Backed by the U.S. Department of Veterans Affairs, the VA home loan program is a powerful earned benefit for eligible homebuyers and property owners.
Characterized by low interest rates, little to no down payment or equity requirements, and no ongoing mortgage insurance costs, VA loans are a consistently popular option among veterans, active-duty service members, and surviving spouses who qualify.
But while the federal government backs these loans, they are funded by VA-approved private lenders – and not all lenders offer the same rates, fees, and level of customer service.
To help you select the right company to work with, we’ve compiled lists of the top VA lenders, ranked by the number of loans they completed in 2025, both overall and across a wide range of loan and lender types.
Top 25 VA Mortgage Lenders by Loans Completed in 2025
The VA insured more than 560,000 newly issued home loans in 2025. How did the nation’s top VA lenders stack up? Let’s take a look at the 25 biggest VA mortgage lenders ranked by the total number of loans completed for the year.
| Rank | Lender | Loans Completed | Total Volume | Average Loan |
|---|---|---|---|---|
| 1 | Mortgage Research Center | 76,057 | $25,942,025,000 | $341,087 |
| 2 | United Wholesale Mortgage | 71,372 | $31,008,470,000 | $434,463 |
| 3 | Freedom Mortgage | 34,772 | $13,086,800,000 | $376,360 |
| 4 | Rocket Mortgage | 33,885 | $13,308,195,000 | $392,746 |
| 5 | Navy Federal Credit Union | 19,100 | $7,489,250,000 | $392,107 |
| 6 | Pennymac | 16,581 | $6,909,825,000 | $416,731 |
| 7 | Newrez | 13,733 | $5,992,935,000 | $436,389 |
| 8 | DHI Mortgage | 11,919 | $4,340,845,000 | $364,195 |
| 9 | CrossCountry Mortgage | 11,522 | $5,068,620,000 | $439,908 |
| 10 | LoanDepot | 8,540 | $3,446,060,000 | $403,520 |
| 11 | New Day Financial | 8,341 | $2,353,145,000 | $282,118 |
| 12 | USAA | 7,648 | $2,924,460,000 | $382,382 |
| 13 | Village Capital & Investment | 7,566 | $2,903,040,000 | $383,695 |
| 14 | CMG Financial | 7,268 | $3,457,050,000 | $475,654 |
| 15 | Guild Mortgage | 7,238 | $2,915,410,000 | $402,792 |
| 16 | Guaranteed Rate | 6,768 | $3,091,780,000 | $456,823 |
| 17 | Movement Mortgage | 6,668 | $2,774,070,000 | $416,027 |
| 18 | Fairway Independent Mortgage Corporation | 6,517 | $2,775,415,000 | $425,873 |
| 19 | Lennar Mortgage | 5,826 | $2,257,940,000 | $387,563 |
| 20 | Mortgage Solutions Financial | 4,544 | $1,482,230,000 | $326,195 |
| 21 | Planet Home Lending | 4,532 | $1,758,480,000 | $388,014 |
| 22 | New American Funding | 4,328 | $1,677,540,000 | $387,602 |
| 23 | The Federal Savings Bank | 4,160 | $1,699,130,000 | $408,445 |
| 24 | Equity Prime Mortgage | 3,637 | $1,292,235,000 | $355,302 |
| 25 | Union Home Mortgage | 3,392 | $1,237,570,000 | $364,850 |
Top Overall VA Lenders by Loans Completed
Here’s a quick run-down of the top 10 overall VA lenders for 2025, based on the number of loans they originated last year.
1. Mortgage Research Center
Mortgage Research Center, better known for its public-facing brand Veterans United Home Loans, takes the #1 spot with a whopping 76,057 VA loans completed in 2025, representing more than 13.5% of all VA loans issued. Since its founding in 2002, Columbia, Missouri-based Veterans United has been dedicated to helping service members and veterans achieve their homebuying and refinancing goals.
Veterans United Home Loans is a registered DBA of Mortgage Research Center, LLC, an affiliate of Three Creeks Media.
2. United Wholesale Mortgage
Coming in second with more than 71,000 VA loans completed last year, United Wholesale Mortgage maintains a significant presence in the VA market. However, unlike the other top lenders on our list, United Wholesale Mortgage does not work directly with borrowers; instead, it offers loans through its network of mortgage brokers and correspondent lenders.
3. Freedom Mortgage
In business since 1990, Boca Raton, Florida-based Freedom Mortgage specializes in connecting borrowers with government-backed loans, including those offered through the VA home loan program. Freedom Mortgage ranked #3 overall for 2025 based on a total of 34,772 VA loans issued.
