Top 5 VA Lenders in Rhode Island 2019

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If you’re an active or retired member of the United States Armed Forces looking to purchase a home in Rhode Island, there are some amazing mortgage solutions available to you. Rhode Island is home to around 1 million people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have increased by roughly 4.8 percent between December of 2017 through 2018 and are forecasted to rise another 6.2% through 2019.

The rising home values make it essential for home buyers on the market for a mortgage loan to do everything they can to keep their housing costs as low as possible. Getting a great mortgage would probably be the best place to start. And, since VA loans offer amazing benefits that include low interest rates, zero down payment requirements, no prepayment penalties, and no required mortgage insurance, they’re often some of the most desirable loans for current or ex-military home buyers like you.

In this article, we’ll review the best VA approved lenders in Rhode Island and how they can help you on your quest to home ownership.


#1 Rhode Island VA Lender: Embrace Home Loans, Inc

The team over at Embrace Home Loans really knows how to take the fear out of the mortgage process. They take great pride in their singular focus of providing high-quality and affordable home loans to the home buyers that give them their trust.

Embrace Home Loans is home to loan officers who never withhold options from their clients. Every single step and every single action gets explained in full, and if there are any questions, you can bet they will be answered before anyone signs anything into action.

Dozens upon dozens of past clients have attested to the fact that the loan officers of Embrace home loans truly care about securing a home loan with terms and rates that are satisfactory to the borrower. And they manage to do this without incurring any stress or hold-ups during the mortgage transaction.

#2 Rhode Island VA Lender: CrossCountry Mortgage

CrossCountry Mortgage is one of the largest and fastest growing lenders in the United States. Since it was founded in 2003, CrossCountry Mortgage has done its best to meet the rapidly changing needs of the consumer. While it started as simply a small mortgage brokerage, today, CrossCountry Mortgage offers a wide variety of loans, including VA home loans, refinancing, home equity loans, and more.

While the company does have a robust online presence, with applications that can easily be filled out online, it also boasts a strong workforce of mortgage brokers. Its website even has an easy search function that allows potential borrowers to search for a mortgage broker by name or by branch location.

#3 Rhode Island VA Lender: Guaranteed Rate

A Kingpin of the online mortgage trend that plays a large role in Government-Insured financing is Guaranteed Rate. Their participation in the digital mortgage wave leaves many other platforms lacking by comparison.

Guaranteed Rate is extremely experienced with the origination of VA loans. The ability to offer VA financing through one of the best digital mortgage platforms available makes them serious competition to other VA lenders, and highly favored among repeat and first time home buyers. VA loan products are among the highest selling loans through Guaranteed Rate.

The online platform makes securely uploading the important financial documentation requested for a loan approval fast and easy. Borrowers can even check their credit scores through the service, rather than go elsewhere. Guaranteed Rate is one of the rare few digital mortgage platforms where a mortgage loan can be closed without ever needing to speak with someone unless requested by the home buyer.

#4 Rhode Island VA Lender: Quicken Loans/Rocket Mortgage

The amazing team over at quicken loans has truly set the standard for the online mortgage experience. Rocket Mortgage (a division of Quicken Loans) and Quicken Loans have made the otherwise long and tedious process of VA financing as simple and straightforward as possible.

The online VA loan process is highly geared towards a more streamlined user experience. Progress on the status of an VA loan application can be easily tracked online, and there are even specialists standing by to help with any issues that may arise during the transaction including any that deal with an applicant’s Certificate of Eligibility.

The service even keeps applicants posted with any documentation they may have forgotten or still need to provide. The really impressive part happens to be the support staff that can be reached by phone or through the website that is always standing by to offer their advisory services and answer any questions a potential borrower may have.

#5 Rhode Island VA Lender: Fairway Independent Mortgage Corporation

A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for VA financing across the country. Veteran home buyers nationwide will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. In addition, their customer service is well known to be top notch.

Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitation a faster closing.

Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining an VA loan at a great rate in a non-rushed and stress-free environment.


Shop Around Before You Get a Rhode Island VA Loan

Our picks for the best VA lenders in Rhode Island may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.

While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best VA lender in your area, don't hesitate to contact a home.loans mortgage expert!