Veterans United Home Loans vs New American Funding
Pick Veterans United if you are VA-eligible and want a lender that specializes in VA IRRRL and VA cash-out refinances and publishes VA sample rates. Pick New American Funding if you want VA options alongside FHA streamline, conventional, jumbo and non-QM loans from one lender.
Veterans United Home Loans
Best for VA refinances
New American Funding
Best for loan varietyVeterans United Home Loans vs New American Funding at a glance
| Veterans United Home Loans | New American Funding | |
|---|---|---|
| Focus | VA loans | Broad menu: conventional, FHA, VA, USDA, jumbo, non-QM, reverse |
| VA refinances | VA IRRRL, VA cash-out, VA jumbo | VA IRRRL and VA cash-out |
| FHA streamline | Not on its main menu | Yes |
| Published sample rates | Yes, VA rates with APR and assumptions | Not on the refinance pages we reviewed |
| App linked from site | Yes, myVeteransUnited | Online portal |
| NMLS ID | NMLS #1907 (Mortgage Research Center, LLC) | NMLS ID#6606 |
Which should you choose?
Pick Veterans United if you have a VA loan or VA eligibility and want a lender that works almost only on VA loans.
Pick New American Funding if you want VA options but also want to compare FHA, conventional or non-QM refinances with the same lender.
VA refinance options
Both lenders offer the two main VA refinances. The VA Interest Rate Reduction Refinance Loan (IRRRL), or streamline refinance, replaces an existing VA loan with a new one, usually at a lower rate and often without an appraisal. The VA cash-out refinance lets eligible borrowers take equity out, and can also move a non-VA loan into a VA loan. Veterans United also lists VA jumbo loans.
Focus and range
Veterans United is built around VA loans. Its education, calculators and refinance pages all center on VA benefits, including the VA funding fee and who is exempt. If you are VA-eligible, that focus is helpful.
New American Funding is a generalist. Its refinance page lists cash-out refinances, HELOCs, FHA streamline refinances and VA refinances, and its broader menu includes conventional, USDA, jumbo, non-QM and reverse mortgages. If you are not sure a VA refinance is your best option, NAF lets you compare it with other loan types at the same lender.
Rates and quotes
Veterans United publishes current VA IRRRL and cash-out sample rates with APR, points and detailed assumptions, such as a default credit score and lock period. Those are samples, and your rate will depend on your credit and loan, but they give you a useful benchmark. On the New American Funding refinance pages we reviewed, you request a quote online or through a loan officer, and we did not find a stated soft-pull rate check, so ask before you authorize a credit pull.
Support
Veterans United links its myVeteransUnited app from its site for document upload, loan updates and payments. NAF offers loan officers, branches and an online portal, and says it services most eligible loans itself.
Bottom line
If you are VA-eligible, get a quote from both: Veterans United for VA depth and published rates, and NAF to see whether another loan type beats the VA option for your situation.
Veterans United Home Loans vs New American Funding FAQ
Do both Veterans United and New American Funding offer the VA IRRRL?
Yes. Both list the VA Interest Rate Reduction Refinance Loan and the VA cash-out refinance on their refinance pages.
Which is better if I have an FHA loan?
New American Funding lists an FHA Streamline Refinance. Veterans United focuses on VA loans, so it is not the right fit for an FHA-to-FHA streamline.