VA Loan Calculator for Minnesota

VA Loans in Minnesota

VA loans allow eligible veterans and active-duty service members to buy a home in Minnesota with no down payment. On the median Minnesota home of $315,000, that's the full $315,000 financed — no down payment required.

VA Loan Limits in Minnesota

Veterans with full entitlement have no VA loan limit. The conforming limit of $726,200 in Minnesota is relevant only for veterans with reduced entitlement. All Minnesota counties are at the standard conforming limit.

VA Funding Fee

Most VA borrowers pay a one-time VA funding fee: 2.15% for first use with no down payment (1.5% with 5%+ down). On a $315,000 loan, the funding fee is approximately $6,772. Veterans with service-connected disabilities are exempt.

Property Taxes in Minnesota

VA loans don't change your property tax obligation. Minnesota's effective rate is 1.02%, adding ~$268/month to your VA PITI payment.

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