Calculators

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


VA Home Loans in MN, WI, and SD

If you are an active or a U.S. military veteran, the VA home loan is by far, the best mortgage loan option for you. There are many advantages to a VA Loan.

- Zero down payment

- No mortgage insurance

- Lower interest rates

Not only is it for qualifying veterans, but the unmarried surviving spouse of a deceased veteran who died on active duty or as a result of a service-connected disability, Public Health Service Officers and active-duty servicemen and servicewomen may also qualify.

How do I apply for a VA loan in MN, WI, IA, ND, or SD?

You can apply for a VA loan with any qualified mortgage company that participates in the VA home loan program. Cambria Mortgage is very proud to offer VA Loans - Apply Now

The VA funding fee

Most VA loans requires what is known as a funding fee. This fee can be paid at closing, or rolled into the loan amount, which is what most people do. The exact cost varies by several factors, including active or reserves, first VA loan, or second, size of down payment, and purchase or refinance. A quick phone call to us, and we can tell you what your funding fee will be. The VA funding fee may be even be waived if the veteran is receiving a 10% VA disability or more.

What is a VA streamline financing - IRRRL Loan?

If you have an existing VA home loan, and you are looking to refinance to a lower interest rate, the VA offers an Interest Rate Reduction Refinance Loan (IRRRL) program, commonly referred to as a Streamline Refinance. The funding fee is lower, the entire process is more streamlines, and you may not even need an appraisal.

 

For more information please consult http://www.va.gov