Main Desktop Site (651) 552-3681
We are here to provide our active or military veterans and their families with affordable VA Loan housing. We are your LOCAL top source for VA loans. We are not some out-state person on an 800 phone number. We know, and understand local VA loan, rules, and guidelines.
The country appreciates your service. This is one way we pay you back. Take advantage of your VA benefits - we can help.
A VA Loan still allows a active or veterans to buy a home with Zero DOWN and finance 100% of the home's purchase price up to $417,000. Now more than ever, banks are requiring larger down payments for conventional loans with more expensive mortgage insurance. In many cases they require at least 5% down, putting home ownership out of reach for many prospective buyers.
A VA Loan offers a HUGE savings benefit. They do NOT require monthly PMI, or
private mortgage insurance. PMI is an added monthly expense required for
conventional and FHA loans where the borrower finances more than 80% of
the home's value.
Interest rates are also typically lower with a VA Loan, than a conventional loan. A lower rate combined with monthly PMI savings can substantially lower your monthly payment.
The qualification guidelines are
less stringent for VA Loans. Because the loan is backed by the government,
lenders don't need to meet strict lending rules.
Click here to apply for your
Wisconsin, or South Dakota VA LOAN.
Click here to apply for your Minnesota, Wisconsin, or South Dakota VA LOAN.
VA home loans do not require a down payment in MN, WI, and SD, unless the purchase price is over $417,000.
VA home loans have limitations on which closing costs may be assessed to the veteran.
VA home loans have no prepaid without penalty.
Small Down Payment required for loans OVER $417,000. Call (651) 552-3681 to determined what the down payment would be
VA home loans may have forbearance extended to worthy VA homeowners experiencing temporary financial difficulty
VA performs personal loan servicing and offers financial counseling to help veterans avoid losing their homes during temporary financial difficulties
VA interest rates are competitive with conventional loan interest rates.
VA home loans do not require mortgage insurance - this is a HUGE savings.
Although there is no down payment required - There are still closing costs, but the seller usually pays ALL of the veteran's closing costs (and with a $0 down payment, the veteran can literally purchase a home for nothing)
If you have an existing VA home loan, you can refinance to a lower interest rate and payment. No appraisal required in most cases. The documentation required is "streamlined" or reduced for easier qualifying.Apply for you VA loans in MN, WI, or SD - APPLY Online right now - Our application is Optimized for your mobile device
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33 Wentworth Ave E - St Paul, MN 55118 - NMLS 274132
Equal Housing Lender © 1998-2023 - Joe Metzler for Cambria Mortgage
Cambria Mortgage. Nationwide Mortgage Licensing System and Registry (NMLS) # 322798 Saint Paul Branch - NMLS # 387944. Joe Metzler, Licensed Mortgage Loan Originator NMLS # 274132. Minnesota Lic #: MN-MLO-274132. Wisconsin Lic #: 11418. South Dakota Lic # MLO.03095