VA Mortgage Loans in Coon Rapids, MN
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All about Coon Rapids, MN
Coon Rapids is a northern suburb of Minneapolis and is the largest city in Anoka County, Minnesota, United States. The population was 61,476 at the 2010 census, making it the thirteenth largest city in Minnesota and the seventh largest Twin Cities suburb.
Source: https://en.wikipedia.org/wiki/Coon_Rapids,_Minnesota
History of Coon Rapids, MN
In 1835, the Red River Ox Cart Trail was laid to establish military and trade connections between Minneapolis and Anoka. The first industries of Coon Rapids sprung up around the road, including the prominent Anoka Pressed Brick and Terra Cotta Company, founded by Dr. D.C. Dunham in 1881. The clay excavation site – known locally as the “Clay Hole” – is one of the lasting reminders of Coon Rapids’ industrial history. Today, the vital Red River Ox Cart Trail is known as Coon Rapids Boulevard and remains an important commercial corridor for the city.
In 1912, construction began on the Coon Rapids Dam and the influx of laborers and engineers increased the city’s population to over 1,000 for the first time. Completed in 1914, the dam functioned as a regional power source for the Northern States Power Company until it was sold to the Hennepin County Park Board in 1969 and incorporated into the Coon Rapids Dam Regional Park.
When the dam was built, Anoka Township renamed itself Coon Creek Rapids, later shortened to Coon Rapids. In 1959, the Village of Coon Rapids voted to incorporate as a city, and the City of Coon Rapids was born. The city’s population increased from 14,000 in 1959 to more than 62,000 in 2015, making it the 13th largest city in Minnesota.
Source: https://en.wikipedia.org/wiki/Coon_Rapids,_Minnesota
Demographics of Coon Rapids, MN
As of the census of 2010, there were 61,476 people, 23,532 households, and 16,323 families living in the city. The population density was 2,719.0 inhabitants per square mile (1,049.8/km2). There were 24,462 housing units at an average density of 1,081.9 per square mile (417.7/km2). The racial makeup of the city was 86.0% White, 5.5% African American, 0.7% Native American, 3.5% Asian, 1.2% from other races, and 3.1% from two or more races. Hispanic or Latino of any race were 3.2% of the population.
There were 23,532 households, of which 34.3% had children under the age of 18 living with them, 51.4% were married couples living together, 13.0% had a female householder with no husband present, 4.9% had a male householder with no wife present, and 30.6% were non-families. 23.8% of all households were made up of individuals, and 7.8% had someone living alone who was 65 years of age or older. The average household size was 2.60 and the average family size was 3.08.
The median age in the city was 36.9 years. 24.5% of residents were under the age of 18; 8.9% were between the ages of 18 and 24; 27.5% were from 25 to 44; 27.8% were from 45 to 64, and 11.3% were 65 years of age or older. The gender makeup of the city was 48.4% male and 51.6% female.
Source: https://en.wikipedia.org/wiki/Coon_Rapids,_Minnesota
You may be VA Home Loan Eligible if:
- You meet the minimum active service requirements (vary by active-duty dates, wartime & peacetime periods).
- You are the spouse of an American Veteran and meet the requirements.
To obtain a Certificate Of Eligibility, you must have been discharged under conditions other than dishonorable and meet the service requirements. Our VA home loan Minnesota specialists can help you obtain your Certificate of Eligibility as we go through your VA Home Loan process together.
VA Home Loan Benefits:
- $0 Downpayment Option – No downpayment is required for a VA Mortgage.
- Lower Monthly Payments – Competitive rates and no mortgage insurance bring your monthly costs down.
- Getting Qualified can be Easier – Qualification guidelines are more flexible than traditional mortgage products.
- Getting Started is Easy – VA home loan specialists are available to step you through the process, NO OBLIGATION.
A VA Mortgage is one of the most popular paths to becoming a homeowner. The cost savings can be substantial – A program designed specifically to benefit the American military.
Working with Refined Lending:
- Proudly approved to offer VA loans – The Department of Affairs has a strict process required for lending offices offering VA loans.
- Your Experience – We want you to have a positive experience during this exciting time of your life!
- Our Processes – Our actual loan processes are easy and efficient.
- Our Philosophy – It’s simple. You’ve been there for us. Now we want to be there for you.
We are staffed with VA home loan specialists who take pride in making your home purchase as smooth as possible because you deserve it.
VA Home Loan Benefits Include:
Purchase your home with 0% down
That’s right! You can purchase or refinance at 100% of the home’s value!
01
No monthly mortgage insurance
VA Loans don’t require mortgage insurance no matter how much deposit you put down!
02
Credit scores as low as 560
This means it’s possible you will be approved with less than stellar credit!
