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.
VA Home Loans
For active-duty and retired military personnel and their eligible surviving spouses.
VA Home Loan FAQs
What is a VA loan?
VA loans are loans offered exclusively to military veterans and their spouses. These loans offer low rates, 100% financing, and do not require private mortgage insurance (PMI).
What is the minimum credit score requirement for a VA loan?
The minimum credit score for any government guaranteed loan through Field & Main and our approved lender is 640. Additionally, your debt-to-income needs to 55% or lower.
Who can qualify for a VA loan?
Any veteran or any service member on active duty is eligible for a VA loan, including those that don’t have funds for a down payment.
Are there closing costs associated with a VA loan?
Yes. The closing costs associated with a VA loan are comparable to those with a conventional mortgage.
Do VA loans have a fixed rate?
Yes.
Can you refinance a VA loan?
VA loans can be refinanced. However, when you refinance a VA loan the maximum loan to value requirement changes to 90%.
How long does it take to close a VA loan?
Closing on a VA loan can take up to 40 days.
