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VA Mortgage Loans in Edina, MN

No matter what your situation is, there is a VA home financing solution for you. We are ready to guide you through your options and get you the best VA home loan possible!

VA Purchase

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VA Refinance

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VA Renovation

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VA Jumbo

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Mortgage Home Loan

How the VA Loan process works

1

Documentation

There are a few critical documents we will need to verify to start your process.  Learn More
2

Appraisal

The appraisal insures the home you are buying is worth the price that is being offered. Learn More
3

Initial Underwriting

The Underwriter will verify that all information is accurate and authentic. Learn More
4

Conditional Approval

Conditional Approval is granted when the Underwriter approves the loan under certain conditions. Learn More
5

Clear To Close

The Underwriter verifies that all documentation has been provided and all conditions have been met. Learn More
6

Closing

Signing the final documentation and receiving the keys to your new home! Learn More

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All about Edina, MN

Edina is a city in Hennepin CountyMinnesota, United States, and a first-ring suburb of Minneapolis. Edina began as a small farming and milling community along Minnehaha Creek in the 1860s and became one of Minneapolis’s first incorporated suburbs in 1888. In 2019, the population was estimated to be 52,857.

After years of being a streetcar suburb, Edina grew into a prototypical post-war suburb in the 1950s. The city was largely built to be car-centric and plays host to the nation’s oldest indoor mall, the Southdale Center. The object of white flight from Minneapolis, Edina embraced sundown laws and racial covenants to keep the community white.

Major corporations, such as Dairy QueenGreat ClipsEdina Realty, and Caribou Coffee, have headquarters in Edina, and the city today is known for its shopping, parks, and high quality of life.

Source: https://en.wikipedia.org/wiki/Edina,_Minnesota

History of Edina, MN

In the early 20th century suburban development brought discriminatory policies that led nearly all of the African Americans who had been living in Edina to move away.

Historian James W. Loewen described the suburb as a sundown town. Researchers point in particular to Samuel Thorpe’s development of the Country Club Historic District, which used deed restrictions as means to exclude non-whites, stating explicitly that:

No lot shall ever be sold, conveyed, leased, or rented to any person other than one of the white or Caucasian race, nor shall any lot ever be used or occupied by any person other than one of the white or Caucasian race, except such as may be serving as domestics for the owner or tenant of said lot, while said owner or tenant is residing thereon.

— James W. Loewen, Sundown Towns: A Hidden Dimension of American Racism

Other developments, like that built by N. P. Dodge Corporation just a mile away, followed suit in attempting to protect land values through racial policies. Though the Supreme Court ruled these kinds of discriminatory housing clauses unenforceable in its Shelley v. Kraemer decision of 1948, reports of discrimination persisted through the 1950s and 1960s. According to the Edina Historical Society’s story about the first black family in Morningside (then a separate village) in 1960, attempts to keep them out included tactics like trying “to get [their] lot condemned for drainage.” In response, then-mayor Ken Joyce wrote a note dismissing the drainage concern and challenging citizens “to live the Golden Rule”. Shortly thereafter the village voted in favor of inclusion.

Jewish residents were also affected by exclusionary deed covenants. In the 1960s, some residents boasted that Edina had “Not one Negro and not one Jew.”

Source: https://en.wikipedia.org/wiki/Edina,_Minnesota

Demographics of Edina, MN

As of the 2010 Census, there were 47,941 people, 20,672 households, and 12,918 families residing in the city. The population density was 3,103.0 inhabitants per square mile (1,198.1/km2). There were 22,560 housing units at an average density of 1,460.2 per square mile (563.8/km2). The racial makeup of the city was 88.1% White, 3.0% African American, 0.2% Native American, 6.1% Asian, 0.7% from other races, and 1.8% from two or more races. Hispanic or Latino of any race were 2.3% of the population.

There were 20,672 households, of which 29.4% had children under the age of 18 living with them, 53.7% were married couples living together, 6.4% had a female householder with no husband present, 2.3% had a male householder with no wife present, and 37.5% were non-families. 33.1% of all households were made up of individuals, and 18% had someone living alone who was 65 years of age or older. The average household size was 2.31 and the average family size was 2.98.

The median age in the city was 45.2 years. 24.2% of residents were under the age of 18; 4.5% were between the ages of 18 and 24; 21% were from 25 to 44; 29.6% were from 45 to 64, and 20.7% were 65 years of age or older. The gender makeup of the city was 46.6% male and 53.4% female.

According to 2012-2016 estimates, the median household income was $91,847 and per capita income was $65,245. The median value of owner-occupied housing units was $424,500.

Source: https://en.wikipedia.org/wiki/Edina,_Minnesota

You may be VA Home Loan Eligible if:

  1. You meet the minimum active service requirements (vary by active-duty dates, wartime & peacetime periods).
  2. 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!

03

View Today's Actual VA Rates Instantly!

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