Mortgages Made Easy

Start the stress-free home buying experience today. At Field & Main Bank®, we aim to surpass your mortgage expectations with friendly service, education, and expertise. You’re not just a homebuyer. You’re a friend. We proudly provide mortgages to home buyers living in Henderson, Lexington, and Cynthiana, Kentucky, as well as Evansville, Indiana. To learn more about mortgages, call 1-888-831-1500 or contact us.

Government Guaranteed Loans

Affordable home loans for first-time homebuyers and people with lower credit scores.

Field & Main Bank is pleased to offer various government-guaranteed home loans that make affordable home buying possible for more individuals, including first-time homebuyers, buyers with low down payments, buyers with lower credit scores and those who have a higher ratio of debt to their income. Ready to apply for a Government Guaranteed Loan? Call 1-888-831-1500 for more information.

Our mortgage lenders are able to assist clients with:

VA loans – Veterans Administration loans are available to eligible retired or active military or reserves.
FHA loans – Federal Housing Administration loans.
USDA loans – Also known as the USDA Rural Development Guaranteed Housing Loan Program by the U.S. Department of Agriculture.

Government Guaranteed Loan FAQs

What are government guaranteed loans?

Government guaranteed loans are loans that are backed or “guaranteed” by the government.

What are the benefits of government guaranteed loans?

Government-guaranteed home loans make affordable home buying possible for more individuals, including veterans, first-time homebuyers, buyers with low down payments, buyers with lower credit scores and those who have a higher ratio of debt to their income.

Who can qualify for government guaranteed loans?

The qualifications vary for each type of government guaranteed loan.

What is the minimum credit score requirement for a government guaranteed loan?

A credit score of 640 is the minimum with our approved lending agency.

Are there closing costs?

Yes. The closing costs with government guaranteed loans are similar to the fixed closing costs associated with a conventional mortgage. These costs can include appraisal fees, title insurance fees, attorney fees, pre-paid interest and documentation fees, among others. The fees can vary depending on the type of mortgage and your location. We will make sure you receive a good faith estimate of closing costs within three days of application.

Do government guaranteed loans have a fixed rate?

Yes, they do.

What are the types of government guaranteed mortgage loans?

VA loans – Veterans Administration loans are available to eligible retired or active military or reserves. FHA loans – Federal Housing Administration loans. USDA loans, which are also known as the USDA Rural Development Guaranteed Housing Loan Program by the U.S. Department of Agriculture.

VA Home Loans

For active-duty and retired military personnel and their eligible surviving spouses.

FHA Home Loans

Locked-in rates with flexible terms and low closing-costs