VA Loan

Are you a military service member or veteran looking to buy a home?

As a benefit of your service, the Department of Veterans Affairs offers unique resources to help those with military experience purchase a home with a low or zero down payment. VA loans offer flexible options as either fixed rate or adjustable rate mortgages.

VA loans are available and provide the buyer the chance to finance 100% of the purchase price of the home. This means no down payment is required. It is important to note that buyers will still need to qualify for the loan. This means that lenders will look at their credit and ability to pay the mortgage. If you are in a troubling financial position, a lender may want to see you pay down debt or save up money before they are willing to give you the loan.

You may also be responsible for closing costs, such as recording the title or paying lawyers to draw up all paperwork. This is negotiable with the seller and something to discuss with your realtor before making an offer on a home.

The VA Loan Process

A VA loan works the same as most other home purchases: a buyer makes a written offer to purchase a home under specific conditions (price, closing cost assistance, other contingencies) and then goes through an approval process with a lender. The key difference with a VA loan is that the Department of Veterans Affairs requires that all homes purchased through this program meet certain habitability requirements. They will send out a home inspector and appraiser to make sure that the home is in good working order and is worth what you are paying.

This step may sometimes cause delays, especially if repairs are needed after the inspector looks around. Issues at the home do not necessarily mean that the buyer cannot use the VA loan, just that repairs will need to be done before the home purchase can be completed. The VA recently started offering a VA loan to be used for homes that need renovation on a limited basis.

How VA Loans Work

  • Purchase your home with as little as 0% down payment.
  • 30-, 25-, 20-, and 15-year terms are all available with fixed rates.
  • 5-year adjustable rate mortgages are available.
  • Jumbo VA loans are also available.
  • VA Streamline Refinance with a reduced funding fee and flexible documentation requirements are available for veterans currently in VA loans.
  • No monthly Private Mortgage Insurance (PMI).
  • VA loans are governed by the U.S. Department of Veterans Affairs.
  • Pay your mortgage off at any time without pre-payment penalties.

How to Get Started

You can get pre-qualified or fill out a loan application online!

Get Started Online

Still have questions? Give us a call! One of our mortgage specialists would be happy to answer all your questions.

Evon Bent
Evon Bent Mortgage Banker NMLS ID: 2115718 651-206-6666 Email Evon About Evon

I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs.


Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.


https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=633c978c-f6e2-4734-9b28-11dd31c15d05
Alex Brost
Alex Brost Mortgage Banker NMLS ID: 2441549 612-298-6148 Email Alex About Alex

I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs.


Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=5480bb7e-8db6-4408-a236-176192da5f2e
Laneachia  Burton
Laneachia Burton Mortgage Lending Asst. & Loan Processor NMLS ID: 1738144 612-685-8781 Email Laneachia About Laneachia

I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs.


Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=1c05a519-0c91-4f75-a23b-705b71eb98e1
Michelle  Davis
Michelle Davis Mortgage Banker NMLS ID: 2145051 651-955-3472 Email Michelle About Michelle

I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs.


Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.


https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=31e56a8e-e93b-4e5c-b881-f3cff1b09fc2
Gloria Gleason
Gloria Gleason Director of Operations NMLS ID: 2192218 612-214-2541 Email Gloria About Gloria

I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs.


Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.


https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=df8c2eb6-ccd1-4357-99c4-55ee0a1f0776
Jamie Hemberger
Jamie Hemberger Mortgage Banker NMLS ID: 289979 612-281-9633 Email Jamie About Jamie

Jamie began his mortgage career in 2000, after earning a degree in Economics from NDSU — which set him up for success in the industry. He found his passion helping people navigate through the mortgage process and enjoys providing people with information and advice to find the best loan for their situation. Jamie enjoys running his two boys to their various sporting, scouting, and church events along with his wife of 18 years. He also serves as a volunteer with the local Boy Scout Troop. In his spare time, Jamie likes to take his family camping, hiking, biking, and boating in the great outdoors.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=eb031764-7e0f-4198-a46c-9c687a93eca2
Kristy Jerzak
Kristy Jerzak Client Care Associate 320-857-2521 Email Kristy https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=7792260e-922c-4e41-aa95-16644944e8aa
Tom Meckey
Tom Meckey SVP of Growth NMLS ID: 1915268 612-327-8303 Email Tom About Tom

Tom Meckey is a 20 year veteran of the Real Estate Industry specializing in residential home sales, corporate relocation, and new construction. Prior to entering the real estate industry, Tom worked in IT and Software Sales. He has a degree in Information Science from the University of Pittsburgh. Tom lives in the Lynnhurst Neighborhood of Southwest Minneapolis with his wife and two kids. Tom serves as Board Member at the Southwest Minneapolis Business Association. He is a youth basketball coach with the Minneapolis Lakers and Washburn High School in Minneapolis. He also volunteers his time as an adult leader with the confirmation program at Bethlehem Lutheran Church.


Tom leads Grove Bank Mortgage’s Partner Agent program, working with some of the best real estate agents in the business, delivering an unparalleled borrower experience by navigating the complex world of the real estate transaction. Because of his deep knowledge and understanding of the life of a real estate agent, his insights enable Grove Bank Mortgage to better serve agents, enabling them to better serve their clients.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=e6dde3e1-b06d-42f7-b08a-c732bd2000a1
Jason  Roaldson
Jason Roaldson Branch Sales Manager NMLS ID: 308253 612-310-3113 Email Jason About Jason

Jason is a 20 year veteran in the financing industry and has worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. He believes that trust is the most important ingredient in the relationship between client and he, which is why he focuses on transparency with clients so they understand from where all of the numbers in their transactions are derived. When trust is high, stress is low, and purchases close on time.


Jason holds himself accountable in all that he does. He is committed to serving you, committed to excellence, and committed to your 100% satisfaction.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=e1260ef3-679a-4b2f-80db-7a547e7c5322
Bill Thompson
Bill Thompson Sr. Mortgage Banker NMLS ID: 384815 612-414-3739 Email Bill About Bill

For more than 20-years, Bill Thompson has been a mortgage loan officer who applies a customer centric relationship based approach to lending. He is a forward thinking problem solver that develops mortgage strategies which allow people to build more wealth in their lives. This is backed by him being a Certified Financial Coach since 2008. A former varsity baseball player at the University of Minnesota, Bill is a life-long Gopher. He’s been married for 23-years and has two daughters. He spends his down time with his family, listening to music, or cheering for the Gophers… Ski-U-Mah!

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=296ba963-5644-4a50-9e57-3472d5822a7c
Brian Wellman
Brian Wellman Mortgage Banker NMLS ID: 228856 612-791-6380 Email Brian About Brian

Brian is a 30-year veteran in the real estate industry. Since 2009, he has worked as a mortgage professional. He is committed to unsurpassed customer service. To begin the process, he likes to ask questions and be inquisitive. Only then can he get a good sense of his customer's needs, wants and desires. He also firmly believes it's important to have a conversation with every customer about payment comfort and how the new housing payment fits in their present and future financial plans.


When assisting a customer with their home's financing, he’s not only working with one of their largest personal financial investments but also handling one of their biggest dreams. Since he works with matters so close to his customer's hearts, he serves them from his with honesty and integrity.


Married in 1991, Brian and his wife have two adult children. When not at his TH in Victoria, Brian can be found at his lake home on Lake Vermilion.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=e0701c80-da1c-494e-985c-e621e6046501

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