- No processing or underwriting fees
- Up to $500 credit towards closing1 for Farm Bureau Members
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:
Allows eligible veterans to purchase or refinance and repair a primary home using a single VA loan.
Eligible veterans can refinance their home to get cash out to pay off debt, make home improvements, or pay off personal expenses.3
Existing VA loan holders can refinance to get a lower interest rate or to a shorter term.3
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.