VA Home Loans

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

VA home loans are provided by private lenders and are for qualified active-duty and retired military personnel – as well as eligible surviving spouses. The VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms. Field & Main is proud to assist with VA loans in Henderson, Cynthiana, and Lexington, Kentucky, as well as Evansville, Indiana.

VA Home Loan FAQs

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 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.

Bridge Loans

Financial security for when you’re “between homes.”

Refinancing

Replace your debt or loan amount with new terms.