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VA Mortgage Loans in Minnetonka, 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 Minnetonka, MN

Minnetonka is a suburban city in Hennepin County, Minnesota, United States, about 9 miles (14 km) west of Minneapolis. The name comes from the Dakota Sioux mni tanka, meaning “great water”. U.S. Highway 12 is the city’s main road.

As of the 2020 census, the population was 53,781. The city is the home of Cargill, the country’s largest privately-owned company, and UnitedHealth Group, the state’s largest publicly owned company.

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

History of Minnetonka, MN

Since the mid-19th century, Minnetonka has evolved from a heavily wooded wilderness through extensive farming and thriving industrialization to its present primarily residential suburban character. The Minnetonka area was home to the Dakota and Ojibwe Native American tribes before Euro-Americans arrived in the 1800s. They believed Lake Minnetonka (mni meaning water, and tanka meaning big, anglicized to Minnetonka) and the land around it to be sacred. The first recorded exploration of the area by Euro-Americans was in 1822 when a group from newly constructed Fort Snelling made its way up Minnehaha Creek (then known as Brown’s Creek or Falls Creek) to the lake. In 1851, the Dakota sold the area including Minnetonka to the United States with the Treaty of Traverse des Sioux. The first census, the Territorial Census of 1857, lists 41 households. Twenty-nine of the heads of households are listed as farmers. The occupations of the remaining twelve are associated with the operations of Minnetonka Mill and a nearby hotel.

In 1852, a claim was staked on Minnehaha Creek near McGinty Road. The sawmill that was constructed in the thick woods of mapleoakelmred cedar, and basswood was the first privately operated mill in Minnesota west of the Mississippi River. Oak timbers from this mill were used to build the first suspension bridge across the Mississippi River at Saint Anthony Falls in 1853. The settlement of Minnetonka Mills that grew up around the mill was the first permanent European–American settlement west of Minneapolis in Hennepin County. In 1855, a two-story sawmill was constructed with a furniture factory on the second floor. A building for varnishing furniture was built on the south side of the creek, at the present Bridge Street. Production consisted mainly of chairs and bedsteads

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

Demographics of Minnetonka, MN

As of the census[2] of 2010, there were 49,734 people, 21,901 households, and 13,619 families living in the city. The population density was 1,846.8 inhabitants per square mile (713.1/km2). There were 23,294 housing units at an average density of 865.0 per square mile (334.0/km2). The racial makeup of the city was 90.0% White, 3.7% African American, 0.3% Native American, 3.1% Asian, 0.7% from other races, and 2.1% from two or more races. Hispanic or Latino of any race were 2.4% of the population.

There were 21,901 households, of which 25.9% had children under the age of 18 living with them, 52.1% were married couples living together, 7.3% had a female householder with no husband present, 2.8% had a male householder with no wife present, and 37.8% were non-families. 31.1% of all households were made up of individuals, and 11.9% had someone living alone who was 65 years of age or older. The average household size was 2.25 and the average family size was 2.85.

The median age in the city was 45 years. 20.8% of residents were under the age of 18; 6% were between the ages of 18 and 24; 23.2% were from 25 to 44; 33.3% were from 45 to 64; and 16.7% were 65 years of age or older. The gender makeup of the city was 47.5% male and 52.5% female.

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