Business Details
21 Years
experience
Your Trusted Mortgage Broker in Maple Grove, MN
Since 2005, I have dedicated my career to helping clients navigate the complexities of mortgage financing. As an Independent Mortgage Broker and Licensed Real Estate Agent, I offer personalized guidance tailored to each client's unique financial situation. My experience spans hundreds of loan transactions, providing insight into market trends, potential roadblocks, and strategic solutions. I prioritize client interests, operating on a commission-only basis to ensure alignment with successful outcomes. My services cover the 7-County Metro Area of Minnesota, with a commitment to transparency, ethical practices, and empowering clients toward financial independence through homeownership. 
Services
Conventional Loans
FHA Loans
VA Loans
USDA Loans
Jumbo Loans
Reverse Mortgages
First-Time Home Buyer Programs
New Construction Financing
Renovation Loans
Investment Property Loans
Details
- Year established: 2005
Highlights and features
- We offer 18 years of mortgage industry experience with a proven track record.
- Our personalized approach prioritizes individual client financial goals and circumstances.
- We provide access to multiple loan programs including government-backed and jumbo options.
- Our dual expertise combines mortgage brokerage with licensed real estate services.
- We maintain 24/7 availability for client consultations throughout the loan process.
Services
Conventional Loans
Conventional loans offer flexible terms for borrowers with strong credit profiles. These mortgages follow Fannie Mae/Freddie Mac guidelines with down payments starting at 3%. Borrowers benefit from competitive rates and options for fixed or adjustable-rate structures while building equity in their properties.
FHA Loans
FHA loans provide accessible homeownership opportunities with 3.5% down payments and lenient credit requirements. Backed by the Federal Housing Administration, these mortgages include mandatory mortgage insurance premiums while offering lower entry barriers for first-time buyers and credit-challenged applicants.
VA Loans
VA loans deliver zero-down payment options for eligible military personnel and veterans. Backed by the Department of Veterans Affairs, these mortgages require Certificate of Eligibility verification while offering competitive rates and no private mortgage insurance requirements for qualified borrowers.
USDA Loans
USDA loans enable zero-down home purchases in designated rural areas with income restrictions. These mortgages feature favorable terms for eligible applicants, including reduced mortgage insurance rates and flexible underwriting standards while promoting homeownership in qualified communities.
Jumbo Loans
Jumbo loans serve high-value property purchases exceeding conventional loan limits. These mortgages require stronger financial profiles with larger down payments and stricter underwriting standards while offering financing options for luxury homes and investment properties in premium markets.
People
Andy Boyum
Mortgage Broker/Loan Originator
Licensed mortgage professional with 18 years of industry experience. Specializes in multiple loan programs while maintaining dual expertise as a licensed real estate agent. Focuses on personalized client service and financial education throughout the mortgage process.
Questions
What is PMI and when is it required?
PMI (Private Mortgage Insurance) protects lenders against losses from defaulted loans. It's typically required for conventional loans with less than 20% down payment.
Can I qualify for a mortgage with imperfect credit?
Yes, we work with borrowers to assess overall financial profiles beyond credit scores. FHA loans allow minimum 580 credit scores with 3.5% down payments.
Should I pay discount points to lower my rate?
Paying points (1% of loan amount each) reduces interest rates long-term. It's beneficial for borrowers planning extended mortgage terms to offset lifetime interest costs.
What defines a comparable sale in appraisals?
Comparable sales are recently sold properties similar in size, location, and features to the subject property. Appraisers use these to determine accurate market valuations.
What are USDA loan eligibility requirements?
USDA loans require properties in designated rural areas and household income limits. Minnesota applicants with four-person households must earn below $91,900 annually for standard eligibility.
