Minnesota Mortgage Broker offering Conventional, FHA, and VA mortgage loan programs-either fixed rate or adjustable(ARM) for your home purchase or refinance.
Call Patti or John at 952-285-4319 for an interest rate quote on current Minnesota mortgage rates-or-use the mortgage calculators to calculate your debt consolidation savings with a refinanced mortgage payment.
Minnesota Mortgage Broker-Venture Development- has been committed to your Minnesota real estate mortgage loan needs for over 14 years-whether it be for a home purchase, refinancing to a lower rate, or debt consolidation.
We offer Minnesota loan financing for first time buyers, move up buyers, home remodel and rehab, and investment property loans throughout the Twin Cities, MN-Minneapolis St Paul and Greater Minnesota. We are located in Edina, Minnesota.
Mortgage loan programs offered include: Conventional fixed rates, 30 year, 15 year, 10 year, ARMS, adjustable rate mortgages, Interest Only loans, FHA, VA, Veteran loans, Reverse mortgages, new construction, second mortgage, lines of credit and no cost loans.
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SERVICE: WE REMAIN IN BUSINESS BECAUSE OF YOU!
Customers First! Satisfied customers are more important to us than anything else. We strive to be your Minnesota mortgage lender/broker for life for all your real estate financing. Our goal is to make the loan process as simple and worry-free as possible. We at Venture Development pride ourselves in offering the highest level of customer service, and appreciate the opportunity to earn your business. We do it all-whether you want to refinance to a lower mortgage rate, consolidate debt, get a new home mortgage for a purchase, home equity line of credit or second mortgage, or purchase of an investment property. We have grown our business one loan at a time, based on repeat business and referrals.
We have the tools you need to make the correct decision regarding your next home mortgage. We can help you compare products so that the loan you select will match your goals. We can create a special report specific to your situation by utilizing a number of special software programs. We are your "mortgage doctor" we only "prescribe" the correct product after a financial consultation. Whether you are a first time home buyer or have obtained many mortgages throughout your lifetime you will find that the depth of knowledge and products that we have access to will meet your needs.
Are you waiting for a certain interest rate before you refinance your loan? Would you like to obtain one of the Twin Cities best interest rates on your next Minnesota home loan? Why not let us track the interest rate for you-and notify you when/if your rate is reached?
SOLUTIONS: PERFECT CREDIT-POOR CREDIT-DEBT CONSOLIDATION
If your credit score is not quite where it needs to be for a specific loan program, we will use one of our credit analyzer programs to see if there is something we can do to improve your scores. In some cases, we have dramatically improved the borrower's scores to where the borrower can qualify for a better set of mortgage loan products. At the same time, we have some clients that are in credit repair mode for the next 6-12 months. We believe in being proactive. We can make some suggestions on how you can re-establish credit. Start now-so you can buy a home in the future! Credit repair just takes time-Let's get started today! The sooner you do, the sooner you will be in a new home. Not all mortgage brokers will take the time to help you make permanent fixes to your credit. We take pride in doing business the right way. Use our debt consolidation mortgage calculator to see how much you can save.
MINNESOTA MORTGAGES & WIDE VARIETY OF HOME LOAN CHOICES
Think of Venture Development when you need a "Minnesota mortgage" for " Minnesota Real Estate". We can help. We are primarily a Minnesota mortgage broker, although we may be able to help you with financing in another state. Whether you are a first time home buyer, move up buyer, second home buyer, investment property buyer, vacation property, or interested in financing commercial property please call us. As a mortgage broker, we have access to some products that other lenders and other mortgage brokers simply don't have. Here are just a few of our products and unique situations: Fixed rate loans, adjustable rate loans, ARM, Option ARMs, second mortgages, HELOC's, Reverse Mortgages, One time close, new construction loans, cash out refinance, interest only loan, credit problems, no credit score, debt consolidation, 100% financing, investor loans, no cost loans, low cost loans, no ratio, self employed, stated, true no doc, first time buyer, and investment property financing, 110% loans, and 125% loans, FHA secure, FHA, Veteran, and VA loans.
