VA Loans Blog

Your Advantage with VALoansMN

June 1st, 2016 8:12 AM by Joan Rusco

The first big advantage of a VALoansMN mortgage is the savings. The Veteran’s Administration puts limits on the cost of your mortgage. These are very strict limits so you know when you get your loan from VALoansMN it is the very lowest cost available on the market today. This is only the beginning. The next advantage is huge, especially in today’s economy.

You can finance up to 100% of your home’s appraised value. In other words, there is no down payment when you purchase your home (or refinance an  existing mortgage) with a loan from VALoansMN. We've mentioned this is an especially huge advantage today. Here’s why: given today’s very low mortgage interest rates it may be better to borrow more on your home and take extra monthly income and invest. Here’s an example:  if you can get a VA loan at under 4% and get 5, 6, 7 percent or more on a conservative investment why not do it?  Many index mutual funds easily get that type of return. You’d be money ahead to take your extra monthly income and make such an investment. We’re not financial planners but we do suggest you talk to investment professionals to see how such a plan may be good for you. There’s even more to the advantages.

Our third main advantage of a VALoanMN mortgage loan is no monthly mortgage insurance, even when you finance 100% of your home’s purchase (or refinance) price. A conventional or FHA mortgage requires a monthly insurance premium unless you put 20% down. This can be a savings of many dollars each month.

There is one more advantage for some of our veterans.  In Minnesota a disability can exempt a veteran from paying some or all property taxes.  We can help you with that also.

Interest rates rise and fall. We’ve been advising for months (actually years!) that you take advantage of these historic low rates. Given the other advantages of a VALoansMN mortgage it is an unbeatable deal for you.  Contact your County Veteran’s Service Officer and they can tell you more about VALoansMN. Or call Brad directly (612 240 9922) to talk about your needs. We are here to serve you.


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