There are over 400,000 Veterans eligible for VA Loans here in Minnesota. Even though many Veterans have already used their loan benefits, it may be possible to buy or refinance a home again with VA financing using remaining or restored loan entitlement.
Before arranging for a new mortgage to finance a home purchase or refinance, Minnesota Veterans should consider some of the advantages of a VA home loan:
No downpayment is required in most cases.
No monthly mortgage insurance premium to pay.
Limitations on closing costs.
Thirty-year, fixed rate mortgages are available.
New homes, which are appraised before or during construction, are inspected to help ensure compliance with the plans and specifications used for the appraisal and with VA minimum property requirements. All new houses, regardless of when appraised, are covered by either a 1-year builder's warranty or a 10-year insured protection plan.
An assumable mortgage, subject to VA approval of the assumer's credit.
Right to prepay loan without penalty.
VA performs personal loan servicing and offers financial counseling to help Minnesota Veterans avoid losing their homes during temporary financial difficulties.
VALoansMN mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued client. We understand you're making a huge commitment in buying a new home or refinancing your current mortgage. So this is our commitment to you; we will help you qualify, apply and be approved for the right mortgage loan for you. We will be with you every step of the way and you can be in a home of your own before you know it. Let us help make your dreams come true. You've served us, we would be honored to serve you!
Please look around our website. We look forward to hearing from you!
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VALoansMN is an LLC working with Home Savings of America to provide fair and afordable mortgage financing for Minnesota veterans and their families. Home Savings of America is licensed to lend in all 50 states. (This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements Minn. Stat. Section 47.206 (3) and (4)). VALoansMN is a private company run by the families of veterans to provide Minnesota veterans with fair and affordable VA home loans.
