What is veterans united?

What is Veterans United?

Veterans United Home Loans is a privately-held mortgage company that specializes in helping veterans, active-duty military personnel, and their surviving spouses obtain VA loans to purchase, refinance, or improve a home. With over 25 years of experience, Veterans United has become one of the largest and most trusted VA lenders in the United States.

History

Veterans United was founded in 1999 with a mission to help America’s heroes achieve the American dream of homeownership. The company started with a small team of employees and a single office in Columbia, Missouri. Over the years, Veterans United has grown exponentially, expanding its operations to multiple locations across the country. Today, the company employs over 5,000 people and has helped more than 250,000 veterans achieve homeownership.

Benefits of Working with Veterans United

So, why should veterans choose Veterans United as their VA lender? Here are some of the benefits:

• Low rates and fees: Veterans United offers competitive rates and fees to ensure that veterans get the best possible deal on their VA loan.
• Expertise: The company has a team of experienced mortgage professionals who specialize in VA loans and can guide veterans through the process from start to finish.
• Streamlined process: Veterans United uses technology to streamline the VA loan process, making it faster and more efficient.
• Customized solutions: The company offers customized solutions to meet the unique needs of each veteran, whether they’re purchasing a new home, refinancing their existing mortgage, or modifying their home.

VA Loan Benefits

Veterans United specializes in VA loans, which offer some incredible benefits to eligible veterans. Here are some of the key benefits:

• No down payment: VA loans require no down payment, making it easier for veterans to purchase a home.
• Lower interest rates: VA loans often offer lower interest rates than traditional mortgages, which can save veterans thousands of dollars in interest over the life of the loan.
• No private mortgage insurance (PMI): Because VA loans are backed by the Department of Veterans Affairs, veterans are not required to pay private mortgage insurance (PMI).
• Flexible credit requirements: VA loans have more flexible credit requirements than traditional mortgages, making it easier for veterans to qualify.
• Longer loan terms: VA loans can be secured for up to 30 years, making them more affordable for veterans.

Types of VA Loans

Veterans United offers several types of VA loans, including:

• Purchase loans: VA purchase loans help veterans purchase a primary residence.
• Cash-out refinances: VA cash-out refinances allow veterans to refinance their existing mortgage and tap into the equity in their home.
• IRRRLs: VA Interest Rate Reduction Refinance Loans (IRRRLs) help veterans refinance their existing VA loan to a lower interest rate.
• Modifications: VA home loan modifications help veterans make their mortgage payments more affordable by reducing the interest rate or extending the loan term.

The Application Process

The VA loan application process is typically more streamlined and efficient than traditional mortgage applications. Here’s an overview of the steps:

• Pre-approval: Veterans can get pre-approved for a VA loan by providing Veterans United with some basic information, including their credit score, income, and employment history.
• Application: The veteran submits a formal loan application, which includes providing documentation such as income, employment, and asset statements.
• Processing: Veterans United reviews the application and orders an appraisal of the property.
• Underwriting: The VA reviews the loan application and makes a decision on approval.
• Closing: The veteran signs the final loan documents and the loan is funded.

Frequently Asked Questions

Here are some of the most frequently asked questions about Veterans United and VA loans:

• What is a VA loan?: A VA loan is a mortgage loan guaranteed by the Department of Veterans Affairs, designed to help eligible veterans, active-duty military personnel, and their surviving spouses purchase, refinance, or improve a home.
• Who is eligible for a VA loan?: Eligible borrowers include active-duty military personnel, veterans, and surviving spouses of deceased veterans.
• What is the maximum loan amount for a VA loan?: The maximum loan amount for a VA loan varies depending on the location, but it’s typically equal to 25% of the median home price in the area.

Conclusion

Veterans United is a trusted and experienced VA lender that has helped over 250,000 veterans achieve homeownership. With its expertise in VA loans, streamlined process, and customized solutions, Veterans United is the perfect partner for veterans looking to purchase, refinance, or improve a home. Whether you’re a veteran looking for your first home or a surviving spouse seeking to modify your existing mortgage, Veterans United is here to help you achieve your housing goals.

Table: VA Loan Benefits

Bullets List:

• Competitive rates and fees
• Expertise in VA loans
• Streamlined process
• Customized solutions
• Eligible for veterans, active-duty military personnel, and surviving spouses
• Maximum loan amount varies by location
• Pre-approval, application, processing, underwriting, and closing stages