Home Loans for

Minnesota’s Veterans

VA Home Loans

Exclusively for Military Members, Veterans and eligible spouses.

Streamlined Refinance

As a Veteran, you can refinance your existing VA Loan to a lower rate with no Appraisal

No Down-Payment Needed

No PMI

Easier Qualification than Traditional Loans

Competitive Rates vs. Traditional Loans

%

Financing Available

Monthly Mortgage Insurance

%

Down Payment Needed

About the VA Program

VA Loans help Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of the VA’s mission to serve, they provide a home loan guaranty benefit and other housing-related programs to help military members buy, build, repair, retain, or adapt a home for their own personal occupancy. VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.

Borrowers are eligible if they have:

  • Served 90 days minimum during wartime.
  • Served 180 days minimum during peacetime.

Other eligible groups

  • Un-remarried surviving spouses or spouses of POW or MIA service person.
  • Service personnel on active duty (181 days minimum, or 90 if served during Gulf War).
  • Selected Reserves and National Guard with 6 years of minimum service in an active unit, unless discharged for disability connected to service.
  • Specific United States citizens who have served in the military of a government allied with the United States during WWII.
  • Public Health Service officers, cadets of the United States Military, Air Force, Or Coast Guard Academy.
  • Midshipmen at the United States Naval Academy.
  • Officers of the National Oceanic & Atmospheric Administration.
  • Merchant seaman with WWII Service.

Dishonorably discharged veterans are not eligible.

  • Debt to Income Ratio (Over 620 credit score) * 60%
  • Debt to Income Ratio (under 620 credit score) * 43%
*for informational purposes – may vary based upon individual situation

How it Works

Apply Online

Complete our Application Online.

Get Pre-Approved

We will shop our network of lenders to find the right fit for your situation.

Start Home Shopping

Armed with a pre-approval letter and knowing how much home you can qualify for you can start shopping for a home.

Proudly Serving Our Military and Veterans

United States Army

United States Navy

United States Air Force

United States Marine Corps

United States Coast Guard

Frequently Asked Questions

What about credit scores?
This is one of the most common questions we receive.  The answer is complicated because everyone is different but technically we can work with credit scores as low as 500 but generally your scores have to be above 580.
How long does it take to close?
Most VA Loans we can get closed in under 30 days as long as there are no issues with the appraisal and we work together as a team to get documents in when needed.
Are you affiliated with the VA?
No.  VA Loan Minnesota has no affiliation with the VA or any other government agency.  The VA doesn’t actually lend for the VA program they just guarantee it.  This means that you need to work with a lender or mortgage company to get a VA Loan.

Testimonials

Initial meeting with Anthony and Steve was excellent. Steve recommended the best mortgage for our situation.

Melissa was the glue that stuck all the pieces together and Anthony was an excellent communicator and resource. They were all advocates at the highest level. I’d give ’em 10 stars! George

Everyone was easy to work with.  they were easy to reach and responded to questions quickly and clearly. Danielle

952-544-1706
Contact Us
2808 W Broadway Ave

Minneapolis MN 55411

Contact Us
Leave us a question and we will get back to you shortly.

VA Loan Minnesota is affiliated with Satori Mortgage © 2018 All rights reserved. Satori Mortgage NMLS 4190 2808 W Broadway Ave, Minneapolis MN 55411.  VA Loan MInnesota and Satori Mortgage are not affiliated with the Veterans Administration or any government agency.

This statement of current loan terms and conditions is not an offer to enter into an interest rate or discount point agreement. Any such offer may be made only pursuant to subdivisions 3 and 4 of Minnesota Statutes Section 47.206.

XML Sitemap