Minnesota VA Loan Rates, Part II

Excuse me home builders, but your bad news may be good news for Minnesota homeowners and VA loan seekers…We at VALoansMN believe this bloated supply of homes for sale and our historic low VA loan rates is presenting an opportunity that could be characterized as “once in a lifetime”.

What’s Happening With VA Loan Rates?

The Fed doesn’t control interest rates but they can tell us what to expect. We at VALoansMN are watching the Fed very closely for a signal rates are going up on VA Loans in Minnesota and nationwide.

Involuntary Unemployment Mortgage Payment!!!!

Worried about financing an FHA Home Loan and then losing your job? My loans now include involuntary unemployment coverage that will make the house payment of up to $1,500 per month. If you should be unemployed through no fault of your own, the program will make the house payment directly to the mortgage holder for our clients in Eugene/Springfield and Lane County Oregon.

Minnesota Veterans Passing Mortgage Windfall

We hope for the sake of Minnesota veterans seeking to refinance or purchase a home with a VA Loan that the headline “Borrowers Pass Up Mortgage Windfall”…is inaccurate. We may not be doing a sufficient job of convincing our veterans that now be a waning time to buy or refinance using your VA loan at these historic rates.

What Realtors Don’t Know About Mortgage Rates

The Realtor questioned the rate her client was receiving on the VA loan….We’ve also seen the ads for houses selling for half off the asking price or for pennies on the dollar. We would never call a Realtor and question the price you’ve negotiated for a client or the homes they’ve shown.

Median Home Prices in Minnesota Buck National Trend

We have several people waiting to refinance using a VA Loan if only their homes would return to values sufficient to allow a new mortgage. In other words, they owe more on their mortgages than their homes are worth…we wish today’s news on median home prices was better.

Tax Credit Extended for Some Active Duty Military

Our active duty soldiers may have another full year to take advantage of the $8,000 tax credit. We want you to know if you qualify.

Jumbo Purchases using VA Guaranteed Home Loan

It is possible to purchase a home in the Eugene or Springfield area that is priced over $500,000 with less than 20 per cent down, but you need to be a Veteran. Most often we think of VA Guaranteed Home Loan as not requiring a down payment and that is true if the purchase price/loan amount is below $417,000 in Eugene/Springfield, Lane County Oregon. However, if you are purchasing a home for over $417,000 in our area, all of a sudden a down payment is required. Mortgage insurance for conventional jumbo loans is nearly non existant.

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