VA Loan
Home mortgage option for eligible past and current US service members and surviving spouses.
First of all - thank you for your service. Your time, your sacrifices, and your love for our country humble us.
It's Our Turn to Serve You
Buying a home can be stressful, overwhelming, and complicated.
You deserve to utilize every benefit you’ve rightly earned for your service.
Including VA Home Loans.
Even more, you deserve a team who’s going to treat you with the care and service you deserve.
No - it’s not too good to be true.
Affordable + Secure, a VIP Pass to your new home.
VA Loans are backed by the Department of Veteran Affairs [for 100% of your property value for a purchase or a refinance].
Specific guidelines apply for active and retired military personnel as an added benefit for your service:
NO monthly mortgage insurance
Competitive interest rates
As little as 0% down
Easier qualification guidelines
Team Chedester is a team of Certified Veteran Lending Specialists (CVLS) here to serve you.
With a CVLS endorsement, this means we’ve taken extra classes to fully understand the subtle details and nuances to help you maximize your benefit of a VA loan.
It’s no comparison to the service you’ve given our nation - we’re honored to assist you in your home buying journey.
You deserve it.
Your new home awaits!
VA Loan options are a special benefit reserved for eligible active service members, veterans, and surviving spouses.
Midwest Family Lending is a top VA-approved lender for Iowa, Nebraska, and South Dakota.
It's our honor to serve you
Share your info
Complete our survey and gather your documents. We’ll submit for a Certificate of Eligibility (COE).
Review your options
We’ll give you a call to review options specific to your situation.
Apply with confidence
Once you’re prepped - you don’t have to scramble to get ready later.
Kyle was very knowledgeable, answered all my questions, and made the whole process very easy. I love my new house!
— Jamie D.
Who it's great for:
Simpler process
Can be used for primary residence, 2nd homes, investment / rental properties
Available for *most residential properties
As little as 3% down (that’s $10,500 on a $350,000 house)
Higher credit scores = better rates
Lower closing costs
Fewer appraisal requirements
NO monthly mortgage insurance with as little as 3% down
Questions?
We’re always happy to chat more!
Why should I use Team Chedester for my VA Loan?
We’d love the honor of serving you. We have several team members who have gone above and beyond as Certified Veteran Lending Specialists so we know how to help you maximize your VA loan benefit.
Your mortgage is one piece of your financial puzzle, we’ll work to ensure you are confident and comfortable with your budget. Our goal is to see you happy with your mortgage for years to come!
Is a VA Loan the only option available to me?
If you are a Veteran, with less than 20% saved for a down payment, a VA loan is a great option!
If you have more than 20% saved for a down payment, speak with your mortgage lender to determine if the VA loan is in your best interest.
If you’re purchasing a primary residence that you and/or your family will occupy within 60 days of closing, a VA loan is a great option.
If you are the surviving spouse of an eligible active-duty veteran, a VA loan is a great option!
I am an active duty veteran, am I eligible?
You must meet the basic criteria of length of service (LOS) and character of service (COS) for the home loan benefit.
Team Chedester can help submit for a Certificate of Eligibility (COE) with the VA to determine your eligibility.
You also will still be held to credit and income standards.
What is entitlement?
Entitlement is the amount a Veteran has available for a guarantee on a loan from the Department of Veterans Affairs.
Team Chedester can help you determine how much you have available.
I already own a house with a VA Loan, can I buy another house with a VA Loan?
As a 2nd property, no. However, if you are looking to upgrade your primary residence and want to keep your existing home as a rental, there might be options to suit your needs. A quick call can help determine that for you.
Additionally, entitlement restoration is provided by the VA once a home has been sold, to give your full eligibility back.
I am a reservist, am I eligible?
National Guard members and reservists are eligible for a VA home loan if they have completed at least six years of honorable service, are mobilized for active duty service for a period of at least 90 days, or are discharged because of a service-connected disability.
If I have had a foreclosure in the past, can I still use the VA Loan?
While entitlement charged on a foreclosed loan cannot be restored until the VA's loss on the loan has been fully repaid, you are eligible to use the remaining entitlement amount to buy a property.
This will limit the maximum loan amount that for which you may qualify, though a down payment can make up the difference.
What is the maximum VA Loan?
While the VA does not set a limit, most lenders set their maximum loan amount at the same level as the conforming amount.
What is the funding fee?
It is a one-time fee paid to the Dept. of Veterans Affairs that helps keep the loan program running by offsetting costs. This fee ranges from 0.5% to 3.6%, depending on the situation. This fee can be rolled into your loan and included on top of your purchase or refinance loan amount!
This can be determined based on your Certificate of Eligibility, which will be ordered from the VA.
Charlie and Curvin were so helpful and kind! A great lending company if you want helpful, intelligent, responsive, and customer-focused people.
— Ben G.
It’s our honor to serve you.
1 • Send us your info
2 • Give us a call to review your options
3 • Apply with confidence!
Access your VA buyer’s guide here.
*This is a PDF directly from the VA*
Contact Us
2753 99th St, Urbandale, IA 50322
Charles: (515) 229-6564
Kyle: (319) 850-2435
Fax: (866) 424-0683
[email protected]