Business Details
21 Years
experience
Your Trusted Mortgage Broker in Maple Grove, MN
As the Minnesota Mortgage Guy, I have dedicated my career to helping clients navigate the complex world of home financing. With over 18 years of experience in the mortgage industry since 2005, I bring deep expertise in loan origination, underwriting, and market trends to every transaction. My services extend beyond conventional financing, encompassing FHA, VA, USDA, jumbo, and specialized programs for first-time buyers and investment properties. Holding dual licenses as both a mortgage broker and real estate agent, I offer comprehensive guidance that bridges property acquisition with optimal financing solutions. My approach prioritizes long-term financial strategy over short-term transactions, ensuring clients understand how their mortgage choices align with broader wealth-building goals. Backed by NEXA Mortgage, LLC's resources while maintaining local market specialization in Minnesota's 7-County Metro Area, I combine national standards with community-focused service.Clients benefit from my proactive problem-solving approach, developed through hundreds of successful loan closings, and my commitment to transparency with no hidden fees. Available 24/7 for personalized consultations, I operate on a 100% commission basis, ensuring my success remains directly tied to client satisfaction and successful loan outcomes. My career began during fluctuating market conditions, giving me unique insights into navigating economic cycles and regulatory changes that affect mortgage accessibility. This experience positions me to provide informed guidance that empowers clients to make confident, future-oriented housing decisions.
Services
Conventional Loans
FHA Loans
VA Loans
USDA Loans
Jumbo Loans
Reverse Mortgages
First-Time Buyer Programs
New Construction Financing
Renovation Loans
Investment Property Loans
Details
- Year established: 2005
Highlights and features
- We offer over 18 years of mortgage industry experience with personalized guidance
- Our dual licensing ensures comprehensive mortgage and real estate expertise
- We provide 24/7 availability for urgent client needs and flexible scheduling
- Our 100% commission structure aligns success with client satisfaction
- We specialize in navigating complex loan scenarios with proven problem-solving
Services
Conventional Loans
Conventional loans offer flexible terms for qualified buyers with down payments starting at 3%. These non-government-backed mortgages provide fixed or adjustable rates with loan limits up to $726,200 in most areas. Ideal for borrowers seeking standard financing without mortgage insurance requirements when making 20% down payments.
FHA Loans
FHA loans enable low-to-moderate income borrowers with minimum 3.5% down payments and credit scores as low as 580. These government-insured mortgages include mandatory mortgage insurance but offer more lenient qualification standards. Perfect for first-time homebuyers seeking affordable entry into homeownership.
VA Loans
VA loans provide zero-down payment options for eligible veterans, active-duty personnel, and military spouses. Backed by the Department of Veterans Affairs, these mortgages require no mortgage insurance and feature competitive rates. Designed to reward service members with accessible homeownership opportunities through specialized underwriting guidelines.
USDA Loans
USDA loans offer 100% financing for properties in eligible rural areas with household income limits. These zero-down payment mortgages feature reduced credit requirements and subsidized interest rates. Ideal for buyers seeking affordable housing options in qualifying locations outside major urban centers.
Jumbo Loans
Jumbo loans exceed standard conventional limits, accommodating properties above $647,200 in most markets. Available for primary residences, vacation homes, and investment properties, these mortgages require stronger credit profiles and larger down payments. Designed for luxury home buyers or those in high-cost areas needing specialized financing solutions.
People
Andy Boyum
Mortgage Broker/Loan Originator
Andy Boyum, licensed NMLS #205668, has served Minnesota homeowners since 2005. Combining mortgage brokerage with real estate expertise, he specializes in guiding clients through complex loan scenarios while maintaining 24/7 availability. His experience spans hundreds of transactions across diverse mortgage products.
Questions
What mortgage options exist for first-time homebuyers?
We offer FHA loans with low down payments, USDA loans for eligible rural areas, and specialized first-time buyer programs with down payment assistance options.
Can I qualify with less-than-perfect credit?
Yes, we work with borrowers having credit scores as low as 580 for FHA loans, focusing on overall financial capability rather than just credit history.
Do you offer jumbo loans for luxury properties?
Yes, we provide jumbo loan options exceeding conventional limits, tailored for high-value properties in Minnesota's premium housing markets.
Are VA loans available for military families?
We specialize in VA loans for veterans, active-duty personnel, and eligible military spouses with zero-down payment options and favorable terms.
How do discount points affect mortgage rates?
Paying discount points lowers your interest rate by prepaying interest at closing, typically reducing rates by 0.25% per point for long-term savings.
What defines a comparable sale in appraisals?
Comparable sales are recent, similar property transactions used to determine market value, considering location, size, and amenities matching the subject property.
