Andy Boyum

Welcome to our mortgage business, where we guide our clients through the processes of buying, selling, and refinancing. We are committed to providing exceptional service and ensuring that our clients make informed decisions about their home financing options. Our team is led by Andy Boyum, a mortgage loan officer with over 15 years of experience in the industry. Andy is dedicated to helping his clients achieve their homeownership goals and is known for his extensive knowledge of the mortgage landscape and his ability to navigate complex loan transactions. He is a proud Minnesotan and enjoys giving back to his community by serving as the advisor for the Farmington High School Bass Fishing Team.

Loan Programs

We offer a variety of loan programs to suit the unique needs of our clients. These include:

• Conventional: Conventional loans are not guaranteed by the federal government and conform to the loan limits set forth by Fannie Mae and Freddie Mac. They are available in fixed and adjustable-rate products and can be obtained with as little as 3% down for qualified buyers. However, buyers with less than 20% equity must carry private mortgage insurance.
• FHA: FHA loans are insured by the Federal Housing Administration and allow for lower down payments and credit score requirements than conventional loans. They are a popular choice for first-time homebuyers and those with limited funds for a down payment.
• VA: VA loans are guaranteed by the Department of Veterans Affairs and are available to eligible veterans, active-duty service members, and surviving spouses. They offer competitive interest rates and do not require a down payment.
• USDA/Rural Development: USDA loans are insured by the U.S. Department of Agriculture and are designed to help low- to moderate-income individuals and families purchase homes in rural areas. They do not require a down payment.
• Jumbo: Jumbo loans are for amounts that exceed the conventional loan limit. They typically require a higher down payment and may have slightly higher interest rates.
• Renovation/Investment: Renovation loans allow homebuyers to finance the purchase of a property and the cost of renovations in a single loan. Investment loans are for the purchase of properties that will be rented or flipped.
• Reverse Mortgage: Reverse mortgages allow homeowners aged 62 and older to convert a portion of their home equity into cash.
• First-Time Home Buyer: First-time homebuyers may be eligible for special financing programs and assistance.
• New Construction: We offer loans for the construction of new homes.

Home Buying Process

We guide our clients through every step of the home buying process, from pre-approval to closing. Our team will help you understand your options, make informed decisions, and avoid potential roadblocks. We will also provide you with resources and tools, such as a payment calculator and a home buying process guide.

Resources

We provide a variety of resources to help our clients make informed decisions about their home financing options. These include:

• Payment Calculator: Our payment calculator allows you to estimate your monthly mortgage payments based on the loan amount, interest rate, and term.
• FAQs: Our FAQs section provides answers to common questions about the home buying process and mortgage loans.
• Home Buying Process: Our step-by-step guide to the home buying process covers everything from pre-approval to closing.
• Find Your New Home: Use our online tool to search for homes in your desired location and price range.
• Buy Vs Rent: Our buy vs rent tool helps you compare the costs of buying versus renting a home.
• Refinance: Our refinance guide explains the benefits of refinancing your current home loan.
• Why Interest Rates Move: Our guide to interest rates explains how and why they change in the market.

Become A Client

We are a 100% commissioned loan officer and are fully vested in our clients' interests. We do not get paid unless your loan closes, so you can be assured that we are committed to providing excellent service and guiding you through the loan process as smoothly as possible. If you or someone you know is thinking of purchasing a home, selling a home and purchasing a new one, buying a second home or investment property, or refinancing their current loan, we would be honored to have the opportunity to earn your business. Contact us today to get started.