Top 5 VA Lenders in Texas 2019
If you’re an active or retired member of the United States Armed Forces looking to purchase a home in Texas, there are some amazing mortgage solutions available to you. Texas is home to almost 29 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 8.2 percent between December of 2017 through 2018 and are forecasted to rise another 3.4% 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 Texas and how they can help you on your quest to home ownership.
#1 Texas VA Lender: United Services Automobile Association (USAA)
The United States Automobile Association was originally founded in San Antonio, Texas back in 1922 as a way for Army officers to secure affordable auto insurance, but has since evolved into one of the largest and most trusted banking and lending institutions in the country. The USAA is now a Fortune 500 giant, and the 100th largest corporation in the United States (by total revenue).
When it comes to home finance, there is no surprise that the USAA is one of the biggest VA home loan lenders in the entire country. As a company founded by soldiers almost a century ago, the commitment, respect, care, and dedication to serving the needs of the brave men and women who serve our country has never once wavered.
The USAA has employed expert loan officers who make it their duty to make sure that every loan product, particularly their VA loans, is the best possible mortgage solution for their clients. As a home buyer, there are hardly any lenders who come close to providing such excellent customer care while delivering a mortgage loan that has just the right terms and is still impressively affordable.
#2 Texas VA Lender: Academy Mortgage Corporation
Academy Mortgage Corporation has been around since 1988, and has made a name for themselves on a national scale. The company is committed to responsible lending practices, especially with the ever-changing economy of today.
Unlike many mortgage brokers around, Academy Mortgage Corporation has the advantage of being a direct mortgage lender. This means that they handle all loan processing, underwriting, closings, and funding at their local branch offices.
Being a direct lender, means being able to close mortgage loan transactions as efficiently and quickly as possible, sometimes even in a matter of days! With the security and efficiency of their in-house loan origination and management, they are one of the best when it comes to speedy and affordable VA financing!
#3 Texas 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 also 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 Mortgages are one of 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 Texas VA Lender: J P Morgan Chase Bank
Chase Bank is a big name both in and out of the home finance industry. Throughout the region, Chase is highly commended by previous clients as being an incredible mortgage lender, who gets the job done as advertised.
Finding a nationally acclaimed bank on a top 5 list shouldn't come as that much of a surprise, but when it comes to mortgage, often times the larger institutions are less willing to go above and beyond for home buyers. Luckily, Chase is the exception.
Chase has countless years of experience with and an impressive volume of VA mortgages under its belt. Home buyers can expect personalized service and readily available advisers while working with the financial giant.
#5 Texas VA Lender: Premier Nationwide Lending
With an amazing track record on the home finance market, Premier Nationwide Lending is not just a fancy sounding name. One look at their reviews, and its easy to understand why.
Clients who have obtained home loans through Premier have almost nothing negative to say about the company or its expert loan officers. Many have marveled at the speed and efficiency of the Premier Nationwide Lending team, and refuse to seek any other mortgage lender for future transactions.
Obtaining an VA loan through Premier is no exception, and home buyers can expect 5 star service throughout the entire mortgage transaction from a highly experienced and knowledgeable loan officer. They may even be able to provide lower rates than any of the competition!
Shop Around Before You Get a Texas VA Loan
Our picks for the best VA lenders in Texas 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!