REVERSE MORTGAGES: STAY IN YOUR HOME OR EVEN PURCHASE A NEW HOME
With regards to reverse mortgages-if you are over age 62 and own a home, you are eligible for this type of loan. There is no financial qualifying! There is a new JUMBO reverse mortgage product that allows you to get a loan of up to 4M. This can be used for purchasing a new home or accessing the equity on a second home. WOW! We are one of the first brokers to have this product available. ALMOST AN EXCLUSIVE-I don't know anybody else that is offering this program. Let's review the criteria again-Are you age 62, and would like to purchase a home but either on a fixed income-SS and/or pension, retired, good credit/bad credit? YES you CAN use a reverse mortgage for a purchase a home in Minnesota. There is NO QUALIFYING-other than your age, required downpayment, and new loan amount must be over 200K. Remember, with a reverse mortgage you make no payments. This means you could purchase a new home without qualifying and have no payments. CALL ME!
NEW STATE AND FEDERAL MORTGAGE LAWS-ALWAYS CHANGING
Minnesota has some new mortgage laws that became effective on August 1st 2007. These laws have removed the ability of Minnesota mortgage brokers to offer no documentation loans on primary residences but not for investment property purchases. We STILL CAN do low/no documentation programs for investment and commercial properties.
Lenders/Investors change programs qualifying criteria on a regular basis. We keep up to date on what the new laws are and how they affect your ability to get a mortgage.
CONVENTIONAL FIXED RATE MORTGAGES AND ARM's(ADJUSTABLE RATE LOANS)
The 30 year fixed rate mortgage is probably the most popular loan that we write for our clients. At the same time, we offer 10 yr loans and 15 year loans. In addition, we have all types of Adjustable Rate Mortgages-ARM's. We try to counsel borrowers to select the correct loan product based on the length of time they will remain in the property. Both Fixed Rate loans and ARM's can be amortizing-where you pay both interest and principal or just interest only. Some people prefer to pay down their loan whereas other will want the maximum tax deduction combined with the lowest payment that interest only has to offer. There is no right answer as everybody has a different situation and specific goal that they would like to accomplish. We at Venture Development will take the time to inform you of the options so that you can make the correct choice. Call us and ask us what our most popular program is at this time and why it is so popular.
FHA LOANS - VA-VETERAN LOANS
With FHA loans, we can utilize Down Payment assistance programs-like Nehemiah to help you pay for the downpayment and closing costs so you can purchase a new home. Don't let the lack of money be an obstacle to home ownership. Read more about down payment assistance using gifts from qualified charities.
In addition, many subprime lenders have either left the business or the loan programs that used to be offered have gone away. The government is trying to create some new solutions by revamping old programs and creating new programs. These proposed adjustment primarily are occuring in the FHA programs, but there may be some in VA (Veteran loans) too. Call me for details as these changes are evolving. Click under the tab FHA to your on the side bar for updates on FHA. This may be a solution to stemming the foreclosure crisis in the Minnesota housing market. The special FHA program is called FHA Secure or FHA SecurePlan and looks like it will be ready to be rolled out on January 1st of 2008. I will provide updates under the tab as more information becomes available.
If you have an existing FHA loan there is also the FHA Streamline refinance that is available for a lower cost refinance. There is an FHA 203K loan available for rehabilitation of an existing home for an owner occupant. Existing FHA programs allow the seller to pay some of your closing costs-usually up to 6%. There are down payment assistance programs too. We are creative, so call us with your situation.
As a side note, do you know what the anacronym stands for? FHA stands for "Federal Housing Administration." The mandate of the FHA is to be an agency of the federal government that will insure private loans that are issued for new and existing housing. In addition, FHA loans can be granted for approved home repairs. The entity FHA was actually created by congress in 1934 and subsequently became part of the Department of Housing and Urban Development's Office of Housing (HUD) in 1965. The recent passage of a vote by the House of Representatives gives us hope that the FHA will become a more modernized agency that will provide programs that are more risk based and responsive to today's lending environment. We'll have to wait to see if the Senate can pass the bill without to many modifications. In any event, the FHA will come out a better and stronger organization than they are today.
