Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
BTC Bank

VA Loans

VA mortgage loans are one of the benefits given to eligible service members, veterans, and surviving spouses. The Veteran’s Administration provides insurance on VA loans, making it possible for lenders to offer up to 100% mortgage financing with a mortgage insurance requirement.

What is a VA Loan?

VA loans are one of the government-backed mortgage programs BTC Bank participates in. In addition to purchasing a home, VA loans can also be used for repairs and renovations to an existing home. To apply for a VA loan from a VA loan lender like BTC Bank, you first need to obtain a Certificate of Eligibility (COE).

Benefits of a VA Loan

  • Competitive interest rates
  • May not require a down payment
  • No private mortgage insurance requirement
  • Can also be used for cash out or interest reduction refinancing

When to choose a VA Loan

If you qualify for the home loan guaranty benefit, a VA loan is probably your best option. However, a USDA home loan is a great alternative, also government-backed, if you don’t qualify for a VA loan.

VA Loan FAQs:

How do I qualify for a VA loan?

Eligibility is determined by your length of service or service commitment, duty status, and character of service. The financed home must be your primary residence and you also need satisfactory credit, sufficient income, and a valid Certificate of Eligibility (COE).

Can I qualify or use a VA loan more than once?

The VA home loan benefit isn’t limited to a one-time use. Read about the conditions for using your home loan benefit again on the VA website.

What is a Certificate of Eligibility (COE) and how do I get it?

The COE is the first step in getting a Veterans Affairs home loan. It also provides confirmation to your lender that you are eligible for the VA home loan benefit.

What is the maximum VA loan amount I can borrow?

Eligible Veterans, service members, and survivors with full entitlement no longer have limits on loans over $144,000.

Can I refinance a VA loan?

Yes, VA loans can be refinanced for an interest rate reduction or to get cash out.


Learn more about
VA Loans from your Community Mortgage Lender

Since 1919, BTC Bank has provided personal customer service to local communities in Northwest Missouri. We have a rich history of helping our customers become homeowners and we can help you, too. To explore the benefits of VA loans and verify your eligibility, visit a BTC Bank branch near you or contact us today. Our friendly mortgage lenders are waiting to serve you at 12 convenient locations in Albany, Beaman, Bethany, Boonville, Carrollton, Chillicothe, Gallatin, Maysville, Osborn, Pattonsburg, and Trenton, MO; and Lamoni, IA.