Minnesota FHA and VA Home Loans

Minnesota FHA / VA Home Loans

Mortgage Services for Minnesota and Wisconsin

MINNESOTA FHA AND VA HOME LOANS

Minnesota FHA and VA home loans are government insurance programs to help the borrower purchase (or refinance) a home they might not qualify for under conforming loan guidelines. These loans offer low down payments and flexibility.

Minnesota FHA and VA home loans are loans insured by the Department of Housing and Urban Development (HUD). They are available to all qualified buyers.

FHA HOME LOANS
FHA Programs:	Features:
Purchase or Refinance	3% down payment (may be a gift).
30 & 15 Year Fixed	Upfront mortgage insurance and allowable closing costs may be financed.
1 year T-Bill ARM	Lending limits on FHA loans vary with location. Call for information on the lending limit for your area.
	2/1 buydown available. Call for details.

VA loans are are loans insured by the Department of Veterans Affairs and are available only to qualified veterans.

VA HOME LOANS
VA Programs:	Features:
Purchase or Refinance	No down payment.
30 & 15 Year Fixed	Upfront funding fee may be financed.
	Closing cost and pre-paids may be gift.
	Seller may pay up to 4% for closing costs and pre-paids.
	Lending limits on VA loans: $203,000.
	2/1 buydown available. Call for details.
	Debt to Income Ratios: 29/41

Call a PRO at Minnesota First Time Home Buyer Loans for information on availability of these loan programs.

Remember we work for you and you alone.

We are by your side and on your side from application to closing.