VA Loans

Backed by the U.S. Department of Veterans Affairs, VA Loans make homeownership more affordable for eligible military service members, veterans, and their families.

We offer: 

  • No processing or underwriting fees
  • Up to $500 credit towards closing1 for Farm Bureau Members

Apply Now: VA Loans Contact a Loan Consultant: VA Loans


  • Broad qualification requirements
  • No down payment on most purchase loans2
  • Lower closing cost limits
  • Lower interest rates than most conventional loans
  • Allows broader range of income, debt, and credit history than conventional mortgages
  • No private mortgage insurance or upfront mortgage insurance
  • 1-4 unit homes, VA-approved condominiums, manufactured homes
  • Requires a funding fee between 1.25% and 3.3% paid at closing (may be rolled into the total loan amount) 
  • Only available to purchase or refinance a primary residence 

Who Should Use a VA Loan?

VA Loans allow veterans to borrow at a competitive rate without a large down payment or monthly mortgage insurance, and with less stringent credit requirements. To be eligible for a VA loan, veterans, service members who are in active duty, National Guard members, and reservists must meet a set of basic requirements that have been determined by the U.S. Department of Veterans Affairs. The program benefits have also been extended to the spouses of military members who died while on active duty or suffered a disability while in service.

You may be eligible if you meet one of the following critieria: 

  • Service totaling 181 days or more of active service during peacetime
  • Service totaling 90 consecutive days or more of active service during wartime
  • Service totaling 6 years or more in the National Guard or Reserves, or served 90 days (at least 30 of them consecutively) under Title 32 orders 
  • Suffered a service-connected disability 
  • You are the spouse of a military member who died while on active duty from a service-connected cause. 
If you don't meet these requirements you may still be eligible, depending on your discharge type. Speak with a Loan Consultant about your situation to see if you may still qualify.
Special Offer
Farm Bureau Members receive up to $500 towards closing1, plus no processing or underwriting fees
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Allows eligible veterans to purchase or refinance and repair a primary home using a single VA loan.

  • U.S. Department of Veterans Affairs backed VA Loan, with similar eligibility requirements
  • Total amount you can finance depends on the estimated "as-completed" value of the home 
  • Renovations must improve the home's livability, use, and safety (not just aesthetic value). Some limitations on allowable improvements 
  • Contractors and builders must have a valid VA  builder identification number
  • Escrowed renovation funds held in an interest-earning account
  •  Any remaining funds in escrow at the end of renovation are applied to pay down the principal balance of your mortgage

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Eligible veterans can refinance their home to get cash out to pay off debt, make home improvements, or pay off personal expenses.3

  • U.S Department of Veterans Affairs backed VA Loan, with similar eligibility requirements
  • Can be used to refinance VA or conventional mortgages
  • Only available for primary residence
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Existing VA loan holders can refinance to get a lower interest rate or to a shorter term.3

  • U.S. Department of Veterans Affairs backed VA Loan, with similar eligibility requirements
  • Typically does not require an appraisal 
  • Less paperwork and faster than typical refinance
Go Back Home

1 This offer must be mentioned at time of application, which extends a credit of up to $500 applied at the time of closing. Offer excludes the “One-Time Construction” loan product. Borrower is responsible for closing costs incurred if the loan does not close and/or is not funded by Farm Bureau Mortgage, LLC. A borrower may not use this offer to obtain a refund for closing costs in the event that a loan fails to close or fund. This offer cannot be used with any other discount or promotion. This offer applies to mortgage applications and is subject to change without notice.

2 A down payment is required if the borrower does not have full VA entitlement or when the loan amount exceeds the VA county limits. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit guidelines, and property limits.

3 By refinancing the existing loan, the total finance charges may be higher over the life of the loan. 

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.