Secure a VA Mortgage in North Dakota

Lenders who live in North Dakota can take advantage of the North Dakota VA loan.  This is a unique loan program that can help veterans get into homes much faster.  All VA loans are backed by the Department of Veteran Affairs (VA).

Jump to: Eligibility | Loan Limits

What is the VA Loan?

The VA loan program was created with the goal of helping veterans purchase homes.  Veterans who have served this nation in the US Armed Services deserve every opportunity for success and financial stability.

The VA doesn’t originate any loans, though.  All VA loans come through private lenders who, through the backing of the VA, are able to offer better rates and terms to veterans.

VA Loan Benefits in North Dakota

Some of the biggest benefits associated with VA loans are as follows.

• You don’t have to pay any down payment.
• You don’t need high credit or high income.
• You don’t need to purchase mortgage insurance.
• You don’t have to pay the closing costs right away.  They can be included in the loan.
• You can pick from several different mortgage payment arrangements.

VA Loan Requirements and Eligibility

The basic requirements for eligibility within the VA loan program are not difficult to attain if you’re a veteran.  You simply need to be a veteran of a branch of the US Armed Services and have served for at least 90 consecutive days without dishonorable discharge. You should have a credit score of 620 or higher. 

If this is true of you, you’re ready to obtain a certificate of eligibility from the VA department.  This will establish proof that you meet the criteria for VA loan eligibility.  Once this is established, contact a VA loan specialist to help you with your loan.

VA Refinance

If you need to refinance your existing mortgage, you can do so through a North Dakota VA Streamline (IRRRL) refinance.  This refinance type saves you both time and money by eliminating some of the paperwork and fees required to complete the refinance process.

Another option is the VA's Cash-Out refinance. Borrowers can access up to 100% of their home equity and use it for funding college, health needs, home improvement projects, and more. 

North Dakota VA Mortgage Rates

The mortgage rate you get on your VA loan is very important.  Don’t lock in a rate until you’re sure it’s the best one you can qualify for.  Compare mortgage rates offered by multiple lenders and select the one that’s best.  If you don’t take the time to do this research, you may miss out on a deal.

VA Lenders in North Dakota

If you need a way to contact multiple lenders in North Dakota at once, you can use the form at the top of the page.  Just fill it out and we’ll put you in touch with up to four lenders in your area who can help you with your VA loan.  Make sure to check up on VA loan limits, too.  If you need additional information on any of this, feel free to get in touch with the Department of Veteran Affairs.

North Dakota Military Information

North Dakota has two active military bases.  These bases are as Grand Forks Air Force Base and Minot Air Force Base.  These military bases are where most North Dakota VA home loan applicants live and work.

VA Loan Lending Limits in North Dakota

Below is the list of the maximum VA loan limits for counties in North Dakota:

County	Loan Limit
ADAMS	$417,000
BARNES	$417,000
BENSON	$417,000
BILLINGS	$417,000
BOTTINEAU	$417,000
BOWMAN	$417,000
BURKE	$417,000
BURLEIGH	$417,000
CASS	$417,000
CAVALIER	$417,000
DICKEY	$417,000
DIVIDE	$417,000
DUNN	$417,000
EDDY	$417,000
EMMONS	$417,000
FOSTER	$417,000
GOLDEN VALLEY	$417,000
GRAND FORKS	$417,000
GRANT	$417,000
GRIGGS	$417,000
HETTINGER	$417,000
KIDDER	$417,000
LAMOURE	$417,000
LOGAN	$417,000
MCHENRY	$417,000
MCINTOSH	$417,000
MCKENZIE	$417,000
MCLEAN	$417,000
MERCER	$417,000
MORTON	$417,000
MOUNTRAIL	$417,000
NELSON	$417,000
OLIVER	$417,000
PEMBINA	$417,000
PIERCE	$417,000
RAMSEY	$417,000
RANSOM	$417,000
RENVILLE	$417,000
RICHLAND	$417,000
ROLETTE	$417,000
SARGENT	$417,000
SHERIDAN	$417,000
SIOUX	$417,000
SLOPE	$417,000
STARK	$417,000
STEELE	$417,000
STUTSMAN	$417,000
TOWNER	$417,000
TRAILL	$417,000
WALSH	$417,000
WARD	$417,000
WELLS	$417,000
WILLIAMS	$417,000

Lenders in: North Dakota.