Mortgages backed by the U.S. Department of Veterans Affairs, or VA loans, are a valuable perk for military-affiliated home buyers. For decades, they have allowed active duty service members and veterans to buy a home with no down payment, refinance a mortgage, and tap home equity. Here are our picks for the best VA lenders of November 2025. The best VA mortgage lenders: November 2025 Best VA lender overall: Pennymac Why Pennymac mortgages stand out: As one of the nation's largest retail VA lenders by lo ...