4. Rocket Mortgage
Originally founded in 1985 as Rock Financial, Rocket Mortgage has evolved into one of the nation’s largest and most well-known mortgage providers. A fully digital lender, Rocket Mortgage maintains no physical locations and instead reaches borrowers through its technologically-driven online presence.
5. Navy Federal Credit Union
Navy Federal Credit Union is a not-for-profit financial institution serving more than 15 million members through nearly 400 branches worldwide. With membership limited to service members, veterans, Department of Defense employees, and their families, it’s little surprise that Navy Federal ranks fifth with 19,100 VA loans issued in 2025.
6. Pennymac
Headquartered in Westlake Village, California, Pennymac is a nationwide mortgage lender that operates both directly to consumers and through extensive wholesale and correspondent channels. In 2025, Pennymac completed more than 16,500 loans through the VA mortgage program.
7. Newrez
Since its founding as New Penn Financial in 2008, Newrez has grown into a major presence in the mortgage industry, known for its wide range of loan offerings, including conventional mortgages, government-backed loans, and custom non-qualified products for borrowers with unique financing needs.
8. DHI Mortgage
DHI Mortgage is the in-house lender for D.R. Horton, the largest new home builder in the country. The only builder-affiliated lender to make the overall top ten, DHI Mortgage completed an impressive 11,919 VA loans in 2025.
9. CrossCountry Mortgage
Cleveland, Ohio-based CrossCountry Mortgage connects with borrowers through more than 700 branch locations in all 50 states, Washington, D.C., and Puerto Rico. As one of the most expansive retail lenders in the nation, CrossCountry takes the #9 spot with more than 11,500 VA loans issued last year.
10. LoanDepot
Founded in 2010, LoanDepot is a major non-bank lender that helps consumers purchase and refinance homes through its strong digital presence and a nationwide network of retail locations. LoanDepot rounds out the top 10 overall VA lenders for 2025 with a total of 8,540 VA loans completed.
Top VA Lenders by Purchase Loans Completed in 2025
Despite residential sales dipping to their lowest level in 14 years, more than 330,000 buyers used a VA loan to purchase a home in 2025.
Here are the top VA lenders for the year based on the number of purchase loans originated.
| Rank | Lender | Loans Completed | Total Volume | Average Loan |
|---|---|---|---|---|
| 1 | Mortgage Research Center | 62,275 | $21,225,395,000 | $340,833 |
| 2 | United Wholesale Mortgage | 21,368 | $10,112,270,000 | $473,244 |
| 3 | Navy Federal Credit Union | 15,281 | $5,954,495,000 | $389,667 |
| 4 | DHI Mortgage | 11,919 | $4,340,845,000 | $364,195 |
| 5 | Rocket Mortgage | 8,979 | $3,944,585,000 | $439,312 |
| 6 | CrossCountry Mortgage | 8,374 | $3,688,610,000 | $440,484 |
| 7 | USAA | 6,340 | $2,459,060,000 | $387,864 |
| 8 | CMG Financial | 6,332 | $2,957,960,000 | $467,145 |
| 9 | Guild Mortgage | 6,059 | $2,423,405,000 | $399,968 |
| 10 | Lennar Mortgage | 5,826 | $2,257,940,000 | $387,563 |
Top VA Lenders by Cash-Out Refinances Completed in 2025
As of the fourth quarter of 2025, homeowners nationwide had a cumulative $34.15 trillion in built-up equity. With that much money on the table, it’s of little surprise that more than 83,000 property owners used a VA cash-out refinance to borrow against their home’s value.
Here are the top 10 VA lenders based on the number of cash-out refinances funded in 2025.
| Rank | Lender | Loans Completed | Total Volume | Average Loan |
|---|---|---|---|---|
| 1 | United Wholesale Mortgage | 13,550 | $5,160,140,000 | $380,822 |
| 2 | Rocket Mortgage | 12,273 | $4,298,705,000 | $350,257 |
| 3 | Freedom Mortgage | 6,801 | $2,404,255,000 | $353,515 |
| 4 | New Day Financial | 5,634 | $1,596,560,000 | $283,379 |
| 5 | Mortgage Research Center | 3,606 | $1,234,280,000 | $342,285 |
| 6 | The Federal Savings Bank | 3,191 | $1,239,325,000 | $388,381 |
| 7 | LoanDepot | 2,933 | $1,075,025,000 | $366,527 |
| 8 | Pennymac | 2,894 | $1,019,910,000 | $352,422 |
| 9 | Navy Federal Credit Union | 2,302 | $914,730,000 | $397,363 |
| 10 | Equity Prime Mortgage | 1,897 | $691,645,000 | $364,599 |
Top VA Lenders by Interest Rate Reduction Refinance Loans (IRRRLs) Completed in 2025
Interest rates took a welcome downturn in 2025. At the beginning of the year, the average conventional 30-year fixed rate was nearly 7%. By the end of December, it had dropped to just 6.15%. VA rates were likely much lower. This downward trend led nearly 150,000 VA borrowers to refinance their mortgages through the agency’s Interest Rate Reduction Refinance Loan (IRRRL) program.
