Inver Grove Heights VA Financing
One increasingly common financing option in Inver Grove Heights for home buyers is available through the VA
This type of Inver Grove Heights mortgage financing has increased by
about twenty per cent over the last few years due in part to the
increasing number of our Minnesota veterans returning from the service.
Additionally with the loss of other options for zero down payment loans
in Minnesota, the VA offers a benefit that offers eligible buyers a
unique opportunity to buy their home with no down payment.
Inver Grove Heights VA Loans: Not Just For First Time Home Buyers
Inver Grove Heights VA home buyers misunderstand the fact that they may
use their VA eligibility benefit more than once. As a result veteran
home buyers do not necessarily need to be a MN first time home buyer in
order to use their VA eligibility. This can be a great solution for
current homeowners who want to sell their home despite having minimal
equity. Since they will be able buy their next home with no down
payment with a Minnesota VA loan they might be able to afford to sell their home without receiving any proceeds from equity in order to buy the next.
Inver Grove Heights VA Loans: First Determine Your Eligibility
must first determine 2 things to see if they will be eligible for a VA
mortgage. First they should research if they are eligible for a
Certificate of Eligibility through the Veteran's Administration. They
can apply for the Certificate online or through their mortgage lender.
There are several categories for eligibility and I encourage veterans to
check with the VA or to research their eligibility online
note that the Certificate of Eligibility offers a guarantee to the
lender which compensates them for a portion of their losses in the event
of foreclosure This guarantee is paid for by the veteran in the form
of the â€œVA funding feeâ€ which is typically financed on top of the
mortgage loan. The funding fee is waived for veterans who have service
Are You Eligible for a VA Loan? Get Preapproved!
second thing a Inver Grove Heights veteran home buyer should determine
is if they qualify for mortgage financing. I encourage all veterans to
talk with a local mortgage lender to get preapproved for MN VA loans
before we go out shopping for a home. By going through the preapproval
the lender will review your financial scenario to determine if you meet
the requirements for a VA loan. This important first step is usually
free and requires no commitment to buy on the part of the buyer. In
fact many MN VA lenders will do this right over the phone, even on
weekends when you're off work.
If you are looking for a home with a short commute to downtown St. Paul, you will want to consider living in Inver Grove Heights. Conveniently located in the northern section of Dakota County, Inver Grove Heights is just a 10-15 minute commute to St. Paul. The school system in Inver Grove Heights include Simley High School, Inver Grove Heights Middle School, Salem Elementary, Hilltop Elementary, Pine Bend Elementary, not to mention Inver Grove Heights Community College. First time home buyers may find Inver Grove Heights especially affordable if they qualify for the Dakota County First Time Buyers program.
Whether or youâ€™re an experienced home buyer or buying for the first
time the community of Inver Grove Heights has a lot to offer.
Inver Grove Heights Veterans: Are You Ready To Buy?
you are a Inver Grove Heights veteran and are interested in buying your
first home please just give me a call. Whether you currently own a
Inver Grove Heights home or are looking to buy your first home, VA loans
can be a great way to buy a home in Inver Grove Heights. With record
low rates and reduced home values many vets have found smaller house
payments than what they are currently paying for rent!
Sales Executive, Licensed Realtor in MinnesotaÂ
Century 21 Premier GroupÂ
1660 S. Highway 100, Suite #578
St. Louis Park, MNÂ 55416
With a focus on Twin Cities real estate and surrounding communities.