Field & Main Bank - Kentucky and Indiana

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

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?


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.

Apply for a Government Guaranteed Loan Today

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Bridge Loans

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

Bridge Loans

Replace your debt or loan amount with new terms.