Why get a VA Loan?   

It's simple ... Lower Interest Rates - Lower Payments - ZERO Down Payment.

The country appreciates your service. This is one way we pay you back. Take advantage of your VA benefits - we can help.

BUYING A HOME WITH A VA HOME LOAN

VA Home Loans are Zero Down Payment Loans

A VA Loan allows our military personal to buy a home with NO DOWN payment and finance 100% of the home's purchase price up to $417,000 in most parts of the country. Now more than ever, banks are requiring larger down payments for conventional loans with more expensive mortgage insurance. In many cases they require at least 5% down, putting home ownership out of reach for many prospective buyers.

VA loans have NO PMI = Lower Monthly Payments

A VA Loan offers a HUGE savings benefit. They do NOT require monthly PMI (private mortgage insurance). PMI is an added monthly expense required for conventional loans and FHA loans where the borrower finances more than 80% of the home's value.

VA Interest Rates are Lower

VA Interest rates are also typically lower than a conventional loan. A lower rate combined with NO mortgage insurance can substantially lower your monthly payment over non VA loans.

Getting VA Qualified is Easier

The qualification guidelines are less stringent for VA Loans. Because the loan is backed by the government, lenders don't need to meet strict lending rules.

VA Loans Closing Costs

All mortgage loans have closing costs. But the government restricts title companies and mortgage companies from changing some typical closing costs, reducing your closing costs.  Plus, just like most other mortgage loans, the VA loan allows buyers to roll their closing costs into the loan by way of seller paid closing costs. We do many VA loans where the person iterally buys a home for almost nothing out-of-pocket.  How cool is that?

VA Home Mortgage Loan Advantages vs Other Mortgage Loan Options

• VA home loans do not require a down payment in MN, SD, and WI up to $417,000

•  VA loans in MN, WI, and SD only require a small down payment for VA loans over $417,000

• VA home loans have limitations on which closing costs may be assessed to the veteran, saving you money.

• VA home loans have no prepaid without penalty if you pay extra or sell the home

• VA home loans may have forbearance extended to worthy VA homeowners experiencing temporary financial difficulty

• VA performs personal loan servicing and offers financial counseling to help veterans avoid losing their homes during temporary financial difficulties

• VA interest rates are competitive with conventional loan interest rates.

• VA home loans do not require mortgage insurance - this is a HUGE savings.

• Although there is no down payment required - There are still closing costs, but the seller usually pays ALL of the veteran's closing costs (and with a $0 down payment, the veteran can literally purchase a home for nothing).

Mortgages Unlimited provides our active or military veterans and their fanilies with affordable VA Loan housing. We are your LOCAL top source for VA loans in MN, WI, and SD. We are not some out-state person on an 800 phone number.  We know, and understand local VA loan, rules, and guidelines.

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Joe Metzler is a Senior Mortgage Loan Officer for Minnesota based Mortgages Unlimited. He was named the 2014 Minnesota Loan Officer of the Year, and provides VA Loans in MN, WI, and SD.

He can be reached at (651) 552-3681