Primary location
300 Prairie Center DrEden Prairie, MN 55344
cynthia.theisen@usbank.com
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Primary location
300 Prairie Center DrSocial platforms
952-942-2847
612-819-4753
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The mortgage rates shown below assume a few basic things, including:
Rates are current as of .
See rates for other states.
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30-year fixed - VA |
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15-year fixed - jumbo |
Mortgage Sales Supervisor
NMLS# 501954
952-942-2847
952-942-2847
612-819-4753
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
ApplyThe mortgage rates shown below assume a few basic things, including:
Rates are current as of .
See rates for other states.
Term | Rate | APR | Monthly Payment | Points |
---|---|---|---|---|
30-year fixed | ||||
20-year fixed | ||||
15-year fixed | ||||
10-year fixed |
Term | Rate | APR | Monthly Payment | Points |
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10/6 mo | ||||
7/6 mo |
Term | Rate | APR | Monthly Payment | Points |
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10/1 Jumbo | ||||
7/1 Jumbo | ||||
5/1 Jumbo |
Term | Rate | APR | Monthly Payment | Points |
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30-year fixed - FHA |
Term | Rate | APR | Monthly Payment | Points |
---|---|---|---|---|
30-year fixed - VA |
Term | Rate | APR | Monthly Payment | Points |
---|---|---|---|---|
30-year fixed - jumbo | ||||
20-year fixed - jumbo | ||||
15-year fixed - jumbo |
Mortgage Sales Supervisor
NMLS# 501954
952-942-2847
952-942-2847
612-819-4753
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
ApplyUse our mortgage calculator to help you better understand your home financing options.
Mortgage Sales Supervisor
NMLS# 501954
952-942-2847
952-942-2847
612-819-4753
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
ApplyMortgage Sales Supervisor
NMLS# 501954
952-942-2847
952-942-2847
612-819-4753
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
ApplyGet answers to your questions regarding home financing, refinancing and more.
Depending on your home-ownership goals, there are several options for first-time home buyer loans. Some examples include Federal Housing Administration (FHA), Veterans Affairs (VA) and United States Department of Agriculture (USDA) loans, which allow for low to no-down payments for qualified buyers. Conventional loans are another option, and you could qualify with a credit score as low as 620 but you’ll need a more substantial down payment (up to 20% depending on your situation). It’s important to consider the benefits of different loan options before deciding which one is right for you.
To qualify for mortgage loans that are best suited for first-time home buyers, there are general requirements that can include:
Your mortgage loan officer can work with you to see if you qualify for any first-time home buyer loans.
If you have not owned a home in the last three years, you may be eligible to apply for a first-time home buyer loan and down payment assistance. The requirements for each loan type vary, but they typically are based on your credit score and down payment amount. Contact your mortgage loan officer to see if you qualify.
A physician loan is a mortgage designed for Doctors of Medicine (M.D.) and Doctors of Osteopathic Medicine (D.O.). They offer low down payment options and relaxed debt-to-income ratios.
Physician loans are available to Doctors of Medicine (M.D.) and Doctors of Osteopathic Medicine (D.O.). Residents with six months or less in their residency or fellowship who have accepted full time positions and doctors who have completed a residency with the last ten years are also eligible. To be eligible for a physician loan, you must provide a copy of your medical license and employment contract, and the property must be your primary residence. Second homes and vacation homes do not qualify. To learn more about how physician loans work, connect with your mortgage loan officer.
No. Physician loans differ from conventional loans in several ways. Physician loans are flexible with debt-to-income ratios and will typically accept a signed contract as employment verification.
A jumbo loan is for single-family homes with loan amounts greater than $726,200. In certain high cost areas, such as Alaska and Hawaii, the loan amount must be greater than $1,089,300. To qualify for a jumbo mortgage loan, you must meet the established guidelines for credit score, income and other personal financial information.
Jumbo loans are mortgages that exceed conforming loan limits. The limit on conforming loans is $726,200 in most areas of the country, but jumbo mortgages can exceed these limits. The limit can be as high as $1,089,300 in certain high cost areas, including Alaska and Hawaii.
A VA jumbo loan is a Veterans Affairs (VA) loan that exceeds the conforming loan limit of $726,200 and up to $1,089,300 in high-cost areas such as Alaska and Hawaii. If you’re an active-duty service member, veteran or eligible surviving spouse, and you meet the income and credit requirements, a VA jumbo loan could be an option for you.
AFederal Housing Administration (FHA) loanis a government-backed loan that’s insured by the Federal Housing Administration. FHA loans typically have lower credit and down payment requirements for qualified home buyers. For example, the minimum required down payment for an FHA loan is only 3.5% of the purchase price.
If you’ve decided aFederal Housing Administration (FHA) loanmay be right for you and you meet the established guidelines, including, but not limited to:
You canstart your applicationon your own, or with the help of your mortgage loan officer, who can work with you to see if you qualify for a FHA loan.
Federal Housing Administration (FHA) loansare available to all qualified buyers, regardless of income level. They often have more flexible lending requirements than conventional loans. All FHA loans require mortgage insurance which protects the lender against any loss if mortgage payments are missed. To learn more about how FHA loans work, speak with your mortgage loan officer.
The process of buying a vacation home is similar to buying a primary residence. However, the credit, down payment and cash reserve requirements may vary since they represent an added risk to the lender. To learn more about how to buy a vacation home, contact your mortgage loan officer.
You should think about how you’ll use the home and how often you’ll use it. You should also keep in mind the cost and location of the home.
Decide which factors are most important to you, whether it be a particular climate, the distance to the activities you enjoy or proximity to nearby towns and major cities. Answering these questions will help you narrow down your options and find the best fit for your lifestyle.
Mortgage Sales Supervisor
NMLS# 501954
952-942-2847
952-942-2847
612-819-4753
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
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