are a series of factors to consider that will affect monthly payments and interest rates. Seeking a single-family home, compared to a condominium, for instance, will make a difference. You must also determine if you are looking for a VA loan for purchase, refinance, or streamline refinance loan. If you are a veteran or spouse, you’ll also need to see if you qualify for a certificate of eligibility.

Prior to the finalization of a VA, make sure to look at the fine print. Is there an appraisal fee? Will there be origination, closing, and inspection fees? Is mortgage insurance required? Are credit reports provided? By and large, the answers to these questions will depend on the lender, so if asked and addressed up front, then there won’t be any surprises later.

Top 10 Companies

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9.9 / 10
  • Easier qualification compared to conventional loans
  • Quick, easy application process
  • Get the best rates by letting banks compete for your business
  • Calculate what you can afford with VA Loan Calculator
  • Free personalized mortgage rates in minutes
JG Wentworth
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9.4 / 10
  • Low interest rates and award-winning customer service
  • A+ rating with the Better Business Bureau
  • Equal Housing Lender
  • Fannie Mae, Freddie Mac and GNMA Seller/Servicer
  • Online mortgage calculator and quotes
  • U.S. Chamber of Commerce Member
  • Top 10 Home Lending Customer Satisfaction on Lending Tree Platform – 1Q 2017
CrossCountry Mortgage
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9.3 / 10
  • Up to 100% financing available with no mortgage insurance
  • No appraisal needed for VA Streamline Refinance loans
  • Get pre-qualified online
  • Free personalized rate quotes
  • Approved Equal Housing Opportunity Lender
  • Mortgage Bankers Association Member
  • Mortgage tools and tips
Our Partner
9.3 / 10
  • A+ BBB Accredited
  • Equal Housing Lender
  • Online Mortgage Calculator
  • No Steering Policy
  • VA mortgage calculator available
  • VA loans for purchasing and refinancing home
  • loanDepot Lifetime Guarantee
VA Benefit Survey
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9.3 / 10


  • $36,000 basic entitlement available to each eligible veteran
  • Wide network of VA loan providers
  • Free loan inquiry
  • Request a $0 down VA Loan of up to $417,000
Rate Marketplace
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9.2 / 10
  • Get up to 5 quotes free
  • A+ BBB Accredited
  • Equal Housing Opportunity Lender
  • Mortgage Bankers Association Member
  • Large network of lending companies and financial institutions
  • Find and compare VA loans from multiple lenders
  • Low down payment options and origination fee
  • Free, personalized rate quote in just a minute
  • Get email alerts when interest rates change
  • Mortgage calculator available
  • FDIC Member
  • Equal Housing Lender
  • A+ BBB Accredited
  • Get Pre-Approved VA Loans in Few Minutes
  • Loans up to $417,000
  • Rated an A+ by the BBB  
  • Up to 100% VA Cash out
  • Funding Fee waived for Disabled Veterans
  • No Down Payment
  • 2.15% Funding Fee for 1st Time Use
Quicken Loans
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9.0 / 10
  • Refinance up to 120% of your home’s value with VA loans
  • Dedicated VA mortgage bankers that are professional in VA loan process
  • Track your mortgage process with MyQL
  • Gives rates right on your phone with Mortgage Calculator app
  • Buy a home without money down
  • Jumbo VA loans up to $1,500,000
  • 15-, 20-, and 30-year fixed rate loans and 5-year ARM loans
  • No monthly private mortgage insurance
Rocket Mortgage
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8.8 / 10
  • Equal Housing Opportunity Lender
  • Completely paperless mortgage application process
  • Customizable mortgage solution based on real-time rates
  • Get approval for home purchasing or mortgage refinancing in minutes
  • Share financial information securely at the touch of a button
  • Adjust your down payment to find a solution suitable for your needs
  • 24/7 security monitoring
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Best VA Loans: Summed Up

RankCompany NameStrengths
1LendingTreeBest Overall
2JG WentworthVA Loan Rates
3CrossCountry MortgageMortgage Fees
4loanDepotTypes of Homes, Home Mortgage Options

How We Compare VA Loans

Select 2 va loans companies to compare
Types of Homes - 15%
Home Mortgage Options - 20%
Qualifying - 20%
Mortgage Fees - 20%
VA Loan Rates - 25%

Customer Questions & Answers

What are the requirements for a VA loan?

Instead of strict qualification requirements, VA loan applicants must indicate a stable source of income - emphasizing the need for residual income. This refers to the remaining financial excess after all monthly expenses have been covered. That way, not only will the loan be paid off, but familial expenses will not be neglected in the process.

Who is eligible for a VA loan?

Active military members, veterans, and surviving spouses are eligible for VA loans. Eligibility is based on service minimums, which include 181 days during peacetime, 90 during wartime, or six years in the reserves. Surviving spouses are considered eligible if the service member in question died in combat, or from a disability sustained in the field.

How does a VA loan work?

While the United States Department of Veterans Affairs does not itself issue VA loans, it does guarantee a percentage of repayment to lenders, should the borrower default. Eligible applicants, which include active military, veterans, and surviving spouses, are able extend financing through the VA loan program, provided that they meet the basic service time requirements.

What is a VA loan?

A VA loan is a loan backed by the United States Department of Veterans Affairs (VA). Intended for American military veterans or their surviving spouses, VA loans offer favorable long-term mortgage options. As opposed to standard loans, which may be issued by any lender, VA loans may only be granted by specifically qualified lenders.

Resources From Our Editors
VA Home Loan Financing for Veterans & Military Personnel
At the conclusion of World War II in 1944, the United States Congress passed the Servicemen’s Readjustment Act, which provided a wide variety of benefits to eligible veterans. All of the benefits were designed to help veterans who served in the...
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