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Partner with a VA-approved lender for a quick, hassle-free process.

See What You Qualify For

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$0 Down Payment



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Loan Limits
No Limit with Full Entitlement

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Competitive Interest Rates
Often Lower than Conventional Loans



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Insurance & Premiums
No PMI (Private Mortgage Insurance) or MIP (Mortgage Insurance Premium)

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Fewer Closing Costs



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Early Payoff Fees
No Penalty Fee


scissors cutting moneyPowerful Benefits for Veterans

Guaranteed by the U.S. Department of Veteran Affairs, VA loans help veterans, active-duty members and military spouses purchase and refinance homes with competitive interest rates, flexible credit guidelines, and little to no down payment requirement. Several variations exist, including VA Purchase Loan, VA Interest Rate Reduction Loan (IRRL), also called VA Streamline Loan and VA Cash-Out Refinance.

Get a jump on house hunting by getting pre-approved, and find out how much you may be eligible to borrow.

See What You Qualify For

VA Purchase Loan

  • $0 down payment
  • Borrow up to the maximum conforming loan limit
  • No Private Mortgage Insurance (PMI)
  • No pre-payment penalty

VA Interest Rate Reduction Loan (IRRL)

  • Easily refinance an existing VA Loan with a new one under different terms
  • Convert a VA loan with an adjustable rate to a fixed-rate
  • No appraisal needed in most instances
  • No requirement for out-of-pocket costs

VA Cash-Out Refinance

  • Take cash-out of your home equity to pay off debt, make home improvements, or whatever else you may need.
  • Refinance a non-VA loan into a VA-backed loan.
  • Eliminate Private Mortgage Insurance (PMI) if your current mortgage is a conventional or FHA loan.
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VA Home Loan Requirements
Veterans, active-duty members and military spouses are eligible for VA loans if they meet one or more of the following requirements:
  • The service member has been on active duty for more than 90 days.
  • The service member has at least six years of service for the Reserves or National Guard.
  • The service member has 90 cumulative days of active service under Title 10 or Title 32.
  • You are the spouse of a service member who died in the line of duty or because of a disability they received during service.

Get Started with Midland States Bank

Picking Midland States Bank as your VA home loan lender has numerous benefits, including:

  • Continuous guidance: We have mortgage loan originators to guide you through the entire approval process and answer your questions.
  • Fast turnarounds: We offer low rates and fast closings for those qualified for a VA home loan.
  • Digital applications: Our team provides online applications to make applying for a VA loan easier from your phone, computer or tablet.

Midland States Bank offers a full roster of mortgage and VA loan services. We proudly serve locations throughout Missouri and Illinois and use our online presence to make loan applications more efficient.

No. VA loans don't require the purchase of PMI.

If you have reached full entitlement, you can borrow as much as the lender is willing to provide. Your lender will discuss VA home loan limits if you have not reached full entitlement.

No. You can get a VA loan multiple times if you meet the requirements, such as selling your home and paying off the initial VA loan.

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Let’s Get Started

Ready to start the mortgage process? Contact one of our mortgage experts today to learn more about your options or get pre-approved to see an estimate of what you can afford.

See What You Qualify For