For veterans, active-duty service members, and eligible surviving spouses, the VA home loan program continues to serve as a formidable resource in navigating the real estate terrain. This article will explore the distinct benefits of employing VA home loans for military-veteran homebuyers in the Twin Cities and throughout Minnesota.
Do You Qualify for a VA Loan?
You might qualify for a VA home loan if:
- You are an active-duty service member.
- You are a surviving spouse of a service member.
- You are a veteran.
It’s worth noting that there are minimum service requirements in order to be eligible for a VA loan, but those minimum requirements may vary based on your military branch or role in the service.
How to Get the Best Rate on a VA Home Loan
Similar to conventional loans, VA home loans are secured through private lenders. Typically, rates are lower for VA loans than conventional loans, but it’s still worth shopping around to find the best rate for your VA loan. You can get the best rate for your VA loan by making an effort to minimize debt ahead of your home purchase and by saving enough money to offer a down payment — even though it’s not required.
VA Home Loan Application Tips
These tips will ensure that you are able to secure a VA home loan and begin looking into buying a home in Twin Cities:
- Be aware of your credit history, and recognize that it will play a role in the pre-approval process.
- Be able to prove that you currently have a reliable source of income.
- Be mindful of any major purchases that you are making — you will want to avoid any purchase that could impact your credit score.
- Be willing to hire a Twin Cities Military Veteran Friendly Realtor (such as Shannon Lindstrom with RE/MAX Results) who specializes in VA real estate transactions. Shannon’s track record of success, professional training, and dedication to Military/Veterans is unmatched in the Twin Cities & suburban real estate market.
The Twin Cities real estate market is gearing up for another exciting selling season. Home prices are beginning to rise, and the homes for sale in Minneapolis and St. Paul are selling quickly. A Minnesota Military Veteran Friendly Realtor can help you navigate the market and ensure that you are able to maximize the benefits of your VA home loan.
Contact Shannon Lindstrom today to find out how buying a home in Twin Cities MN can be a seamless process for any active duty or retired military member. Thank you for your service!
Shannon Lindstrom, Realtor®, AHWD, CRS, GREEN, MILRES, MRP, VCA
RE/MAX Results
Direct: 612-616-9714
[email protected]
[email protected]
www.ShannonLindstromRealtor.com
www.ShannonLindstrom.info
www.MinnesotaMilitaryVeteranRealEstateAgent.com