Here are the top 10 lenders for 2025 by the number of VA IRRRL loans they issued.
| Rank | Lender | Loans Completed | Total Volume | Average Loan |
|---|---|---|---|---|
| 1 | United Wholesale Mortgage | 36,454 | $15,736,060,000 | $431,669 |
| 2 | Freedom Mortgage | 22,814 | $8,388,450,000 | $367,689 |
| 3 | Rocket Mortgage | 12,632 | $5,064,650,000 | $400,938 |
| 4 | Mortgage Research Center | 10,176 | $3,482,350,000 | $342,212 |
| 5 | Pennymac | 8,619 | $3,399,725,000 | $394,445 |
| 6 | Village Capital & Investment | 6,929 | $2,655,745,000 | $383,280 |
| 7 | Newrez | 6,664 | $2,843,680,000 | $426,723 |
| 8 | Planet Home Lending | 3,388 | $1,310,040,000 | $386,671 |
| 9 | CrossCountry Mortgage | 2,266 | $1,014,420,000 | $447,670 |
| 10 | New Day Financial | 2,235 | $614,955,000 | $275,148 |
Top Retail VA Lenders by Overall Loans Completed in 2025
Retail lenders deal directly with borrowers, whether through local branches or a robust online presence. These companies, also referred to as direct-to-consumer lenders, handle the entire loan process from application to funding.
These are the largest retail VA lenders ranked by the total number of direct-to-consumer VA loans completed in 2025.
| Rank | Lender | Loans Completed | Total Volume | Average Loan |
|---|---|---|---|---|
| 1 | Mortgage Research Center | 76,057 | $25,942,025,000 | $341,087 |
| 2 | Freedom Mortgage | 30,002 | $10,792,710,000 | $359,733 |
| 3 | Rocket Mortgage | 24,253 | $8,876,225,000 | $365,985 |
| 4 | Navy Federal Credit Union | 19,100 | $7,489,250,000 | $392,107 |
| 5 | Pennymac | 12,369 | $4,564,315,000 | $369,012 |
| 6 | DHI Mortgage | 11,919 | $4,340,845,000 | $364,195 |
| 7 | CrossCountry Mortgage | 11,522 | $5,068,620,000 | $439,908 |
| 8 | LoanDepot | 8,463 | $3,397,495,000 | $401,453 |
| 9 | New Day Financial | 8,341 | $2,353,145,000 | $282,118 |
| 10 | USAA | 7,648 | $2,924,460,000 | $382,382 |
Top Wholesale VA Lenders by Overall Loans Completed in 2025
Unlike retail lenders, companies that operate as wholesale lenders typically have little to no direct interaction with the borrower. Instead, these mortgage providers operate through a comprehensive network of brokers and correspondents.
Here are the top VA lenders for 2025, ranked by the number of wholesale loans completed.
| Rank | Lender | Loans Completed | Total Volume | Average Loan |
|---|---|---|---|---|
| 1 | United Wholesale Mortgage | 71,372 | $31,008,470,000 | $434,463 |
| 2 | Rocket Mortgage | 9,632 | $4,431,970,000 | $460,130 |
| 3 | Newrez | 6,951 | $3,289,335,000 | $473,218 |
| 4 | Freedom Mortgage | 4,770 | $2,294,090,000 | $480,941 |
| 5 | Pennymac | 4,212 | $2,345,510,000 | $556,864 |
| 6 | Kind Lending | 2,678 | $1,175,220,000 | $438,842 |
| 7 | Loan United | 2,057 | $843,225,000 | $409,930 |
| 8 | Sun West Mortgage | 1,610 | $693,260,000 | $430,596 |
| 9 | CMG Financial | 1,609 | $804,985,000 | $500,301 |
| 10 | Plaza Home Mortgage | 1,488 | $553,250,000 | $371,808 |
Choosing the Right VA Lender for You
Whether you’re buying a home or refinancing a property that you already own, choosing the right VA lender is one of the most important decisions that you can make.
While no single lender will be the right fit – and offer the best rates and fees – for everyone, working with an experienced company that’s highly knowledgeable about the VA loan program can make the difference between a stressful borrowing experience and a seamless process from start to finish.
All figures based on 2025 Home Mortgage Disclosure Act (HMDA) data provided by the Consumer Financial Protection Bureau (CFPB) and accessed April 7, 2026, through PolygonResearch.com HMDAVision.
