How the VA Loan process works
VIEW TODAY’S VA MORTGAGE LOAN RATES INSTANTLY!
All about Minneapolis, MN
Minneapolis is a city and the county seat of Hennepin County in Minnesota, United States. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks, and waterfalls. Minneapolis has its origins in timber and is the flour milling capital of the world. It occupies both banks of the Mississippi River and adjoins Saint Paul, the state capital of Minnesota.
Prior to European settlement, the site of Minneapolis was inhabited by Dakota people. The settlement was founded along Saint Anthony Falls on a section of land north of Fort Snelling; its growth is attributed to its proximity to the fort and the falls providing power for industrial activity. As of 2021, the city has an estimated 425,336 inhabitants. It is the most populous city in the state and the 46th-most-populous city in the United States. Minneapolis, Saint Paul, and the surrounding area are collectively known as the Twin Cities.
Minneapolis has one of the best public park systems in the US; many of these parks are connected by the Grand Rounds National Scenic Byway. Biking and walking trails, some of which follow abandoned railroad lines, run through many parts of the city; such as the Mill District in the Saint Anthony Falls Historic District, around the banks of Lake of the Isles, Bde Maka Ska, and Lake Harriet, and by Minnehaha Falls. Minneapolis has cold, snowy winters and hot, humid summers. Minneapolis is the birthplace of General Mills, Pillsbury Company, and Target Corporation. The city’s cultural offerings include the Guthrie Theater, the First Avenue nightclub, and four professional sports teams.
Most of the University of Minnesota‘s main campus, and several other post-secondary educational institutions are in Minneapolis. Part of the city is served by a light rail system. Minneapolis has two highly-rated hospitals.
Minneapolis has a mayor-council-government system. The Minnesota Democratic-Farmer-Labor Party (DFL) has held a majority of council seats there for 50 years and Jacob Frey (DFL) has been mayor since 2018. In May 2020, Derek Chauvin, a White officer of the Minneapolis Police Department, murdered George Floyd, a Black man, and the resulting global protests put Minneapolis and racism at the center of national and international attention.
History of Minneapolis, MN
The French explored the region in 1680. Gradually, more European-American settlers arrived, competing with the Dakota for the game and other natural resources. Following the Revolutionary War, the 1783 Treaty of Paris gave British-claimed territory east of the Mississippi River to the United States. In 1803, the U.S. acquired land to the west of the Mississippi from France in the Louisiana Purchase.
In 1819, US Army built Fort Snelling at the southern edge of present-day Minneapolis to direct Native American trade away from British-Canadian traders, and to deter warring between the Dakota and Ojibwe in northern Minnesota. The fort attracted traders, settlers, and merchants, spurring growth in the surrounding region. At the fort, agents of the St. Peters Indian Agency enforced the US policy of assimilating Native Americans into European-American society, encouraging them to give up subsistence hunting and cultivate the land. Missionaries encouraged Native Americans to convert from their own religion to Christianity.
The U.S. government pressed the Dakota to sell their land, which they ceded in a series of treaties that were negotiated by corrupt officials. In the decades following the signings of these treaties, their terms were rarely honored. During the American Civil War, officials plundered annuities promised to Native Americans, leading to famine in the Dakota. In 1862, a faction of the Dakota who were facing starvation declared war and killed settlers. The Dakota were interned and exiled from Minnesota.
Outwitting Fort Snelling’s commandant, Franklin Steele laid claim to the east bank of Saint Anthony Falls, and John H. Stevens built a home on the west bank. Residents had divergent ideas on names for their community. In 1852, the city’s first schoolmaster Charles Hoag proposed Minnehapolis, with a silent h, combining the Dakota word Mníȟaȟa (waterfall) and the Greek word for polis (city), which became Minneapolis (city of the falls). In 1856, the Minnesota Territorial Legislature authorized Minneapolis as a town on the Mississippi’s west bank. Minneapolis was incorporated as a city in 1867 and in 1872, it merged with the city of St. Anthony on the river’s east bank.
Demographics of Minneapolis, MN
Dakota tribes, mostly the Mdewakanton, permanently occupied the present-day site of Minneapolis near their sacred site, St. Anthony Falls. During the 1850s and 1860s, European and Euro-American settlers from New England, New York, Bohemia, and Canada, and, during the mid-1860s, immigrants from Finland, Sweden, Norway, and Denmark moved to the Minneapolis area, as did migrant workers from Mexico and Latin America. Other migrants came from Germany, Poland, Italy, and Greece. Central European migrants settled in the Northeast neighborhood, which is still known for its Czech and Polish cultural heritage. Jews from Central and Eastern Europe, and Russia began arriving in the 1880s and settled primarily on the north side before moving to western suburbs in the 1950s and 1960s.
For a short period of the 1940s, Japanese and Japanese Americans resided in Minneapolis due to US-government relocations, as did Native Americans during the 1950s. In 2013, Asians were the state’s fastest-growing population. Chinese, Japanese, Filipinos, Hmong, Lao, Cambodians, and Vietnamese arrived in the 1970s and 1980s, and people from Tibet, Burma, and Thailand came in the 1990s and 2000s. The population of people from India doubled by 2010. After the Rust Belt economy declined during the early 1980s, Minnesota’s Black population, a large fraction of whom arrived from cities such as Chicago and Gary, Indiana, nearly tripled in less than twenty years. Black migrants were drawn to Minneapolis and the Greater Twin Cities by its abundance of jobs, good schools, and relatively safe neighborhoods. Beginning in the 1990s, a sizable Latin American population arrived, along with immigrants from the Horn of Africa, especially Somalia; however, immigration of 1,400 Somalis in 2016 slowed to 48 in 2018 under President Trump. As of 2019, more than 20,000 Somalis live in Minneapolis. In 2015, the Brookings Institution characterized Minneapolis as a re-emerging immigrant gateway where about 10 percent of residents were born outside the US. As of 2019, African Americans make up about one-fifth of the city’s population.
The population of Minneapolis grew until 1950, when the census peaked at 521,718—the only time it has exceeded a half million. The population then declined for decades; after World War II, people moved to the suburbs, and generally out of the Midwest.
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!
No monthly mortgage insurance
VA Loans don’t require mortgage insurance no matter how much deposit you put down!
Credit scores as low as 560
This means it's possible you will be approved with less than stellar credit!