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VA Mortgage Loans in Elk River, 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 Elk River, MN

Elk River is a city in Sherburne CountyMinnesota, United States, approximately 34 miles northwest of Minneapolis. It is situated at the confluence of the Mississippi and Elk Rivers. The population was 25,835 at the 2020 census, making Elk River the second-largest city in the Central Minnesota region after St. Cloud. It is the county seat. U.S. Highways 10 and 169 and State Highway 101 are three of the main routes in Elk River, and a station on the Northstar Commuter Rail line to downtown Minneapolis is located in the city. Elk River is located 33.2 miles northwest of Minneapolis and 37.4 miles southeast of St. Cloud.

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

History of Elk River, MN

The hardwood-forested hills in which Elk River is situated were pushed up by the last glacier that advanced across Minnesota. These hills are made up of coarse materials which is the reason gravel mining is so prevalent in Elk River, and also the reason much of the area is not considered good farmland.

To the south of Elk River lies the prairie. This natural boundary between the prairie and woods was also a boundary between Indian nations. Two battles between the Dakota and Ojibwe took place where the Elk River meets the Mississippi in 1772 and 1773.

Downtown Murals

In 1991, K.S. “Bud” Houlton commissioned the painting of the first downtown mural. The mural, depicting the former buildings on the south side of Main Street circa 1960, captured the spirit of when downtown was the center of the business community. Mr. Houlton had a great interest in local history and created the mural as a gift to the community. Mr. Houlton’s son, John, clearly remembers the businesses depicted in the painting. He stated the bakery and barber shop are still in operation today, but the business names have changed. The artist is Michael Russell.

In 2001, the Three Rivers Community Theater applied for a grant to assist in providing monies towards the painting of a mural of an artistic and historical significance on the building adjacent to the River’s Edge Park, located at the intersection of Main Street and Jackson Avenue. This effort to have a mural painted was inspired by numerous community members, business owners, and public entities interested in downtown beautification and continuing to recognize the arts community of Elk River. This project enhanced the social, cultural, and leisure of downtown Elk River. The desire was to draw attention to the Mississippi River for its beauty and solace as well as its historical significance to the Elk River. Local artist Frank Gosiak created and painted the mural.’

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

Demographics of Elk River, MN

As of the census[13] of 2010, there were 22,974 people, 8,080 households, and 6,050 families residing in the city. The population density was 543.2 inhabitants per square mile (209.7/km2). There were 8,542 housing units at an average density of 202.0 per square mile (78.0/km2). The racial makeup of the city was 93.4% White, 1.8% African American, 0.4% Native American, 1.7% Asian, 0.7% from other races, and 1.9% from two or more races. Hispanic or Latino of any race were 3.1% of the population.

There were 8,080 households, of which 42.1% had children under the age of 18 living with them, 61.1% were married couples living together, 9.5% had a female householder with no husband present, 4.3% had a male householder with no wife present, and 25.1% were non-families. 19.6% of all households were made up of individuals, and 7.6% had someone living alone who was 65 years of age or older. The average household size was 2.76 and the average family size was 3.18.

The median age in the city was 34.9 years. 28.5% of residents were under the age of 18; 7.7% were between the ages of 18 and 24; 29.5% were from 25 to 44; 24.9% were from 45 to 64; and 9.3% were 65 years of age or older. The gender makeup of the city was 50.2% male and 49.8% female.

Source: https://en.wikipedia.org/wiki/Elk_River,_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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