VA LOANS-VETERAN SPECIAL OFFER
If you are a Veteran, you are eligible for 100% financing with a VA loan. VA loans are insured through something called the funding fee. This protects the administration against loan defaults. The funding fee can be added to the back of the mortgage but is a reasonable trade off, when you consider that the loan is financed at 100% of the properties value.
When all things are compared, it may turn out that a conventional loan or FHA loan might be a better fit. Veteran loans take a little more time to process, so if that is the route you want to pursue, please allow ample time. The nice thing is that you have more mortgage finance options to evaluate. If you have served our country in the armed forces since 9/11 or are currently serving full time or in the guards, let us know. From time to time, we run various specials for exclusively for veterans and active duty participants. Call us for details. We want to honor those who make this country safe. Thank you for your sacrifice.
Get fast answers to common mortgage questions-Enjoy our site
At our website you can find tools available to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan for you. Also, we'll be happy to prepare a personalized mortgage quote for the home mortgage program of your choice.
WIN A FREE MONTHS MORTGAGE PAYMENT
Please check out all the tabs on the left. Under the "Company Info" tab you can enter the mortgage payment SWEEPSTAKES. How would you like to win a one month's mortgage payment-up to $5K? Venture Development Inc is owned by John Mazzara - President and Patti Mazzara - Vice President. We can be reached at 952-285-4319. We schedule appointments out of the RE/MAX Associates Plus office at 7450 France Ave S, Edina, Minnesota. Call us for directions and to schedule a time to take your loan application.
If you are looking for real estate information on any of the communities within the 7 county metro area, just ask John Mazzara. We recently wrote a series of reports on the various cities in and around Minneapolis and St Paul. You can find them on the tabs to the left. Just click and read up on the cities to see which community you might want to call home. We have specific reports about the real estate activity in each city at John's real estate site under "press releases/reports". Visit http://www.selling.mn/ to find out more.
MORTGAGES AND REAL ESTATE
We are more than just a Minnesota mortgage broker, we are able to help you with all aspects of a Twin Cities relocation. John has been successfully selling Twin Cities real estate since 1986. The first 9 years were with Burnet Realty and the balance has been with RE/MAX. John sells homes throughout the metro area. We live and work in Edina and know the Edina real estate market extremely well. John has lived in Edina since 1986.
You can visit our real estate site at http://www.selling.mn/ and go to reports and press releases to get a ton of information or start your ON LINE SEARCH for a new home IMMEDIATELY. If you are moving from out of state, not working with another real estate agent, and need a relocation package we can help-call us. If you are leaving Minnesota-we can refer you to a top Realtor in your new community.
REAL ESTATE INVESTING BOOK- "REALITY BASED" REAL ESTATE INVESTING
John Mazzara recently wrote a book about investing in investment real estate. The book covers over 23 years of his personal experiences and insights into selling/owning/managing rental real estate. You can find out more about the book and investing in real estate at our investment property book's website. While the book is based upon Twin Cities Minnesota real estate, much of the lessons and information is applicable across the US. Visit http://www.realitybasedrealestateinvesting.com/ and get your personal copy today.
 This is the cover of the book.
We help sell and finance mortgage loans throughout Minnesota in cities such as Minneapolis, St Paul and all surrounding suburbs such as Edina, Eden Prairie, St Louis Park, Minnetonka, Plymouth, Maple Grove, Robbinsdale, New Hope, Crystal, Chaska, Chanhassen, Waconia, Savage, Prior Lake, Shakopee, Richfield, Bloomington, Mendota Heights, Eagan, Apple Valley, Lakeville, Rosemount, Brooklyn Park, Brooklyn Center, Fridley, Columbia Heights, Shorview, Vadnais Heights, Lino Lakes, Roseville, Falcon Heights, North East Minneapolis, St Anthony, Stillwater, Inver Grove Heights, Lake Elmo, Afton, Cottage Grove, So St Paul, West St Paul, Woodbury, Oakdale, and Greater MN Minnesota. We are your Minnesota mortgage broker and we finance Minnesota homes all throughout the State of MN.
