Armed Forces Bank Mortgage Review 2026
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Armed Forces Bank
- People who are looking for mortgages with down payments as low as 0%
- People who want to receive support from a loan advisor during the mortgage process
- People who are looking for VA or the lender’s Hero loans
To qualify for a conventional mortgage from Armed Forces Bank, you need the following:
- Minimum down payment: 3%
- Minimum credit score: 620
- Debt-to-income ratio: typically 50%
You don’t need to be associated with the military to qualify for an Armed Forces Bank mortgage – anyone can apply.
Armed Forces Bank offers VA loans and FHA loans. Click to learn more about requirements for those loan programs.
NMLS #402256
Owned by Dickinson Financial Corp., Armed Forces Bank is headquartered in Kansas City, Missouri, and has $1.4 billion in assets. The bank offers a variety of mortgage options, including conventional and government-backed loans for home purchase and refinance. Loans are not restricted to military borrowers; civilians can take out mortgages with Armed Forces Bank.
The first step to apply for a mortgage from Armed Forces Bank is to complete its online application.
1. Provide basic information about the home you want to buy and your finances – it typically takes 20 minutes or less to complete, according to Armed Forces Bank.
2. A loan officer will reach out, and once approved, you will receive a preapproval letter.
3. Complete the full application once you find a home. The loan advisor will also contact the selling agent to let them know the advisor will be working with you and can be contacted with any questions.
4. Go through underwriting.
5. Close the loan.
Armed Forces Bank
Armed Forces Bank offers a $1,000 on-time closing guarantee. Some programs offer closing cost discounts. The bank doesn’t charge lender, origination, application or underwriting processing fees on its conventional and FHA loans.
Armed Forces Bank also offers a Hero mortgage program to veterans, law enforcement, first responders, educators and nurses. Hero loan borrowers only pay third-party closing costs.
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Armed Forces Bank
The Consumer Financial Protection Bureau didn’t receive any mortgage-related complaints in 2025 about Armed Forces Bank.
Armed Forces Bank offers mortgage refinancing options and HELOCs. With a HELOC, you can borrow up to 85% of your home’s value and get an introductory annual percentage rate for the first six months, then a variable APR after that. Armed Forces Bank waives annual fees on HELOCs when you select auto-draft payments.
Armed Forces Bank offers fixed and adjustable interest rate refinancing options. You can start your application online, and a loan advisor will follow up with you to complete your application.
An initial payment made when the home is bought.
The amount of time you have to repay the mortgage.
The APR (annual percentage rate) you pay to the lender, which can be found in your loan agreement. The default displayed represents yesterdays national average APR for 30-year fixed mortgages.
