At a Glance

Veteran.com is an online marketplace for VA loans. You provide information about yourself and the VA mortgage or refinance you’re looking for, and Veteran.com matches you with suitable VA-approved lenders. Veteran.com is owned by Mortgage Research Center and is a sister brand of Veterans United, the third-largest VA loan lender in the United States in 2021.

Key Figures

Loan types: Purchase, Refinance

Loan products: VA

APRs start from: Not stated

Minimum credit score: 620

Repayment terms: 15-30 years

People use Veteran.com to quickly compare VA loans from multiple lenders. As its name suggests, Veteran.com is dedicated entirely to serving those who have served their country. Veteran.com is a sister brand of Veterans United, one of the largest VA lenders in the country. As such, it is well placed to find you good deals from Veterans United and other VA lenders.

Before applying, be aware that Veteran.com doesn’t offer any type of mortgage loan other than VA Loans. Therefore, if you’re in the market for a conventional mortgage, FHA loan, or any other type of mortgage, you’ll need to look elsewhere.

How it Works

Veteran.com matches you with VA loans, which are loans underwritten by the Department of Veterans Affairs. As such, Veteran.com only serves borrowers who meet one of the following VA Loan eligibility requirements:

• 181 days on active duty in peacetime;
• 90 consecutive days active duty in wartime;
• 6 years in the National Guard or Reserve; or
• Spouse of a Veteran who died in the line of duty.

Every VA loan applicant must obtain a Certificate of Eligibility from the Department of Veterans Affairs as a precondition to getting approved. Once you have your certificate, you can go ahead and get a mortgage from any lender in the Veteran.com network.

Types of Loans

As discussed, Veteran.com offers helps facilitate one type of home loan: the VA loan. A VA Loan is a loan offered by a private lender and partially guaranteed by the federal government’s Department of Veterans Affairs.

Purchase options include:

• VA purchase loan. Like a conventional loan, but with no down payment or private mortgage insurance required. Requires a one-time VA funding fee of 0.5% - 3.6% of the loan amount.

Refinance options include:

• VA Interest Rate Reduction Refinance Loan (IRRRL). Streamlined refinance that may get you a lower interest rate, and that moves you from to a fixed rate over the life of the loan (if you currently have an ARM). Requires a one-time VA funding fee.

• VA cash-out refinance. Similar to the IRRRL, but with the option to borrow more than you currently owe on your home–and cash out the excess amount. Requires a one-time VA funding fee.

Loan Features

Veteran.com is purely an online comparison marketplace and doesn’t offer any other features.

Rates and Terms

Veteran.com doesn’t advertise rates and fees. To find out your personalized prequalified rate, you’ll need to take a few minutes to fill out the Veteran.com online form. The good news about this service is that it's free and doesn’t require any commitment on your part. It won’t even affect your credit score.

All VA loans require a one-off VA funding fee, no matter which lender you end up using. The funding fee is determined by the following factors: first use of a VA loan or after first use; purchase or refinance; down payment (10% or higher gets you a lower funding fee).

Lenders in the Veteran.com network offer repayment terms between 15 to 30 years.

Summary

If you’re just starting out your search for a VA loan or VA refinance, then it stands to reason that you want to compare lenders. Veteran.com shows you offers from multiple lenders, making it easy to compare rates and terms. The platform is free to use and it won’t affect your credit score–making it a reasonable place to start your search for a VA loan.

Contact Veteran.com

Veteran.com is owned by Mortgage Research Center, LLC. It doesn’t offer any means of contact. Mortgage Research Center is headquartered at 2101 Chapel Plaza Ct., Columbia, MO 65203.