Can I use a VA home loan to buy a new construction home in Waukee?

Yes, you can use a VA home loan to buy new construction in Waukee, but the builder must meet VA appraisal and construction standards. Timelines for new construction closings may run longer than resale purchases. First Rate Mortgage works with borrowers and builders to help keep the process on track.

Do I need perfect credit to qualify for a VA loan in Waukee?

No. The VA does not set a minimum credit score requirement. Most lenders look for a score between 580 and 620 as a baseline, but your full financial picture matters. First Rate Mortgage can review your situation and help you understand your options.

VA Home Loans - First Rate Mortgage

Purchase Loans - From service to homeownership

Helping Veterans Buy with Zero Down

Veterans and active-duty families use VA home loans to buy homes without a down payment. This page covers how VA loans work, loan limits, common concerns, and what to do next. A licensed mortgage broker can check your eligibility fast. We guide veterans from application to closing every step of the way.

VA home loans are government-backed loans for eligible veterans, active-duty service members, and surviving spouses. They require no down payment and no private mortgage insurance. Veterans can use this benefit more than once.

VA Home Loan Limits Tell You How Much You Can Borrow in Iowa

If you have full VA entitlement, there is no set loan limit on what you can borrow. Most veterans who have never used the benefit, or who paid off a prior VA loan, qualify for full entitlement. Partial entitlement works differently and ties your borrowing cap to county-level limits.

If you are buying new construction in areas near our office in Waukee, like Prairie Trail, prices can run a bit higher. Confirming your entitlement status before you shop saves you time. We pull that information early so there are no surprises later.

VA Loans Have Real Tradeoffs Every Buyer Should Know Before Applying

VA loans carry a funding fee that most buyers pay at closing or roll into the loan. The fee amount depends on your down payment and whether you have used the benefit before. Planning for it upfront keeps your budget accurate.

VA appraisals also take longer than conventional appraisals and include a minimum property condition review. Newer subdivisions often meet VA standards without issue. Older homes in some pockets of Iowa may require repairs before the loan can close, so getting a property walkthrough early helps you avoid delays.

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Hours

Day	Hours
Monday	8:00 AM – 5:00 PM
Tuesday	8:00 AM – 5:00 PM
Wednesday	8:00 AM – 5:00 PM
Thursday	8:00 AM – 5:00 PM
Friday	8:00 AM – 5:00 PM

What Our Customers Say

Verified Google Reviews

Customers consistently highlight how informed and supported they felt throughout the loan process.
Many note that they always knew the status of their loan and never had to chase down an update — a stark contrast to experiences they’d had with larger lenders or banks in the past.

    
 
 
       Posted on Google  
   
   Kristina Porter 
 
 
 
 Trustindex verifies that the original source of the review is Google. Angela coached us through buying our first house and was immensely helpful. I reached out about 10 months before to see if I would qualify for a mortgage to buy direct from a seller we knew. I did. She gave us great tips for sales by owner, helped facilitate a title company, and made moving close to family possible.
  
 
      Posted on Google  
   
   Kelly Ager 
 
 
 
 Trustindex verifies that the original source of the review is Google. Angela made this stressful process run so smoothly. She was very responsive and guided us through every step!
  
 
      Posted on Google  
   
   Daniel Crow 
 
 
 
 Trustindex verifies that the original source of the review is Google. Angela knocked it out of the park with my home loan! Fast responses, no BS explanations, and she found me a rate that beat everything I'd seen online.
  
 
      Posted on Google  
   
   Bambi Crow 
 
 
 
 Trustindex verifies that the original source of the review is Google. Angela was such a pleasure to work with, she made the home buying process very quick and easy. She was extremely professional and accommodating.
  
 
      Posted on Google  
   
   Luree Johnston 
 
 
 
 Trustindex verifies that the original source of the review is Google. Angela was a WONDER to work with! She was attentive and caring for the entire year that it took us to find a house. Could not recommend her more!
  
 
      Posted on Google  
   
   Dan Leibfried 
 
 
 
 Trustindex verifies that the original source of the review is Google. Angela was excellent to work with in originating and finalizing a home loan.  Her counseling on options as well as her consistent and timely communication throughout the process made it simple and without major stress.  While securing a home loan over the years has become more complicated, Angela reduced the friction significantly and reminded me of the days when the scenario was much easier.  I would definitely recommend!
  
 
      Posted on Google  
   
   fredy justin 
 
 
 
 Trustindex verifies that the original source of the review is Google. Angela is great to work with she is always available and always ready to answer questions not only did she helped with the mortgage, she also helped me found a great insurance for the house I am buying. I definitely recommend her to anyone looking to buy a house, you will not be disappointed. Thank you Angela please continue doing what you are doing for me to all your customers. You are amazing Person GOD bless you
  
 
      Posted on Google  
   
   Stephanie Andrews 
 
 
 
 Trustindex verifies that the original source of the review is Google. As a first time homebuyer, Angela has been an incredible resource. Her knowledge of every aspect to purchasing a home and the nuances within certain areas, is impressively vast.  She took the time to thoroughly explain areas that were new to me and answer any questions I had. I would quickly recommend her to anyone looking to finance buying a home. She is absolutely wonderful to work with!
  
 
      Posted on Google  
   
   Cecelia Smith 
 
 
 
 Trustindex verifies that the original source of the review is Google. My fiance and I are first time homeowners, this is all thanks for Angela. We spent two years looking for the perfect house. Our first year we had no luck and still Angela stuck with us and helped us the next year. She was extremely knowledgeable, friendly, and diligent. She explained every step of the process thoroughly and quickly answered any questions we had. She also listened well and made sure we were comfortable during the entire process. I could not recommend her more!

VA Home Loans FAQs

Quick answers to common questions about the VA Home Loans Services.

What are the benefits of a VA home loan?

A VA home loan is designed for eligible veterans, active-duty service members, and certain surviving spouses. One of its biggest advantages is that qualified borrowers may be able to purchase a home with no down payment, no private mortgage insurance (PMI), and competitive interest rates, making homeownership more affordable than many conventional loan options.

Can I use a VA home loan to buy a new construction home?

Yes, you can use a VA home loan to buy new construction, but the builder must meet VA appraisal and construction standards. Timelines for new construction closings run longer than resale. We work with you and the builder to keep things on track.

Do I need perfect credit to qualify for a VA loan?

No, the VA does not set a minimum credit score requirement. Most lenders look for a score between 580 and 620 as a baseline. We review your full financial picture and work with what you have.

Can I use my VA loan benefit more than once?

Yes, you can use your VA loan benefit more than once. Your prior loan must be paid off or your entitlement must be formally restored. Remaining entitlement also allows some veterans to carry two VA loans at the same time.

What documents do I need to start a VA loan application?

You need a DD-214 or Statement of Service, your most recent W-2s or pay stubs, a government-issued ID, and bank statements. Having these ready before you call speeds up the process. We tell you exactly what to gather on the first call.

VA Home Loans