As a veteran or active-duty service member in Iowa, you’ve earned powerful homebuying benefits — and Midwest Family Lending (NMLS #4622) is here to help you maximize them with a VA home loan. Our experienced brokers provide personalized, one-on-one service guiding you through every step — from verifying eligibility to closing — so you can focus on moving into your new home.
Ready to get started? Contact us today to schedule your free consultation.
What Is a VA Loan and How Does It Work?
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs and issued through private lenders. It allows eligible veterans, service members, and certain surviving spouses to buy (or refinance) a home with little or no down payment and no Private Mortgage Insurance (PMI).
Since 1944, VA loans have helped millions of military members and their families achieve homeownership. According to the VA, nearly 90% of VA home loans nationwide require no down payment. VA loans often offer better terms than conventional mortgages, making homeownership more accessible for veterans in Urbandale and across Iowa.
Key Benefits of VA Loans
Veterans and active service members choose VA loans for many reasons, including:
- No Down Payment: Finance 100% of your home’s purchase price with $0 down, unlike conventional loans which often require 3-5%.
- No Private Mortgage Insurance (PMI): Save hundreds each month as VA loans do not require PMI fees.
- Lower Interest Rates and Fees: VA loans typically offer lower interest rates and capped lender fees, reducing your long-term costs.
- Flexible Credit Requirements: The VA allows more flexible credit standards and higher debt-to-income ratios than conventional loans, helping more veterans qualify.
- Veteran-Exclusive Benefits: Only eligible veterans, active-duty service members, and some surviving spouses qualify, including exemptions from funding fees for disabled veterans.
- Assumable Loans & Refinance Options: VA loans can be assumed by qualified buyers, and refinancing options like IRRRL (Interest Rate Reduction Refinance Loan) make future refinancing easier.
Am I Eligible for a VA Loan?
To qualify for a VA loan in Iowa, you must meet one of the following:
- Active Duty Service: At least 90 days of active-duty service during wartime, or 181 days during peacetime.
- National Guard or Reserve: Minimum 6 years of service.
- Honorable Discharge: Your service must have ended honorably.
- Surviving Spouse: Eligible surviving spouses of service members who died in the line of duty may also qualify.
Our team will help you confirm your eligibility and assist in obtaining your Certificate of Eligibility (COE) from the VA — a necessary step for loan approval.
Why Choose Midwest Family Lending?
At Midwest Family Lending, we understand VA loans aren’t just paperwork — they’re your path to a new home. We are dedicated to providing:
- Personalized Service: Direct access to your broker with expert knowledge of the Urbandale and Polk County housing market.
- Clear Guidance: Transparent answers and support throughout your loan process.
- Proven Success: Trusted by veterans and military families throughout Iowa, we don’t hand off your file to call centers — you get hands-on, local service.
Serving Iowa, Nebraska, South Dakota and Colorado
We proudly assist veterans throughout the upper midwest, including cities like Des Moines, Omaha, Sioux Falls and Denver. Our deep knowledge of the VA Guidelines, coupled with our local knowledge, ensures you get expert mortgage advice that fits your needs.
Start Your VA Loan Application Today
Whether you’re purchasing your first home or refinancing with a VA IRRRL, now is the perfect time to use your earned benefits.
- Call us at (515) 252-7107
- Email: info@midwestfamilylending.com
- Or visit our Google Maps location to find us.
Let’s put your VA benefits to work and get you home.
Sources & Further Reading
- VA.gov – Housing Assistance
- Consumer Financial Protection Bureau – VA Loan Information
- Military.com – VA Loans Guide
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