A Comprehensive Guide Tailored for You:
Empowering Military Homebuyers
Explore Housing Options Near
Grand Forks Military Base
Resources for Military Homebuyers
About Us
Welcome to My Grand Realty – Your Veteran-Friendly Home Team. With a strong commitment to our military community, we proudly serve as a resource for both homebuyers and sellers. As a Veteran-owned office, we honor the service of individuals like Rod Meyer, a Vietnam veteran. In our office, you'll find the flags of different military branches, a symbol of our respect. Join us, and let's navigate the path to your dream home together.
VA Loans
Unlocking Homeownership for Heroes – VA Loans Demystified. Your journey to a VA home loan begins here. From understanding eligibility to navigating the benefits, we've got you covered. Our FAQ section provides insights tailored to your needs. Let's make your home dreams a reality.
Local VA Lender
Trust Local, Thrive Local – Your VA Home Loan Partner. When it comes to VA loans, a local touch makes all the difference. Meet your trusted VA lender, Scott Meyer. As part of the Benchmark team, Scott is dedicated to serving our military community. Explore the possibilities with a lender who understands your unique needs.
VA Loans Questions & Answers
VA Loan Eligibility
Who is eligible?
Eligibility is primarily for veterans, active-duty service members, National Guard members, and some surviving spouses.
To qualify, you typically need to have served 90 consecutive days of active service during wartime, 181 days during peacetime, or have more than 6 years of service in the National Guard or Reserves.
Benefits of VA Loans
What are the benefits?
VA loans offer several compelling benefits, including no down payment, no private mortgage insurance (PMI), competitive interest rates, relaxed credit requirements, limits on closing costs, and no penalty fee for early loan repayment.
VA Loan Property Considerations
Can I buy a fixer-upper with a VA loan?
VA loans are typically for move-in-ready homes, but with a VA renovation loan, you can buy and improve a home that needs upgrades or repairs. It's crucial to work with a lender experienced in VA renovation loans for this process. Additionally, there are restrictions on property types; VA loans are mainly for primary residences, and certain property types, like co-ops, may not be eligible.
Role of a VA Lender
What do they do?
A VA lender, approved by the Department of Veterans Affairs, is a private financial institution that handles the loan application process. This includes evaluating your creditworthiness, assisting in obtaining the Certificate of Eligibility (COE), and proving your entitlement to VA loan benefits.
If you're ready to explore VA financing options, My Grand Realty can connect you with a trusted VA lender.
Live, Work & Play in Grand Forks
Live
Life moves at its own, comfortable pace in North Dakota, and everyone’s a little happier for it. Find home in one of our diverse neighborhoods… in a community of friendly faces.
Work
Our robust economy varies from agriculture to education, manufacturing and scientific research to healthcare, and top employers include UND, Altru Health, LM Wind Power and more.
Play
Grand Forks, always fun! Parks and trails, Downtown entertainment, performing arts, fishing and boating, events and celebrations, and hockey, hockey, and more hockey!
Ready to Make Grand Forks Your Home Base?
At My Grand Realty, we're committed to empowering military homebuyers like you. Explore our comprehensive guide tailored for your needs. From VA loans to personalized service, we're here for you every step of the way.