Wondering what your payment might be? Use our calculators to perform mortgage-related calculations such as your expected monthly payments.

Government Loans

Government loans are the mortgage loans which come with a guarantee loans by federal agencies to the lender, which enables lenders to lend money with less risk. However, the government doesn't actually lend the money, rather they guarantees repayment to the lender and insures losses that may be incurred if a loan goes into default and subsequent foreclosure.


For active or military veterans only - The big advantages of a VA home loan is that the VA allows veterans to finance 100% of their home's value. Yup... no down payment required. The second big advantage is that the loan does not require mortgage insurance. This is a significant monthly savings compared to other loans when you put less than 20% down payment.  VA also offers the VA IRRRL streamline refinance - no appraisal required, which works well for underwater homeowners.


The advantages of financing using FHA loans are that they are easier to qualify for, and allow a borrower to put down just 3.5% of the purchase price. The only negative is that FHA loans do have expensive mortgage insurance. When talking to our loan officers, we will be happy to go over all your loan options. FHA also allows for the FHA Streamline Refinance - no appraisal required, which works well for underwater homeowners.

FHA loans work best for those borrowers who are first-time buyers, prefer a smaller down payment, have a short credit history, and for those who are having trouble qualifying for a Conforming Loan.


This zero down payment loan is only available for rural areas of the country. Basically anything outside of a bigger city qualifies. There are also income limits, but most lower and middle class families easily fit the program. Contact us to determine income and location options.

MHFA (Minnesota Housing Finance Agency) LOANS

This is basically an add on to just about any other loan, that provides down payment and closing cost assistance to those who qualify.  if is very common to get up to $5,000 in assistance.