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Mortgage Rates & Information

For mortgage pre-qualification and personalized answers to all of your mortgage related needs, please contact our preferred lender at:Bank of America Home LoansJon G. Ressler
Jon G. Ressler, Retail Sales Manager
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Office: 952.848.5705
Mobile: 952.500.3962
Fax: 866.517.0876

5201 Eden Ave
Suite 150
Edina, MN 55436
Get DirectionsTo 5201 Eden Ave Suite 150 Edina, MN


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Calculator and Rates
How much will your mortgage payment be? Enter your loan information below and click submit to find out. You can also contact Jon G. Ressler at Bank of America for more mortgage information. Jon can help you through the entire mortgage pre-approval process and answer loan related questions to help you find the right home loan.


Reproduced with the permission of Mortgage-X.com

Mortgage Rates

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FHA Mortgage Information
FHA lending limits in MINNESOTA and WISCONSIN inform home buyers how much FHA borrowing power they have in their area of the country. FHA loan limits vary based partly on the state and county in which the property is located. (Source:fha.com) 
 
Some Advantages of FHA Loans
  • FHA Loans Allow a Blemished Credit History
    • Low credit score, Bankruptcy or a Foreclosure will not automatically exclude you from loan approval.
  • FHA Loans Boast Competitive Rates & Terms
    • Rates vary very little, making them comparable to conventional loans.
    • Down payments call be a little at 3.5% or less or the purchase price.
  •  FHA Loans demand fewer repairs
    • Today's FHA repair requirements are much less stringent making it easier for a seller's home to qualify for the buyer's FHA loan.


Please view below and visit Here for more detailed information on FHA loans.