In honor of Memorial Day and remembering those who have served and are currently serving, ATTOM Data thought it may be interesting to see the top Veteran Affair (VA) lenders in the nation who are making it easier for our veterans to get financing to purchase a home. No surprise to see Veteran United Home lender as one of the top VA loan lender in 2017, with a total of 26,265 VA loans, followed by USAA with 26,002 VA loans but the one that may stick out the most is Quicken Loans with 25,858 VA loans. See below for a list of the Top 10 VA lenders in 2017:
Lender Name – VA Loans | Purchase | Refi | Grand Total |
Veteran United Home Total | 21,455 | 4,810 | 26,265 |
USAA Total | 17,036 | 8,966 | 26,002 |
Quicken Total | 6,459 | 19,399 | 25,858 |
Navy FCU Total | 12,736 | 7,028 | 19,764 |
Loan Depot Total | 2,251 | 15,053 | 17,304 |
Freedom Mortgage Total | 1,276 | 13,827 | 15,103 |
Caliber Total | 4,445 | 2,948 | 7,393 |
New Day Total | 347 | 5,701 | 6,048 |
Fairway Total | 4,979 | 1,037 | 6,016 |
PennyMac Total | 256 | 5,332 | 5,588 |
While the share of VA loans may not be at an all-time high, we are seeing a strong progression since 2006, when the share of VA loans was at an all-time low with 0.6 percent of all loans backed by the VA. In fact, 2016 saw the largest share of VA loans with 7.3 percent total loans being VA loans, which is only down slightly in 2017 with 6.6 percent of total loans originating from the VA.
Total Loan Origination Share | |
Year | Veterans Administration Loan |
2006 | 0.6% |
2007 | 0.7% |
2008 | 1.7% |
2009 | 3.1% |
2010 | 3.2% |
2011 | 4.1% |
2012 | 4.7% |
2013 | 4.7% |
2014 | 5.7% |
2015 | 6.2% |
2016 | 7.3% |
2017 | 6.6% |
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