Guests - If You want access to member only forums on HSO. You will gain access only when you Sign-in or Sign-Up on HotSpotOutdoors.

It's easy - LOOK UPPER right menu.

  • Announcements

    • Rick

      Members Only Fluid Forum View   08/08/2017

      Fluid forum view allows members only to get right to the meat of this community; the topics. You can toggle between your preferred forum view just below to the left on the main forum entrance. You will see three icons. Try them out and see what you prefer.   Fluid view allows you, if you are a signed up member, to see the newest topic posts in either all forums (select none or all) or in just your favorite forums (select the ones you want to see when you come to Fishing Minnesota). It keeps and in real time with respect to Topic posts and lets YOU SELECT YOUR FAVORITE FORUMS. It can make things fun and easy. This is especially true for less experienced visitors raised on social media. If you, as a members want more specific topics, you can even select a single forum to view. Let us take a look at fluid view in action. We will then break it down and explain how it works in more detail.   The video shows the topic list and the forum filter box. As you can see, it is easy to change the topic list by changing the selected forums. This view replaces the traditional list of categories and forums.   Of course, members only can change the view to better suit your way of browsing.   You will notice a “grid” option. We have moved the grid forum theme setting into the main forum settings. This makes it an option for members only to choose. This screenshot also shows the removal of the forum breadcrumb in fluid view mode. Fluid view remembers your last forum selection so you don’t lose your place when you go back to the listing. The benefit of this feature is easy to see. It removes a potential barrier of entry for members only. It puts the spotlight on topics themselves, and not the hierarchical forum structure. You as a member will enjoy viewing many forums at once and switching between them without leaving the page. We hope that fluid view, the new functionality is an asset that you enjoy .
Sign in to follow this  

We are an FHA/VA approved Lender

Recommended Posts

Well, a couple months have gone by since we became a government approved lender but I wanted to get my feet wet before letting you all know. In May, we were approved by the Federal Housing Authority (FHA) and Veterans Affairs (VA) as a direct lender in MN, ND, IA, MT, SD, and WI. I'm sure many of you are asking what this means so I will explain the benefits of each program below.

FHA- These loans are insured by the federal government which makes lenders feel better. Because it is backed/insured by the feds, we are able to offer a lower rate than the conforming (Fannie Mae/Freddie Mac) counterpart. The maximum LTV (loan to value)with FHA loans can be 98.75% depending which state you live in, but can be structured as a 100% deal when using a down payment assistance program.

FHA loans do require a Up Front Mortgage Insurance Premium (UMIP) on all loans greater than 15 years that can be 1.25-2.25% of the loan amount, depending on your credit score and LTV. This UMIP is financed above and beyond the base loan amount so it is not an out of pocket cost. There also is a yearly MI payment of .5%-.55% of the loan amount spread out over 12 months which again depends on the LTV and credit score. In certain cases you can get a refund if you payoff or refinance your mortgage within a certain amount of years.

FHA loans are also much more forgiving on credit scores, and actually do not even use them for credit qualifying. It is possible to get approved with a mid to low 500 credit score if everything concering income, assets, and job history or OK.

Another plus is that FHA does not take into considerateion the fact that your home may be in a declining market, which some conforming loans do, and private mortgage insurance company's definatley do. This means a reduction of the maximum LTV in which you can qualify, but not so with FHA.

VA- VA loans offer 100% financing with no MI and have an upfront funding fee of 2.125%. As a VA member, you would have an awards letter that shows how much VA backing you qualify for. There are some credit score criteria associated with VA loans, but for a Veteran wanting to get into a home, it is a great program.

Both of these programs have maximum loan amounts that are solely dependent on what county you reside in, but offer greater flexibility and financing than conforming loans. Valesco Mortgage is a division of a Federal Savings Bank so be assured that there will be no monkey business and you'll get what you are promised. Remember, as always, I will credit $350 at closing to all Fishing MN members that will help cover some of your fees.

Share this post

Link to post
Share on other sites

Peter, I just wanted to say thanks again for all your help with my refinance. You made things easy on my end and I am now finally locked in onto fixed rate mortgage.......which makes me feel much better these days than being in the ARM I was in!

Maybe one of these days we will get out fishing in DL!

Share this post

Link to post
Share on other sites

The HSR9000 is great.....I love the setup!!! The hidden hood handle/real seat really makes it nice!!! Now if I could just get more time on the water it would be even better.

Funny thing with this whole mortgage deal was that another FM member met me at my house for the closing (from the title company).

Share this post

Link to post
Share on other sites

Glad to hear you took care of the Mortgage issue, and the HSR 9000 is working well for you. I thought you would like it. I haven't heard any complaints on them form people who have built one.

Share this post

Link to post
Share on other sites
This topic is now closed to further replies.
Sign in to follow this  

  • Posts

    • I actually enjoyed this. LOL  I used to dive a lot, but not as good as these did.
    • Didn't you smoke one before watching? 
    • Uhhhhh... I for one am at a complete loss for words.
    • Here is a project for you when fishing gets slow.  
    • I've never been to Boone's but I would think that Ahlman's Gun Shop down by Waterville might be similar and another possible resource.
    • Was able to get out these last couple weeks a couple times to enjoy the waterfowl before most of them left for good. Surprisingly was able to find a couple sea ducks on back to back weekends. The harlequin was a first for me in MN and the Long Tail was the second of my life.  Young long tail days before this lake froze over. Hen Harlequin below the St. Cloud darn couple weeks ago. American blackduck - may have some slight mallard mixed in with it as I noticed some green on its head from certain angles. widgeon picture I liked the colors with. This was taken early November.  
    • Hey, I just started mine and did about 5 circles around the yard just to smell some exhaust!
    • Wow. That's like a dictionary.
    • I downloaded and printed the manual. Worth it. It does so many things it would take years to fumble through to find shortcuts and fine tune without it. 
    • Well, the package arrived yesterday and I got it put together last night. Overall impression compared to the lowrance is that this is by far a better unit.   Starting with the bag. The zippers and fabric are more heave duty and look to be able to stand up to much more use without problems.   The plastic holder- probably a wash between the two units but the HB has done some nice things with cord management that give it the nod. Also feels a bit more durable.   Now to the graph- I live the display. It looks more sharp and more professionally designed than lowrance and to be honest I like the look better that the marcum lx units as well. Just personal preference. The adjustments are more intuitive and overall after being a lowrance guy for a long time I can't find a single thing that lowrance did better.
  • Our Sponsors