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Best Military Lenders 2024 – NMP

Posted on by Pranco
Best Military Lenders 2024 – NMP

loanDepot

Irvine, CA
Licensed States: All 50 states
Total VA loans taken out in 2023 by lender: 8,352

Why does this lender serve to protect those it serves?

Supporting our country’s heroes for everything they sacrifice is anchored in the DNA of LoanDepot. We recognize the VA Home Loan as one of the most powerful tools our veterans and active duty service members have earned and we want to ensure they are aware of the benefits of this excellent product, which allows them to purchase a home and live in long-term build. -financial security in the long term.

And as such, serving the military community is a key pillar of LenDepot’s Vision 2025 strategic plan, which focuses on supporting first-time and diverse homebuyers. To deepen our commitment to this community, earlier this year we appointed former Army Sergeant David Smith as vice president of National VA Lending. He leads LoanDepot’s VA Council, a dedicated group of leaders who are veterans and veteran spouses themselves.

Council members serve as subject matter experts responsible for educating loanDepot originators, industry professionals and consumers across the country. They answer questions and offer guidance on the benefits, nuances and misconceptions surrounding VA mortgage products to increase awareness, understanding and use. They also provide individual support to loanDepot originators and underwriters, who may work with VA loans under unique circumstances.

Over the past several years, Smith has trained more than 28,000 real estate agents and consumers in the nuances and benefits of the VA’s powerful home loan program.

Why is this lender the best at supporting military/military borrowers?

LoanDepot is at the forefront of education. VA loans are underutilized because misconceptions still exist among real estate and mortgage professionals, and they are misunderstood or unknown to those who earned them.

We want our originators, broker partners and our nation’s heroes to be educated and understand the true power of the VA loan. That’s why we train each segment every day. In addition to offering a VA Masterclass to our originators, which provides them with the knowledge and skills to tackle the unique challenges of serving our customers, the company offers free public online training. This includes two unique masterclasses for real estate professionals and consumers, aimed at increasing awareness, explaining the benefits and dispelling misconceptions.

LoanDepot’s VA council is also available every day to answer questions from insurers and originators who face complicated VA loan scenarios. This often means finding a path to homeownership for military customers whose applications may have been too complicated and misunderstood by other lenders.

Product-wise, the company offers an extensive VA product portfolio, including programs with a minimum FICO score of 520, and was the first lender to offer a VA renovation loan, which veterans can use to renovate or modify their homes to make them accessible.

LoanDepot also has a proprietary originator tool that identifies real estate professionals in the marketplace with strong experienced client relationships so they can build relationships and leverage their expertise to support homeownership for even more deserving service members across the country.

Movement Mortgage

Indian Country, SC
Licensed States: All 50 states
Total VA loans taken out in 2023 by lender: 6,286

Why does this lender serve to protect those it serves?

At Movement Mortgage, we deeply recognize and honor the sacrifices that military personnel and veterans have made. Serving those who protect our country is not just an obligation, but a mission rooted in our core values. We have more than 100 employees who are veterans, numerous military spouses, children and parents of veterans. In addition, we have a VA Advisory Board that includes veterans, veteran spouses and dedicated advocates who closely serve the military community.

Our specialized VA loans offer favorable terms, including 100% financing without the need for mortgage insurance, resulting in significant savings for borrowers. Our VA-focused loan officers are passionate about navigating the unique challenges military families face, ensuring a seamless homebuying experience.

We are constantly improving to better serve this community. We recently hosted our first-ever VA Summit with over 100 attendees, where we gave away a service dog to an incredibly inspiring and deserving veteran. The summit also provided valuable education to our loan officers on how to better serve the community, and included first-hand insights from veterans themselves.

In addition, we actively work with organizations such as the USO and The Warriors Journey to provide comprehensive support beyond just loans. At Movement Mortgage, serving those who serve is about more than just business; it’s about expressing our gratitude and ensuring military families get the support and opportunities they deserve.

By focusing on the unique needs of military personnel and veterans, offering specialized products and dedicated support, we demonstrate our strong commitment to those who serve to protect our country.

Why is this lender the best at supporting military/military borrowers?

Movement Mortgage stands out as the best choice for supporting military borrowers for several compelling reasons:

Expertise: We process more than 10,000 VA loans annually and bring extensive experience and a deep understanding of the unique needs of military borrowers.

Efficiency: Our VA loan-specific processing is fast and efficient, allowing veterans and military members to bypass red tape and move into their homes faster.

Extensive support: From initial application to closing, we provide detailed tools, guides and checklists to simplify the homebuying process for military personnel.

Specialized refinancing options: Our VA IRRRL and VA Cash-Out refinance programs are specifically tailored to the needs of military borrowers, offering flexible and cost-effective refinancing solutions.

Community involvement: We actively partner with esteemed organizations such as the USO and The Warriors Journey, strengthening our support network for service members and their families.

Flexible eligibility: Competitive minimum FICO score requirements and high maximum loan amounts, we accommodate a wide range of military borrowers, allowing more service members to take advantage of our VA loans.

At Movement Mortgage, our commitment goes beyond making loans. We strive to create a supportive, efficient and beneficial experience for military families, and underscore our commitment to those who serve our country with honor and courage.

Pennymac

Westlake Village, California
Licensed States:All 50 states
Total VA loans taken out in 2023 by lender: 58,515 units

Why does this lender serve to protect those it serves?

As the top 2 mortgage lender in the U.S., Pennymac understands the unique sacrifices made by active duty military personnel, veterans and their families. Our commitment to this community goes beyond providing home loans; it’s about recognizing their service and ensuring they have the tools and support to achieve the dream of home ownership. We specialize in VA loans, offering competitive rates and flexible terms designed to meet the needs of military borrowers.

Pennymac actively works with organizations that support veterans and their families and contribute to their overall well-being. We believe that everyone who has served deserves a place he or she can call home, and we are honored to play a role in making that possible.

Why is this lender the best at supporting military/military borrowers?

Pennymac’s commitment to the military community goes beyond offering VA loans. We have a dedicated Veterans Recruiter in our Talent Acquisition department and a robust SERVE BRG (Business Resource Group) leadership team that actively plans events and initiatives to engage and support military-connected employees and the broader military community. We host events throughout the year to honor and celebrate those who have served. These include:

• Patriot Day events that pay tribute to the sacrifices made on September 11 and highlight organizations like Honor Flight that support veterans.

• Virtual Veterans Day celebrations featuring a color guard, a Pledge of Allegiance and heartfelt expressions of gratitude. We also work with organizations like Operation Gratitude to raise awareness of their important work.

• Women’s History Month events that specifically highlight the unique contributions and challenges faced by women veterans.

• Memorial Day celebrations that honor the memory and sacrifices of fallen service members through shared stories and tributes.

Our commitment extends beyond our internal community. We proudly partner with Honor Flight and sponsor employee guardians to accompany veterans on these life-changing trips. We actively participate in their welcome parties, and our employees write heartfelt letters to veterans expressing their gratitude and respect. We also work with Habitat for Humanity and contribute to their mission to build homes for veterans and their families.

Through these combined efforts, Pennymac demonstrates an unwavering commitment to supporting military borrowers and the broader military community, not only through financial products, but through meaningful engagement, recognition and active contributions to their well-being.