VA Home Loans for Veterans in Edina
Kris Lindahl is 100 percent committed to Edina’s military members – both veterans and those on active duty. This is why he hopes that all of his military clients will investigate the amazing home loans provided by the U.S. Department of Veterans Affairs (VA).
Purchase an Edina Home with No Down Payment
There is no down payment requirement for a VA loan – the program’s most attractive feature. There is also no private mortgage insurance (PMI) requirement so you will have a significantly lower house payment than you would with a conventional loan or even an FHA loan.
Other Advantages of a VA Home Loan
Aside from a zero down payment and the lack of a PMI requirement the veteran’s closing costs can be rolled into the loan. This means, for most borrowers, there will be no cash out of pocket for a home purchase.
Qualifying for a VA loan is a lot easier than it is with conventional loans because the government guarantees repayment should the borrower default.
Qualifying for a VA Loan
Both active and former members of the United States military who meet the qualification guidelines concerning length of service and discharge conditions are eligible.
National Guard members and Reservists and widows and widowers of service members may also qualify for a VA loan.
You will need a Certificate of Eligibility from the VA but your lender can obtain that for you through an online system.
Extra Savings from the Lindahl Team
Kris Lindahl literally wrote the book on the VA home loan, “Everything you need to know about the VA Loan.” Contact us for your free copy.