Wisconsin VA Loans
If you are a qualified veteran looking to relocate to Wisconsin, you will definitely want to consider purchasing your new home with a VA Loan. By filling out our 1 minute VA Loan form
When you go through the VA to purchase or build your new house in Wisconsin, you are not required to provide a down payment on the property. If you were to use a conventional loan, you might be expected to pay anywhere from 5 – 20% for the down payment, which can add up very fast. Now, even if you don’t have money saved up you can still afford that house of your dreams.
Individual Repayment Plans
The VA recognizes that not everyone has the same level of income or spending habits, which is why they offer five different types of repayment plans. These plans are: traditional ARM, hybrid ARM, traditional fixed, growing equity mortgage and graduated payments mortgage. The traditional fixed is perfect if you like stable payments year after year. If you plan to pay off your mortgage faster overtime, you’ll want to consider using the growing equity mortgage.
The VA guarantees a portion of your loan for you, which is the same as insuring it in the event of a foreclosure on the house. Because of this, no additional private monthly mortgage insurance is required on your part.
Once you have your Wisconsin VA Loan, refinancing is incredibly easy when done with the VA Interest Rate Reduction Refinancing Loan (IRRRL). The IRRRL is also known as the VA Streamline Refinance because you won’t incur any additional fees or paperwork for the new loan.
How to Get Started
If you are interested in obtaining a Wisconsin VA Loan, take a minute to fill out our online form. It only takes a minute and is incredibly secure. Once we receive your form, you’ll be pre-approved for a loan and on your way to big savings!