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 Mortgage News Daily - Mortgage And Real Estate News
House Passes Second Half of Housing Rescue Plan Despite Veto Threat - 2 days ago
The latest bill would allow lenders to reduce their exposure to foreclosures if they agree to cut the outstanding balance of an existing loan, thus allowing homeowners to refinance into a new loan that would be FHA insured. The reductions taken by lenders are substantial and must be based on new appraisals that should reflect current home pricing levels. The Bush Administration has opposed the legislation even though Frank included two measures near and dear to the president's heart - a revamp of the FHA and greater government control over Fannie Mae and Freddie Mac. Read More Now
Bill to Aid Communities Cope With Aftermath of Foreclosure Passes House - 2 days ago
The House late Thursday approved a narrowly focused bill that would provide $15 billion to the states to buy and spruce up foreclosed properties.The bill is different from one that has been widely discussed that would enable to Federal Housing Administration (FHA) to ensure new mortgages where the... Read More Now
Fed, FTC Propose New Rules on Lenders - 3 days ago
The Federal Reserve and Federal Trade Commission proposed new rules on Thursday which would require lenders to inform consumers of unfavourable developments or changes to the terms of their loans.Under the proposed regulations, the lenders would also have the option of divulging a consumer's credit risk rating. Read More Now
Economists Divided on What Jobless Claims Say About the Labor Market - 3 days ago
The current pace of jobless claims is relatively low compared to the previous recession, some economists say. However, others note that the rise in continuing claims is consistent with a higher unemployment rate than its current 5.0%, suggesting more trouble in the labour market than the latest figures might indicate. Read More Now
Consumer Credit Rises Well Above Forecasts in February - 4 days ago
Surprising to the upside, seasonally adjusted consumer debt rose $15.3 billion in March, according to data released Wednesday from the U.S. Federal Reserve, which also showed that total consumer credit rose to 2.558 trillion. Read More Now
Deterioration in Pending Home Sales Confirms Broader Trend, Economists Say - 4 days ago
Economists say the March report for pending home sales confirms what has been known for many months now: the U.S. housing market is still several months away from stabilizing. Benjamin Reitzes, economist at BMO Capital Markets, said the report essentially gives no new data, just a confirmation of the longer-term trend. He explained that the U.S. housing market will take several more months until it recovers, and that... Read More Now
Mortgage Rates Continue Pattern of Last Few Weeks - Little Movement - 4 days ago
Continued tight credit and worries about inflation worked to keep mortgage rates essentially locked into place during the week ended May 1 according to the Primary Mortgage Market Survey conducted by Freddie Mac.MBA also reported that mortgage originations for commercial and multifamily properties were up 19 percent last year (2007) with lenders closing $507.7 billion in loans.Increases were seen in originations for... Read More Now
Jump in Mortgage Foreclosures is "Urgent Problem" - 4 days ago
Fed Governor Randall Kroszner said rising mortgage foreclosures are an "urgent problem" and called on Congress to pass a Fannie Mae and Freddie Mac regulatory bill."As the Federal Reserve builds on its consumer protection efforts in order to mitigate foreclosures for current homeowners, we are also concerned about the... Read More Now
Kansas Fed's Hoenig Concerned Inflation May Prompt Interest Rate Hike - 4 days ago
Kansas City Fed President Thomas Hoenig (non-voter) says that inflation is becoming embedded in the economy and that may compel a significant interest rate hike. In a speech in Denver, Colorado, Hoeing that consumers are showing an "inflation psychology to an extent that I have not since the 1970s and early 1980s." Read More Now
MBA Weekly U.S. Mortgage Applications Bounce Up 15.6% - 4 days ago
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