Purchase Options

With Farm Bureau® Mortgage 
We offer a full range of home purchase loan options to fit your unique situation. 
  • Conventional Loans
  • Jumbo Loans
  • Government Loans (FHA, VA, & USDA)
  • Construction & Renovation Loans 
  • And More! 
Apply For A Loan: Purchase Options Contact a Loan Consultant: Purchase Options

Conventional Loans

The most common type of mortgage.
  • Best for the majority of homebuyers 
  • Down payment traditionally 20%, but as low as 3%1


FHA Loans

A more affordable government-backed option with low down payments and easier credit requirements.
  • Best for first time buyers and buyers with low credit scores 
  • Down payment as low as 3.5%


VA Loans2

Special loan programs backed by the US Department of Veteran Affairs for active service members, veterans, and some surviving spouses.
  • Best for veterans and active-duty service members
  • Down payment as low as 0%

USDA Loans3

Lower interest, no down payment loans for qualified borrowers in rural areas or small towns.
  • Best for buyers with low to moderate incomes purchasing in eligible areas 
  • Down payment as low as 0%

Jumbo Loans

Mortgages that are larger than the conforming limit.
  • Best for financing a high-cost property 
  • Down payment as low as 10.01%; loans up to $2 million

Construction and Renovation Loans

For building or renovating your dream home.
  • Best for buyers looking to finance construction or renovation costs into one home loan  
  • Down payment varies by loan program

FHA 203(h) Program Disaster Relief

Purchase or no cash-out refinance for those affected by a major disaster who are rebuilding or purchasing another home.
  • Special program for those recovering in a Presidentially-Declared Major Disaster Areas
View Refinance Options

1 Mortgage insurance is required for down payments less than 20%. 

2 Subject to VA Eligibility. 

3 Subject to geographical restrictions. 

Farm Bureau, FB, and the FB National Logo are registered service marks owned by and used by Farm Bureau Mortgage under license from the American Farm Bureau Federation. Farm Bureau Mortgage is a service-to-member institution which provides mortgage services to Farm Bureau members and others in participating states. See Affiliated Business Arrangement Disclosure for more details.

NMLS ID 2122423. Visit Licensing or NMLS Consumer Access for details.